Asian ferromolybdenum prices hit a new peak of $94-$96/kg, the highest level since Platts Asia weekly pricing began, jumping $19.75/kg, or 26%, on the week, amid heightened demand from China and continued market tightness arising from supply disruptions. The S&P Global Commodity Insights Ferromolybdenum CIF Asia Weekly price moved up to a record $94/kg-$96/kg Feb. 2, from $75/kg-$75.25/kg Jan. 26….
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