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Molybdenum prices at record high

Molybdenum prices at record high, supply tight – Stainless Espresso

3 February 2023 – Molybdenum prices continue to rise. Pure molybdenum is more than $100,000 per tonne. Supply will be tight for years. Stainless steel producers already have to wait for molybdenum supplies. Molybdenum now also in hydrogen electrolyzers? Chromium ore prices also at record levels. Indian Adani Group loses 100 billion due to shortseller attack?

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Greedy for Scrap – Now EU Critical Raw Material? – Stainless Espresso

30 January 2023 – Has the greed for scrap now broken out in Europe? How the EU steel lobbies are positioning themselves in the green shadow of the wind energy producers to whose demise they have contributed for years. Washington wants to appeal against the WTO panel decision on steel and aluminium tariffs. And Europe soon to bring up the rear in renewable energies? Hydrogen investments only at 0.1%?

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Top Story Stainless Steel

Stocks already empty? Stainless steel demand jumps up – Stainless Espresso

26 Januar 2023 – At the beginning of December there were already signs of a new shortage of stainless steel from January 2023. Currently, there are many indications that the upward jump in demand is already greater than the supply. And the electric vehicle manufacturer Tesla wants to produce at least two million vehicles in 2023. According to company founder Elon Musk, demand has risen dramatically.

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What was going on so far in December 2022 and January 2023

Stocks already empty? Stainless steel demand jumps up – Stainless Espresso

26 Januar 2023 – At the beginning of December there were already signs of a new shortage of stainless steel from January 2023. Currently, there are many indications that the upward jump in demand is already greater than the supply. And the electric vehicle manufacturer Tesla wants to produce at least two million vehicles in 2023. According to company founder Elon Musk, demand has risen dramatically.

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EU Parliament votes for scrap export ban – Stainless Espresso

18 January 2023 – The EU Parliament yesterday voted in favour of the introduction of the revised EU Waste Shipment Regulation and thus for a ban on scrap exports to non-OECD countries. The steel lobby remains unhappy and wants OECD member states, such as Turkey, to be monitored and, if possible, banned as well. Nickel jumps up by more than 5%, molybdenum prices already yesterday by almost 4.8%.

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Chinese stainless steel mills suspend deliveries – Stainless Espresso

17 January 2023 The Chinese stainless steel market reports suspended deliveries by manufacturers and expects further significant price increases after the Chinese New Year. Further increase in EU stainless steel alloy surcharges very likely, but price increases in Europe already noticeable. Demand and delivery times for steel are already picking up.

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Large Indonesian nickel smelter has to stop operations – Stainless Espresso

16 January 2023 – Production at an Indonesian nickel smelter has had to be suspended for the time being following serious unrest that left two people dead at the weekend. Alumina production in Australia significantly reduced due to gas shortage. And copper prices pull. Indonesian copper export ban from the middle of the year? Raw material inventories halved from 2021 to 2022.

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