Ferro-molybdenum climbed further on Wednesday as consumer...

Ferro-molybdenum climbed further on Wednesday as consumer interest continued its tentative return to market. Ferro-molybdenum basis 65-70% rose to $24.30-25.50 per kg from $23.50-25 per kg last week, with some traders holding back material in anticipation of even higher prices over the coming weeks. “I’ve not done much– I have material but I’m waiting for higher prices,” one trader said, adding that he is looking for prices above $25 per kg. “That’s still very difficult although there’s nothing below $24.20 [per kg] now,” he said. A producer was able to book a three-tonne sale at...