H.C. Starck Inc.’s Fabricated Products (FPR) Division recently announced a double-digit price increase for molybdenum, tungsten, tantalum and niobium metals, effective immediately or as contracts permit. The substantial increase in demand for these materials, including from emerging markets such as China and the global consumer electronics market, has resulted in a sustained increase in the cost of raw materials.
These market conditions for refractory metals are increasingly projected to be secular, not cyclical. This means that pricing pressures will be sustained and will likely increase. In addition to the cost of molybdenum, tantalum, niobium and tungsten, prices of other commodities like energy significantly affect FPR in production and transportation.
“H.C. Starck Inc. thus far has absorbed all of these macroeconomic-based cost increases,” said Andrew Towey, vice president of Global Marketing for FPR. “Unfortunately, the prevailing market conditions have reached a point where H.C. Starck must recoup some of these costs.”
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