China Nonferrous Metals News
As of 13th May, mainstream molybdenum concentrate transaction volumes in the domestic market exceeded 4.3 kt during the month, seeing concentrate prices (45%~50% grade) hold steady at RMB1,600~1,620/MTU.
At present, Luming Mining in Yichun Heilongjiang has no plans to resume operations. With shrinking supply as a result of continued low output, domestic molybdenum concentrate prices are expected to hold firm over the short-term.
