Sarissa Resources Inc (SRSR)

[webpence]

BEIJING Asian Metal 26 Mar 12 – According to market participants, ferroniobium market in China keeps stable with the prices keeping at RMB3,400-3,450mtu USD541-548mtu, unchanged from the prices two weeks ago with the stable demand from the minor steel industry in domestic market. However, the quotations from the major domestic ferroniobium dealer in China are still at RMB3,500-3,600mtu USD556-572mtu in the spot m...

http://www.asianmetal.com/news/viewNews.am?newsId=851324

An mtu is a metric ton unit, which is 22 pounds.

So, ferroniobium is currently between $24.59 and $26 a pound

http://en.m.wikipedia.org/wiki/Ferroniobium

But this is for ferroniobium that is 60-70% Nb