Molybdenum prices jump on strong fundamentals

摘要

Molybdenum prices jumpedMonday following the rise in buying in Europeat the end of the previous week.Deals were reported up to $11.45/lb inRotterdam and India, around $11.45/lb to Japanfor powder, and $11.30/lb in Busan. In theUS, close to $11.60/lb was heard concludeddelivered to mill with payment terms. Briquettesales to European mills were also reported at$11.40/lb DDP and $11.70/lb DDP; the highernumber was concluded later in the day.