U.S. molybdenum prices are continuing to rise as consumer demand increases and traders angle for higher prices.
Market participants put spot prices for molybdic oxide in a range of $12.75 to $13 per pound, up from $11.25 to $11.50 two weeks ago, while ferromolybdenum prices are between $14.75 and $15.25 per pound, up from $13 to $13.50 in mid-December.
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