Molybdenum Price Trend

Molybdenum Price Trend, Index and Forecast

Track the latest insights on molybdenum price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Molybdenum Prices Outlook Q2 2025

• USA: US$ 50265/Ton
• China: US$ 31360/Ton
• Russia: US$ 25660/Ton
• Thailand: US$ 25400/Ton
• Canada: US$ 36310/Ton

Molybdenum Price Chart

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During the second quarter of 2025, the molybdenum prices in the USA reached 50265 USD/Ton in June. In Q2 2025, molybdenum prices in the USA were influenced by consistent demand from the stainless steel and aerospace sectors, which maintained stable procurement volumes. Domestic mining output remained steady, but delays in rail freight and elevated fuel costs affected distribution efficiency. Trade policies involving import restrictions on select refined molybdenum products from Asia led to increased reliance on domestic and South American supply sources, shaping overall market sentiment.

During the second quarter of 2025, molybdenum prices in China reached 31360 USD/Ton in June. Molybdenum prices in China were impacted by strong demand from the steel alloy and energy equipment manufacturing sectors, especially amid increased infrastructure-related activity. Environmental inspections in Henan and Shaanxi provinces temporarily curtailed mining operations, tightening concentrate supply. Export volumes to Southeast Asia remained high, driven by regional contracts. Additionally, price negotiations were affected by fluctuations in power costs and restricted trucking availability in key production zones.

During the second quarter of 2025, the molybdenum prices in Russia reached 25660 USD/Ton in June. In Q2 2025, molybdenum prices in Russia were shaped by constrained mining operations in the eastern region due to labor shortages and equipment downtime. Demand from the oil and gas sector remained firm, particularly for drill pipe applications. Sanctions-related logistical challenges continued to limit access to Western processing technologies, causing inefficiencies in refining capacity. The ruble’s exchange volatility added further uncertainty to procurement and contract pricing.

During the second quarter of 2025, the molybdenum prices in Thailand reached 25400 USD/Ton in June. Thailand experienced molybdenum price movements driven by steady import demand from the stainless steel fabrication and electronics manufacturing sectors. Dependence on Chinese and South Korean molybdenum intermediates exposed the market to supply-side volatility, especially amid delayed maritime shipments. Additionally, localized increases in electricity and operational costs affected secondary refining facilities. The construction sector’s recovery contributed to consistent offtake from alloy producers, influencing quarterly procurement trends.

During the second quarter of 2025, the molybdenum prices in Canada reached 36310 USD/Ton in June. In Canada, molybdenum prices were influenced by active demand from the mining tools and pipeline steel manufacturing sectors. Production levels at major molybdenum mines remained stable, although wildfire-related transportation disruptions in British Columbia caused temporary delivery delays. Export demand from the USA and Europe added pressure to domestic inventories. Additionally, increases in energy and labor costs affected extraction margins, shaping supplier pricing strategies across the quarter.

Molybdenum Prices Outlook Q1 2025

• USA: US$ 48,155/MT
• China: US$ 26,329/MT
• Russia: US$ 28,149/MT

Molybdenum Prices in Outlook Q4 2024

• USA: US$ 52,370/MT
• China: US$ 31,700/MT
• Russia: US$ 28,910/MT

During the fourth quarter of 2024, the molybdenum prices in the United States reached 52,370 USD/MT in December. In Q4 2024, the U.S. ferromolybdenum market experienced price declines amid surplus and fluctuating demand, with a 7% drop in November followed by a smaller 1.5% decrease in December. While the automotive industry showed growth, the construction sector stood weak due to heavy borrowing prices and delayed and slow real estate activity. 

In the fourth quarter of 2024, molybdenum prices in China remained mostly stable with minor fluctuations. The quarter ended with molybdenum priced at 31,700 USD/MT in December. In Q4 2024, China's ferromolybdenum market faced price declines due to High stockpile levels and lower demand from steel mills amid falling steel costs. Despite these hurdles, government support and a rising Manufacturing Index in October signaled slight growth in the manufacturing sector. 

During the fourth quarter of 2024, molybdenum pricing in Russia saw variations. The quarter ended with molybdenum priced at 28,910 USD/MT in December. In Q4 2024, Russia's ferromolybdenum market saw gradual improvement, with its Manufacturing PMI changing from a decline to a mild increase. However, weak requirements in the stainless steel and construction sectors resulted in large price cuts despite rising production costs. 

Molybdenum Prices in Outlook H2 2023

• USA: US$ 55,600/MT
• China: US$ 58,930/MT

In the second half of 2023, the price of molybdenum in the United States reached 55,600 USD/MT. Similarly, in China, the molybdenum prices hit 58,930 USD/MT.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the molybdenum prices.

Global Molybdenum Price Trend

The report offers a holistic view of the global molybdenum pricing trends in the form of molybdenum price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of molybdenum, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed molybdenum demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Molybdenum Price Trend

Q2 2025:

As per the molybdenum price index, molybdenum prices in Europe were influenced by sustained demand from the stainless steel and chemical processing sectors, particularly in Germany and Italy. Import dependency on concentrates from South America and Asia exposed the region to cost fluctuations driven by maritime delays and port congestion. Regulatory changes around critical raw materials and heightened energy prices affected smelter operating costs. Additionally, planned maintenance at several European alloy facilities led to temporary shifts in procurement schedules and spot market activity.

Q4 2024:

In the fourth quarter of 2024, the ferromolybdenum market in Europe witnessed price volatility, with a 6% decline in November followed by a smaller 1.5% drop in December. Producers sought to prevent increased manufacturing prices by raising costs in October, but the sluggish need for building and stainless-steel industries resulted in price modifications. The automotive industry showed resilience, with a 16.7% year-over-year increase in new vehicle sales, but the market continued to struggle with material scarcity and a slowdown in construction activity. High input prices, fluctuating exchange costs, and supply chain uncertainties added further pressure on market participants.

H2 2023:

Europe's molybdenum pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence molybdenum production costs. Additionally, the region's dependency on molybdenum imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for molybdenum can also be provided for an extensive list of European countries.

North America Molybdenum Price Trend

Q2 2025:

As per the molybdenum price index, in North America, molybdenum prices were shaped by robust demand from the aerospace, automotive, and oilfield equipment sectors. Mining operations in the USA and Canada maintained consistent output, but regional logistics were disrupted by rail delays and weather-related constraints. Export demand from Europe added pressure on available inventories. Trade policy adjustments and currency movements also influenced cost structures, especially for buyers relying on imported refined molybdenum products.

Q4 2024:

In the fourth quarter of 2024, the ferromolybdenum market in North America experienced a downturn in prices, with a 7% drop in November and a further 1.5% decrease in December due to surplus and shifting demand. While U.S. molybdenum manufacturing remained steady, supply chain disruptions from China instigated instability. The automotive industry showed positive momentum with a 2.8% monthly increase in vehicle sales, but The construction sector faced challenges as a result of elevated borrowing expenses and slow projects in the real estate market. Market participants managed increasing input expenses and economic unpredictabilities, leading to a prognosis outlook for 2025.

H2 2023:

In North America, molybdenum prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence molybdenum supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific molybdenum historical data within the United States and Canada can also be provided.

Middle East and Africa Molybdenum Price Trend

Q2 2025:

As per the molybdenum price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

Q4 2024:

The report explores the molybdenum pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Molybdenum Price Trend

Q2 2025:

In the Asia Pacific region, molybdenum prices were impacted by supply fluctuations in China due to environmental inspections and intermittent production halts at major mining sites. Downstream demand remained strong from the steel alloy, electronics, and construction sectors in South Korea, India, and Southeast Asia. Import dependency on Chinese molybdenum oxide shaped procurement strategies across the region. Additionally, freight rate volatility and energy input costs played a critical role in shaping overall pricing trends.

Q4 2024:

In Q4 2024, the Asia-Pacific ferromolybdenum market experienced price instability, with a 7% drop in November and a further 1.5% reduction in December due to high stock levels and decreased steel factory purchases. Government support helped stabilize economic tasks, while the Manufacturing Index in China showed slight growth in October. Supply network problems and restricted stockpiling initiatives contributed to a alert market outlook. With continued economic unpredictabilities and seasonal demand variations, the market experiences challenges in achieving stability while anticipating potential recovery in 2025.

H2 2023:

In the Asia Pacific region, molybdenum pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of molybdenum, making the Asia Pacific market a complex environment for price trend analysis.

This molybdenum price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Molybdenum Price Trend

Q2 2025:

Latin America's molybdenum market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in molybdenum prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the molybdenum price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing molybdenum pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Molybdenum Price Trend, Market Analysis, and News

IMARC's latest publication, “Molybdenum Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the molybdenum market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of molybdenum at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed molybdenum prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting molybdenum pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Molybdenum Industry Analysis

The global molybdenum market size reached 568.96 Thousand Tons in 2024. By 2033​, IMARC Group expects the market to reach 656.3 Thousand Tons, at a projected CAGR of 1.52% during 2025-2033.

• Molybdenum plays an important role in steel production as an alloying agent significantly enhancing the steel's strength, corrosion resistance, and toughness. According to data published by the World Steel Association, in March 2024 the world crude steel production for 71 countries reached 161.2 million tons (Mt). By region Asia and Oceania produced 118.3 million tons, the EU produced 11.6 million tons and North America produced 9.5 million tons of crude steel in April 2024. The addition of molybdenum to steel formulation allows for the creation of high-strength steel varieties which are essential in various demanding applications. The global demand for such steel is particularly high in sectors like construction, automotive, energy and infrastructure. These industries require material that can withstand harsh conditions and heavy loads making molybdenum enhanced steel an ideal solution. As these sectors continue to grow and evolve, especially with increasing infrastructural developments and automotive innovations the consumption of molybdenum correspondingly rises underscoring its importance in modern industry.
• Molybdenum is a highly sought-after component in oil and gas sectors mainly due to its high-temperature stability and excellent corrosion resistance properties. These attributes are important in environments where materials are exposed to extreme heat and corrosive substances. Molybdenum alloys are used in the manufacturing of oil and gas pipelines, drilling equipment and other critical infrastructure. The use of molybdenum ensures the durability and longevity of oil and gas pipelines while reducing maintenance costs and enhancing safety. The demand for molybdenum in this sector is mainly driven by the continuous expansion of oil and gas exploration and extraction activities which require robust and reliable materials to handle harsh operational conditions effectively.
• Global economic growth plays a significant role in driving the demand for molybdenum, particularly through its impact on industrial activities. According to data published by the OECD, global growth in 2023 continued at an annual rate above 3%. Global GDP growth is projected at 3.1% in 2024 and 3.2% in 2025. As emerging markets like China and India experience economic expansion, their industrial sectors, including construction, automotive, and infrastructure, grow accordingly. This growth leads to an increased demand for steel, in which molybdenum is a key alloying element due to its strength and corrosion resistance properties. Consequently, as these countries develop and modernize, the demand for molybdenum rises to meet the needs for high-performance steel in various applications, underlining the direct correlation between economic growth and molybdenum consumption.

Molybdenum News

The report covers the latest developments, updates, and trends impacting the global molybdenum industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in molybdenum production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the molybdenum price trend.

Latest developments in the molybdenum industry:

• July 2024: Ahmedabad-based Sanstar plans to raise ₹510 crore through an IPO, with ₹180 crore allocated for expanding its maize-based specialty products facility in Dhule, Maharashtra. This expansion will increase the plant's capacity from 1,100 to 2,100 tons per day. Sanstar manufactures various products, including molybdenum, which are utilized in the food, pharmaceutical, and animal nutrition sectors.
• February 2024: Gujarat Ambuja Exports launched a new molybdenum unit in Hubli, Karnataka, with a capacity of 100 tons per day, making it the largest molybdenum manufacturer in India with a total capacity of 500 TPD across four locations.
• January 2024: Aether Industries, H.B. Fuller, and Saudi Aramco have partnered to commercialize sustainable Converge polyols technology. This collaboration aims to develop bio-based polyols for various applications, including adhesives, coatings, and foams, enhancing sustainability in the industry.

Product Description

Molybdenum is a silvery-white, metallic element in the chromium group generally known for its impressive strength, high melting point, and corrosion resistance, even at extreme temperatures. It is chemically represented by the symbol Mo and has an atomic number 42. It is generally found in mineral molybdenite, molybdenum is rarely found in its pure form in nature and is usually extracted as a by-product of copper mining. Due to its unique properties, molybdenum is invaluable in various industrial applications. It is extensively used as an alloying agent in steel to enhance strength, hardness, and resistance to wear and temperature. This makes it crucial in sectors like construction, aerospace, automotive, and energy. Molybdenum finds applications in electronics, as a catalyst in the petroleum industry, and in certain chemical processes. Its role is pivotal in modern technology, where performance and durability under harsh conditions are paramount.

Report Coverage