PAKT visits Asian Metal

On Monday 12th March 2012, Mr Krzysztof Adamski, Owner of PAKT based in Warsaw, Poland, visited Asian Metal’s London office to meet with Elliott Day, Ferro-alloy market analyst, to discuss the European ferromolybdenum and molybdenum oxide markets. Mr Adamski was pleased to meet with Elliott Day to share information on these metal markets, as he appreciates the up-to-date price information and analysis Asian Metal provides him with on a regular basis.

PAKT is a supply agent to a number of metallurgical plants in Poland and Mr Adamski, who is currently searching for further suppliers of molybdenum oxide 57%min in Europe, was keen to share information on this material. Mr Adamski brought with him 20 years of industry experience and put forward his opinions on what is likely to occur in the European ferromolybdenum market this year. Mr Adamski stated that the relatively volatile ferromolybdenum 65%min prices in the first quarter of 2012 are unlikely to remain throughout the year, instead forecasting relatively stable prices over long periods of the year with a slightly more active spot market than in 2011.

PAKT, who have long standing rare earth contacts in China, occasionally distribute rare oxide material to end users in Europe on an ad-hoc basis.