Commodity Market Report

Global noble steel alloys short-term outlook January 2024

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There was a divergence in noble alloys price trends in January. Molybdenum and Vanadium prices had a positive start to 2024, however suffered from consecutive falls in the subsequent weeks. Despite continuous fall, average prices remain higher in January compared to December 2023. Meanwhile, Niobium prices increased in January on the back of higher concentrate feedstock costs and pre-lunar New Year holiday restocking. Please read our report to find out more about these trends, our forecast and the latest movements in the market.

Table of contents

  • Molybdenum
  • Vanadium
  • Niobium

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    Global Noble Steel Alloys Short Term Outlook January 2024.pdf

    PDF 3.46 MB