Commodity Market Report
Global noble steel alloys short-term outlook April 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The noble alloys ticked up in price at the start of Q2 as demand picked up globally. Vanadium was uplifted by the non-steel sectors, especially aviation and defence. Niobium prices were driven by demand for superalloys. Molybdenum markets risk entering into undersupply unless output from the majors improves this year after poor production from Chile in Q1. All the noble alloys stand to gain from increasing intensities in steel over the next two years, offsetting the effects of rangebound steel production volumes. Please read our report to learn more about these trends, our forecast, and the latest movements in the market.
Table of contents
- Molybdenum
- Vanadium
- Niobium
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global noble steel alloys short-term outlook - May 2024
Wood Mackenzie's latest short-term view on the molybdenum, niobium and vanadium markets.
$5,000
Commodity Market Report
Global noble steel alloys strategic planning outlook - Q2 2024
Wood Mackenzie's latest long-term view on molybdenum, niobium and vanadium markets
$10,000
Commodity Market Report
Global noble steel alloys short-term outlook February 2024
Wood Mackenzie's latest short-term view on molybdenum, niobium and vanadium markets.
$5,000
