Chinese FeMo market remains unmoved

摘要

The Chinese ferro-molybdenum market remains practically unmoved, even though material is in short supply and demand is largely stable.Traders and producers said that the tightening moly oxide supply situation is being compounded by the continuing market weakness and the Chinese government's recent crackdown on all illegal mining operations. The government is targeting mines in all sectors that have failed to meet safety regulations after a number of fatal accidents this year.