The Covid-19 pandemic and its effects on steel production, mining and manufacturing activity, consumption, trading and logistics have dominated the noble alloys markets in the first half of 2020.
Among the complex, the molybdenum market fell the furthest in percentage terms, with ferro-molybdenum prices down by 14% and oxide prices down by 13% in both Rotterdam and Busan.Also, in China, operations were suspended at Yichun Luming Mining's molybdenum mine in Heilongjiang province at the end of March, following a leak at a tailings dam, which supported...