Price Watch
Buy Subscription
Book a Demo
Price Watch
Buy Now
Book a Demo

Molybdenum Price Trend and Forecast

UNSPC code: 12352306
|
⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026
  • Commodity Pricing
Buy Subscribtion

molybdenum Price Trends by Country

usUnited States
inIndia
cnChina
nlNetherlands

Global molybdenum Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Molybdenum across top trading regions:

Molybdenum Regional Coverage Molybdenum Grade and Country Coverage Molybdenum Pricing Data Coverage Explanation
Asia-Pacific Molybdenum Pricing Analysis Molybdenum FeMo (Mo-60% min.) Ex-Shanghai Prices, China Weekly Price Update on Molybdenum Real-Time Domestic Ex-Shanghai Prices in China
Molybdenum FeMo (Mo-60% min.) Ex-Mumbai Prices, India Weekly Price Update on Molybdenum Real-Time Domestic Ex-Mumbai Prices in India
North America Molybdenum Pricing Analysis Molybdenum FeMo (Mo-65% min.) Del Alabama Prices, USA Weekly Price Update on Molybdenum Real-Time Delivered Prices in Alabama, USA
Europe Molybdenum Pricing Analysis Molybdenum FeMo (Mo-65% min.) FD Rotterdam Prices, Netherlands Weekly Price Update on Molybdenum Real-Time FD Prices in Rotterdam, Netherlands

Molybdenum Price Forecasts & Market Foresight Q3 2026

Outlook: Bullish

Confidence: High

Molybdenum prices are expected to maintain a bullish trend globally during Q3 2026, supported by firm demand from the stainless steel, alloy, and energy sectors, along with tight availability in key producing regions. Europe is likely to remain stable to slightly bullish amid balanced supply conditions, while Asia may witness stronger gains led by robust demand in China and improving industrial activity in India. North America is anticipated to record a strongly bullish trend, backed by resilient manufacturing demand and constrained supply fundamentals.

Global Molybdenum Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
Netherlands FeMo(Mo-65%min.) FD Rotterdam Stable to Bullish
China FeMo(Mo-60%min.) Ex Sanghai Strongly Bullish
India FeMo(Mo-60%min.) Ex Mumbai Mildly Bullish
USA FeMo(Mo-65%min.) Del Alabama Strongly Bullish

* Molybdenum Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Molybdenum Forecast

Access comprehensive Molybdenum market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Molybdenum Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in molybdenum concentrate availability, mining and smelting activity, stainless steel and alloy steel demand, producer operating rates, inventory levels, global trade flows, freight costs, energy prices, and geopolitical developments affecting the global molybdenum market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track Molybdenum Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Molybdenum markets.

 Access the Price Watch™ GIO Tracker

Molybdenum Price Trend Q2 2026

In Q2 2026, the global Molybdenum market records a strong upward trend as tight raw material availability and firm demand from the steel sector support prices across major regions. China and India lead the gains as constrained molybdenum concentrate supply and healthy stainless, and specialty steel production keep procurement activity strong.

The USA also records steady price growth, supported by firm domestic steel demand, higher raw material costs, and import tariff policies that encourage local sourcing. Europe remains supported by resilient alloy demand and measures to strengthen the regional steel industry. The Molybdenum Price Chart reflects this broad-based increase across April and May.

Toward the end of the quarter, buying activity slows after earlier restocking, while supply conditions gradually improve in several markets. The Molybdenum Price Index begins reflecting this moderation, with June 2026 prices easing across China, India, the USA, and the Netherlands as procurement becomes more cautious and market conditions turn more balanced

China: Molybdenum Domestic traded prices Ex Shanghai, China; Grade- FeMo(Mo-60%min.)

In Q2 2026, Molybdenum Price Trend in the Country increases by 17.44% compared to Q1 2026. Tight availability of molybdenum concentrate and firm procurement from steel mills continue supporting higher prices across the quarter. Chinese producers maintain strong price offers as mining activity remains constrained by high production costs and slower capacity releases.

At the same time, early June data from the China Iron and Steel Association shows daily crude steel output at key mills rises by 3.8% from the previous period, supporting alloy demand. Molybdenum Price in the Country remains elevated through April and May. However, In June 2026, Molybdenum Prices in the Country decline by 2.97% from May as buyers limit fresh purchases and market activity becomes more balanced.

India: Molybdenum Domestic traded prices Ex Mumbai, India; Grade- FeMo(Mo-60%min.)

In Q2 2026, Molybdenum Price Trend in the Country rises by 18.53% compared to Q1 2026. Higher molybdenum feedstock costs and firm alloy procurement from stainless and specialty steel producers continue supporting the market. India’s steel output and finished steel consumption remain strong during the quarter, sustaining demand for ferro molybdenum across industrial sectors.

Domestic buyers also remain active despite elevated prices, while imported alloy availability stays relatively tight. These factors keep Molybdenum Price in the Country on an upward path through most of the quarter. However, In June 2026, Molybdenum Prices in the Country decline by 4.51% compared to May as buyers reduce fresh purchases and improving supply eases market pressure.

USA: Molybdenum Domestic traded prices Del Alabama, USA; Grade- FeMo(Mo-65%min.)

In Q2 2026, Molybdenum Price Trend in the Country increases by 12.80% compared to Q1 2026. Firm domestic steel production and higher alloy procurement continue supporting molybdenum demand across the quarter. US steel prices remain elevated as import tariffs keep foreign material less competitive and encourage domestic sourcing.

Higher raw material costs and tight global molybdenum availability also strengthen supplier pricing through April and May. These factors keep Molybdenum Price in the Country on a steady upward path. However, In June 2026, Molybdenum Prices in the Country decline by 1.48% compared to May as buying activity slows after earlier restocking and supply conditions improve, leading to a modest market correction.

Netherlands: Molybdenum Domestic traded prices Ex Mumbai, India; Grade- FeMo(Mo-60%min.)

In Q2 2026, Molybdenum Price Trend in the Country increases by 12.43% compared to Q1 2026. Firm alloy demand from the European steel sector and higher imported raw material costs support prices through most of the quarter. The European Union also strengthens measures to protect its steel industry by approving new rules on steel imports, improving confidence across the regional market and supporting alloy consumption.

These developments keep Molybdenum Price in the Country elevated during April and May. However, In June 2026, Molybdenum Prices in the Country decline by 5.08% compared to May as buying activity slows, inventories improve, and procurement becomes more cautious despite continued support from the European steel sector.

Molybdenum Price Trend Analysis: Q1 2026

Molybdenum Price Trend Q1 2026

In Q1 2026, global molybdenum price trend increase major markets due to tight supply, rising raw material costs, and strong downstream demand. In China, molybdenum prices were supported by active steel mill tendering and limited concentrate availability. In India, gains were driven by constrained supply, higher upstream costs, and restocking by stainless and alloy steel producers.

The U.S. market saw increases reflecting tight global supply, robust industrial demand, and pre-maintenance restocking, while the Netherlands experienced growth underpinned by limited inventories, strong downstream demand, and elevated import and logistics costs. Across all regions, supply constraints and sustained industrial activity reinforced a broadly bullish start to 2026.

China: Molybdenum Domestic traded prices Ex Shanghai, China; Grade- FeMo(Mo-60%min.)

According to Price-Watch™ , in Q1 2026, China’s molybdenum price trend rose about 4.36 % quarter on quarter, largely because the market bottomed in early January and then rebounded strongly as downstream steel mills actively tendered for ferromolybdenum and crude steel production held up, supporting raw material demand.

March 2026 saw a 3.35 % uptick in molybdenum price trend in China, while spot supply of molybdenum concentrate remained tight and some producers held back discounts, keeping quotes firm; and although downstream resistance limited steeper rises, overall trading activity and stable midstream demand kept prices on an upward trajectory into the end of the quarter.

India: Molybdenum Domestic traded prices Ex Mumbai, India; Grade- FeMo(Mo-60%min.)

In Q1 2026, molybdenum prices trend in India rose 13.75% versus Q4 2025 primarily due to tight supply and firmer raw material costs, as upstream molybdenum concentrate and ferromolybdenum markets remained constrained with limited spot availability and suppliers reluctant to discount, supporting higher offers in March.

Molybdenum prices in India increased 10.52% as downstream steel sector demand strengthened, with increased bidding and restocking activity from stainless and alloy steel producers, while some ferromolybdenum producers cut output for maintenance, further tightening supply.

Additionally, global price trends showed upward momentum, reflecting a broader fundamental shift with strong production data from key steel regions and structural support in major markets, collectively driving a bullish price environment in early 2026.

USA: Molybdenum Domestic traded prices Del Alabama, USA; Grade- FeMo(Mo-65%min.)

In Q1 2026, molybdenum price trend in USA increases by 19.90% compared to Q4 2025, driven by a combination of tight global supply, limited new mine capacity, and strong industrial demand from stainless steel, high-performance alloys, aerospace, and defence sectors.

March 2026 alone saw a sharp 20.14% increase in molybdenum prices in the US, reflecting upstream cost pressures, constrained raw material availability, and downstream restocking ahead of maintenance and production cycles.

Broader bullish sentiment in industrial metals and strategic commodities added momentum, allowing the U.S. market to sustain a sharp upward trend despite seasonal fluctuations, reflecting robust fundamentals heading into mid-2026.

Netherlands: Molybdenum Domestic traded prices FD Rotterdam, the Netherlands; Grade- FeMo(Mo-60%min.)

In Q1 2026, molybdenum price trend in the Netherlands increase 12.66% quarter over quarter, driven by tight global supply, constrained concentrate availability, and limited inventories in key producing regions.

In March, molybdenum prices in the Netherlands rose 7.24%, reflecting strong downstream demand from stainless steel, renewable energy, and advanced engineering sectors, while elevated import costs, logistics bottlenecks, and rising upstream prices reinforced producer pricing power.

End‑quarter restocking and prompt material shortages further amplified gains, resulting in a robust start to 2026 with firm market fundamentals underpinning continued price momentum.

Molybdenum Price Trend Analysis 2025

Molybdenum Price Trend Q1 2025

In Q1 2025, the price trend of molybdenum in the USA stood at USD 51,282/MT, Del Alabama reflecting a slight decrease from USD 51,617/MT, Del Alabama in Q4 2024. This marginal decline was primarily due to a combination of easing supply constraints and moderate demand from the steel and energy sectors, as well as improved inventory levels following a period of surplus in late 2024.

In the Netherlands, prices also edged down mirroring the global trend of softer demand and stable supply, with European buyers remaining cautious amid ongoing economic uncertainties. India also saw price drop q-o-q. This drop was attributed to a normalization of demand after a strong infrastructure push in late 2024 and improved import flows.

In China, prices slipped as the market adjusted to high inventory levels and a slight slowdown in industrial activity. Overall, Q1 2025 was characterized by a mild downward correction in molybdenum prices across major markets, with sentiment remaining cautious but stable as supply and demand found a new equilibrium. 

The downward trend continued into the first quarter of 2025 to USD 28804/MT, with prices dropping by 4%. The market was subdued, reflecting both ample inventories and a slowdown in new project starts. Demand from the steel and construction sectors softened, and there was little urgency among buyers to secure additional material.

Many industry participants adopted a wait and see approach, anticipating that prices might stabilize or even decline further before any significant recovery. Sentiment was cautious, with a focus on cost control and prudent inventory management. 

Molybdenum Price Trend Q2 2025

According to the PriceWatch, In Q2 2025, molybdenum experienced a notable price decline, dropping by $31,249 per metric ton, Del Alabama which represents a 3.80% decrease compared to the previous quarter. This downward movement likely reflects a combination of factors such as a potential oversupply in the market, reduced industrial demand, or shifts in global economic conditions impacting sectors like steel production and alloy manufacturing where molybdenum is heavily used.

The price correction may also be influenced by broader commodity trends and inventory adjustments by producers and consumers. Moving forward, stakeholders will need to monitor demand signals from key industries and any geopolitical developments that could further affect supply dynamics. 

According to the PriceWatch, In Q2 2025, Molybdenum India experienced a notable price decrease of $27,595 per metric ton, Ex Mumbai reflecting a 1.33% decline compared to the previous quarter. This downward adjustment suggests a softening in demand or potential shifts in global supply dynamics impacting the Indian market.

Factors such as reduced industrial activity, changes in steel production (where molybdenum is a critical alloying element), or increased availability from international suppliers might have contributed to this price correction.

While the decline is moderate in percentage terms, the significant absolute drop per metric ton indicates market sensitivity, warranting close attention from stakeholders for potential impacts on profitability and sourcing strategies moving forward. 

Molybdenum Price Trend Q3 2025

Global molybdenum prices demonstrated an upward trend during the third quarter of 2025, generating a roughly 10.48% increase from the previous quarter. This stage of volatility has represented mostly by strong rates of consumption due to stainless-steel and alloy demand from US, China, India, and the developed world.

Availability of Molybdenum declined through the quarter following a shutdown at a small number of mines due maintenance takedowns in 2025, exacerbated by consistent consumption from the energy and aerospace sectors. Additionally, strengthening procurements of high-performance industrial materials in Europe, for instance in the Netherlands, added upward pricing pressure.

Stability in molybdenum oxide prices and increasing exports maintained long-standing positive market sentiment. Ultimately, through the third quarter of 2025, the market exhibited strong supply-side fundamentals and a relatively strong consumption vector.

USA: Molybdenum Domestically Traded Prices Del Alabama, USA, Grade- FeMo(Mo-65%min.).

According to PriceWatch, in Q3 2025, the molybdenum price trend in the USA inclined by 3.65% compared to the previous quarter, supported by steady demand from the stainless steel, oil & gas, and aerospace sectors. The moderate increase has been driven by firm global prices and stable downstream consumption, particularly in high-performance alloy manufacturing.

Although domestic supply remained sufficient, limited imports and elevated production costs contributed to the upward pressure. Market sentiment stayed positive as producers maintained controlled output to balance inventories with consistent industrial demand throughout the quarter. Molybdenum prices in the USA inclined by 3.19% in September 2025, mainly driven by steady demand from the energy, aerospace, and industrial manufacturing sectors.

Rising raw material costs and stable downstream consumption supported firmer offers from producers. Additionally, tighter global supply conditions and improved export activity added upward pressure on prices. Overall, the U.S. molybdenum market in Q3 2025 reflected a positive momentum, with optimism for continued firmness heading into Q4.

Netherlands: Molybdenum Domestically Traded prices FD Rotterdam, the Netherlands, Grade- FeMo(Mo-60%min.).

In Q3 2025, the molybdenum price trend in the Netherlands inclined by 2.95% compared to the previous quarter, driven by stable demand from the stainless steel, energy, and engineering sectors. Moderate recovery in industrial activity and steady consumption in alloy manufacturing supported the upward trend. Import prices from major producers such as China and the USA remained firm, adding to the positive price movement.

Additionally, limited regional supply and stable raw material costs contributed to the incline. Overall, the market maintained a cautiously optimistic sentiment, with prices reflecting steady demand and balanced supply conditions throughout the quarter. Molybdenum prices in the Netherlands inclined by 2.11% in September 2025, supported by stable industrial activity and moderate demand from alloy and stainless-steel manufacturers.

Improved sentiment in the European manufacturing sector, along with tighter regional inventories, contributed to the price rise. Additionally, steady import costs and limited supply availability from key exporters helped maintain a firm market tone. Overall, the Netherlands’ molybdenum market in Q3 2025 showed a mild upward trajectory, reflecting balanced supply-demand dynamics.

China: Molybdenum Export prices Ex Shanghai, China, Grade- FeMo(Mo-60%min.).

In Q3 2025, Molybdenum price trend in China saw a sharp increase of 11.27% compared to the previous quarter, driven by strong demand from stainless steel, alloy, and industrial manufacturing. Price increases have also been supported by tight domestic supply conditions and higher raw material costs. Furthermore, increased consumption of high-strength and corrosion-resistant alloys in the steelmaking sector added to upward pressure.

In addition, with limited global availability and firm export demand, market sentiment remained bolstered. The overall market stayed strong, with producers running high-capacity utilization to meet sustained industrial demand throughout the quarter. Molybdenum prices in China rose by 10.30% in September 2025 from the previous month, supported by strong demand from the stainless steel and alloy manufacturing sectors alongside tight domestic supply.

In addition, increased infrastructure investments and overall strong industrial activity supported stronger consumption, while limited imports put additional pressures on supply-demand dynamics. Overall, the molybdenum market in China during Q3 2023 demonstrated a distinctly upward trajectory, reflecting strong market fundamentals and continued optimism heading into Q4 2025.

India: Molybdenum Domestically Traded prices Ex Mumbai, India, Grade- FeMo(Mo-60%min.).

The molybdenum price trend in India showed an increase of 24.06% in Q3 2025, compared to the previous quarter, indicating strong market momentum. The increase has primarily been due to strong demand from the stainless steel, alloy and energy equipment industries and constrained supply in the world market. Increased import costs, reflecting a combination of ongoing strong international prices and limited availability, further contributed to the increase.

Additional consumption related to industrial manufacturing and infrastructure projects supported a positive market sentiment and outlook. Overall, the market remained decidedly positive, with producers and traders sustaining an optimistic outlook in relation to demand and constrained availability. Molybdenum prices in India increased by 4.06% in September 2025, with the increase primarily observed as strong demand started to come from the stainless steel, chemical and metallurgical industries.

Demand supported by industrial manufacturing activity and associated consumption related to infrastructure further supported positive market sentiment. Limited availability of molybdenum imports and strong global prices also contributed to a positive trajectory in the molybdenum markets in India during Q3 2025 and suggested continued growth potential into Q4 2025.

Molybdenum Price Trend Q4 2025

The inventory of molybdenum continues to grow as Q4 2025 provides evidence that this increase has been supported by continued increase in demand and continued strong fundamentals. Continued growth of stainless steel and alloys in China resulted in continued increases in demand for molybdenum; while in India, a slight softness in demand occurred due to slowing domestic steel production.

European manufacturers continued to purchase high-performance materials from the Netherlands, which contributed to higher prices throughout Europe relative to other regions. The USA market has been continuing to experience strong demand for molybdenum products in aerospace, energy and industrial applications. Throughout all of these regional variations negatively affecting price developments, however, the molybdenum market maintained overall bullish sentiment through Q4 2025.

China: Molybdenum Domestic traded prices Ex Shanghai, China; Grade- FeMo(Mo-60%min.)

According to Price-Watchâ„¢ , Compared to Q3, the Molybdenum price trend in China increased by 4.79% in Q4 2025. The increase in prices followed steady demand for molybdenum from stainless steel customers; welding; and industrial manufacturers but at a slower rate than earlier quarters. Continued production of steel, mainly for high-strength and corrosion-resistant alloys, also supported molybdenum consumption, along with stable operating rates among domestic producers helped keep supply balanced.

Nevertheless, cautious procurement activity by downstream buyers; sufficient availability of molybdenum in the spot market; and a general softness in broader economic sentiment limited greater increases during the quarter. Molybdenum prices in China saw a decline of 7.18% in December 2025, reflecting year-end adjustments to inventory levels, decreased purchasing from steel mills and reduced trading activity due to seasonal slowness.

India: Molybdenum Domestic traded prices Ex Mumbai, India; Grade- FeMo(Mo-60%min.)

The Molybdenum price trend in India fell by 2.00% in Q4 2025 compared to Q3, marking a correction following strong gains experienced during the previous quarter. This decline has primarily been caused by weaker demand for molybdenum products from the downstream sectors of stainless steel, alloying, and metallurgy, as well as limited local procurement activity due to tentative year-end purchases and balanced inventories.

Easing international price momentum and improved global supply availability gave reduced levels of import cost pressure, which acted to limit upside price support on the domestic market. While infrastructure and industrial manufacturing continued to be stable, their activity levels have been low enough to render the previous bullish momentum unsustainable.

Prices of molybdenum in India fell by a more dramatic 7.96% in December 2025. The principal factors behind this price decline have been continued weak buying interest, decreasing trading volumes, and the typical year-end slowdown across most industrial sectors. Market participants employed a wait and see attitude and traders adjusted their offer prices to encourage the completion of transactions where inquiries were weak.

USA: Molybdenum Domestic traded prices Del Alabama, USA; Grade- FeMo(Mo-65%min.)

In Q4 2025, molybdenum prices trend in the USA increased by 3.96% compared to Q3, supported by sustained demand from the stainless steel, aerospace, defense, and energy sectors, where consumption of high-performance alloys remained firm despite seasonal fluctuations. The quarterly rise was driven by tight global concentrate availability, disciplined output from major mining operations, and steady downstream procurement, particularly in specialty steel and superalloy manufacturing.

Elevated energy and processing costs, along with balanced domestic supply and improved export inquiries, further strengthened producer pricing power during the quarter. However, in December 2025, Molybdenum prices in the USA recorded a slight decline of 0.36% compared to November, primarily due to year-end inventory adjustments, softer spot purchasing, and temporary demand slowdowns typical of the holiday period. Overall, the U.S. molybdenum market maintained positive momentum throughout Q4, with firm industrial fundamentals offsetting minor seasonal corrections and supporting a stable outlook heading into early 2026.

Netherlands: Domestically Traded Molybdenum FeMo(Mo-65%min.) prices FD Rotterdam, Netherlands

In Q4 2025, molybdenum prices trend in the Netherlands incline by 3.67% compared to Q3, supported by steady demand from the stainless steel, engineering, and energy sectors, along with continued recovery in European manufacturing and infrastructure projects. Tight global supply, including limited concentrate availability and export restrictions from major producers such as China, kept import costs firm and added upward pressure on prices.

Molybdenum prices in the Netherlands increased by 1.05% in December 2025, driven by seasonal restocking, steady industrial activity, tighter regional inventories, and persistent supply constraints. Overall, the Netherlands’ molybdenum market maintained a cautiously optimistic tone, with balanced supply-demand dynamics underpinning a moderate upward trajectory throughout the quarter.

Molybdenum Price Trend Q1 2024

In the first quarter of 2024, the global molybdenum market was shaped by a combination of steady industrial demand and ongoing supply chain adjustments. The Asia-Pacific region, particularly China and India, continued to dominate both production and consumption due to robust steel manufacturing and infrastructure projects. In China, rapid industrialization and government support for manufacturing kept demand strong, while in India, rising investments in construction and manufacturing sustained consumption growth.

In the USA and the Netherlands, market conditions were influenced by stable demand from the automotive and aerospace sectors, but lingering supply chain disruptions and cautious inventory management led to moderate price movements. Overall, the quarter was marked by a balance between demand recovery in Asia and cautious optimism in Western markets. 

The first quarter of 2024 saw Indian molybdenum prices edge down slightly from the previous quarter, declining by 0.27% to USD 29,036/MT. This marginal decrease reflected a period of stability in the market. Demand from core sectors such as steel manufacturing and specialty alloys remained steady, but there was no significant surge in consumption.

Supply chains were functioning smoothly, and there were no major disruptions or shortages. Buyers adopted a cautious approach, purchasing primarily to meet immediate needs rather than speculating on future price hikes. Overall, the sentiment was one of watchful stability, with participants waiting for clearer signals on demand growth. 

 

Molybdenum Price Trend Q2 2024

During the second quarter of 2024, the molybdenum market experienced increased volatility as supply constraints began to ease and demand from steel mills in China and India remained high. China’s manufacturing sector showed signs of growth, supported by government initiatives, which bolstered domestic consumption. India continued to benefit from infrastructure development and policy support for recycling and sustainability, further driving demand.

In the USA, industrial activity picked up modestly, but the market faced headwinds from high input costs and uncertain economic conditions, leading to cautious procurement strategies. The Netherlands, reflecting broader European trends, saw stable demand from specialty metals industries, but was impacted by energy costs and environmental regulations. This quarter was characterized by an uptick in industrial activity in Asia and a cautious but steady outlook in Western markets.

In the second quarter, molybdenum prices in India rose by 4.7% to USD 30402/MT compared to Q1 2024. This price increase was driven by a surge in demand from infrastructure and construction projects, as well as a pickup in the automotive and engineering sectors. The government’s continued investment in infrastructure created a positive outlook, prompting buyers to secure supplies in anticipation of further growth.

Additionally, concerns about potential global supply constraints led to more aggressive procurement strategies. The sentiment during this period was optimistic, with both traders and end-users expecting robust demand to persist. 

Molybdenum Price Trend Q3 2024

The third quarter of 2024 saw continued strength in the Asia-Pacific region, with China and India maintaining their roles as key demand drivers due to ongoing infrastructure and manufacturing expansion. China’s steel industry supported robust molybdenum consumption, while India’s construction sector remained active. However, global supply chains faced intermittent disruptions, leading to localized shortages and increased market sensitivity.

In the USA, the automotive sector showed positive momentum, but the construction industry struggled with high borrowing costs and delayed projects, which tempered overall demand. The Netherlands and other European markets navigated fluctuating energy prices and regulatory pressures, impacting production costs and influencing procurement decisions. The quarter was marked by strong Asian demand and mixed conditions in Western economies. 

The third quarter saw a further, albeit modest, increase in prices by 1.1% to USD 30723/MT. The market remained generally upbeat, buoyed by ongoing infrastructure activity and steady industrial consumption. However, the pace of price growth slowed, indicating the market was reaching a near-term equilibrium.

Buyers became more prudent, as the rapid gains of the previous quarter raised concerns about potential corrections. Inventory levels were healthy, and there was a sense of cautious optimism, with companies closely monitoring both domestic and international market developments. 

Molybdenum Price Trend Q4 2024

Q4 2024, the global molybdenum market experienced a downturn in prices, driven by surplus inventory and shifting demand patterns. In China, high stockpile levels and reduced purchases from steel mills amid falling steel prices resulted in price declines, though slight growth in the manufacturing sector provided some stability. India’s market mirrored regional trends, with demand moderating as infrastructure activity normalized after previous quarters of rapid growth.

The USA saw a notable price drop, particularly in November, as surplus and fluctuating demand weighed on the market, while the automotive industry remained resilient, the construction sector continued to face challenges from elevated borrowing costs and slow real estate activity.

In the Netherlands, and Europe more broadly, environmental regulations and energy costs continued to influence market dynamics, with demand softening in line with broader economic uncertainties. Overall, Q4 2024 was characterized by inventory-driven price corrections and cautious market sentiment, especially in Western economies, while Asia remained the primary centre of consumption and production. 

In the fourth quarter, Indian molybdenum prices declined by 2.4% to USD 29992/MT. This reversal was mainly due to improved supply conditions and a slight cooling in demand as several large infrastructure projects neared completion. The market sentiment turned more cautious, with buyers focusing on managing existing inventories rather than expanding them. There was a general expectation that prices might soften further, prompting many to delay significant purchases. The overall mood was one of restraint, as stakeholders waited for new demand drivers to emerge. 

Technical Specifications of Molybdenum Price Trends

Product Description

Molybdenum is a silvery grey, hard, and tough metal known for its exceptional strength, high melting point (2615°C), and resistance to corrosion and wear. It is primarily used as an alloying element in steel and other metals to enhance strength, hardness, toughness, and resistance to high temperatures and corrosion. About 80% of global molybdenum production is consumed by the steel industry, where it is added to structural steel, stainless steel, tool steel, and cast iron to improve mechanical properties and durability.

Identifiers and Classification:

HS Code – 81021000

Molybdenum Synonyms:

  • Molybdenum (MO)
  • Molybdenum metal
  • Molybdenum element
  • Metallic Molybdenum


Molybdenum Grades Specific Price Assessment:

  • Molybdenum FeMo(Mo-65%min.) Price Trend
  • Molybdenum FeMo(Mo-60%min.) Price Trend


Molybdenum Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 30-35MT
  • Packaging Type (Product & Country Specific): 500kg Steel drum


Incoterms Referenced in Molybdenum Price Reporting

Shipping Term  Location  Definition 
Ex Shanghai  Shanghai, China  Domestically Traded Molybdenum price in China 
Del Alabama  Alabama, USA  Domestically Traded Molybdenum price in USA 
FD Rottterdam  Rottterdam, Netherland  Domestically Traded Molybdenum price in Netherland 
EX-Mumbai  Mumbai, India  Domestically Traded Molybdenum price in India 

*Quotation Terms refers to the quantity range specified for the Molybdenum being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Molybdenum packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Molybdenum Manufacturers

Manufacturer 
Climax Molybdenum 
Elmet Technologies, Inc. 
Shepherd Chemical 
CMOC Group Limited 
Jinduicheng Molybdenum Group Mining Corporation 
Otto Chemie Pvt. Ltd. 
Rotterdam Overseas Network 
Shaanxi Nonferrous Metals Holding Group 

Molybdenum Industrial Applications

molybdenum market share end use

Historically, several events have caused significant fluctuations in Molybdenum prices

  • Global Supply Chain Disruption (2022): The war in Ukraine and other geopolitical tensions disrupted supply chains, leading to price volatility in various commodities, including Molybdenum. 
  • COVID-19 Pandemic (2019-2020): The global pandemic led to a significant decline in demand for Molybdenum-intensive industries, such as steelmaking and automotive manufacturing, causing prices to plummet. 
  • Global Economic Downturn (2019-2020): The global economic slowdown, particularly in sectors like steel and automotive, led to reduced demand for Molybdenum, resulting in lower prices. 


These events underscore the Molybdenum market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics. 

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global molybdenum price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the molybdenum market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence molybdenum prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely molybdenum market data.

Track Price Watch'sâ„¢ molybdenum price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Molybdenum Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

The price of Molybdenum is influenced by several key factors, including:

1. Global Demand

Driven by the steel industry (especially stainless and alloy steel), and use in aerospace, energy, and catalysts. Higher industrial activity increases demand.

2. Supply Constraints

Molybdenum is mostly produced as a byproduct of copper mining. Disruptions in copper mines or low copper production directly affect Mo supply.

3. Mining & Production Costs

Higher energy, labor, and environmental costs can increase the cost of molybdenum, impacting its market price.

4. Geopolitical Events

Export restrictions, sanctions, or political instability in major producing countries (e.g., China, USA, Chile) can influence supply.

5. Exchange Rates

Since molybdenum is priced in USD, fluctuations in the dollar affect international purchasing power and pricing.

6. Freight and Logistics Costs

Transportation costs for shipping raw materials and finished coils.

Availability of containers and shipping routes.

7. Government Regulations and Taxes

Import/export duties, anti-dumping duties, and environmental compliance costs.

Certification requirements (ISO, ASTM) affecting production expenses.

8. Seasonal and Regional Variations

Prices may fluctuate based on regional demand-supply dynamics.

Seasonal demand from industries like construction can cause price hikes.

Commodity prices can have a significant impact on inflation. When commodity prices rise, it can increase the cost of production for businesses, which may pass these costs on to consumers in the form of higher prices. This can lead to inflation, a sustained increase in the general price level of goods and services in an economy.  

PriceWatch, a leading procurement intelligence firm, offers a comprehensive suite of tools and services to help you effectively track Molybdenum prices.

Some of the key benefits of using PriceWatch include:

 Real-time Data: Access to up-to-date market intelligence and data on commodity supply chains.

Expert Analysis: Insights from industry experts to interpret market trends and identify potential risks.

Risk Assessment: Tools to assess supply chain vulnerabilities and develop mitigation strategies.

Benchmarking: Comparisons of Molybdenum plate prices and sourcing practices to optimize procurement decisions.

Supplier Intelligence: Detailed information on suppliers, including their financial health, production capacity, and sustainability practices.

Molybdenum is a silvery-gray transition metal used primarily in steel alloys, superalloys, lubricants, catalysts, and electronics. Its price matters because it directly affects industries such as steel production, aerospace, automotive, oil & gas, and renewable energy. Price-Watchâ„¢ tracks molybdenum prices to help businesses and consumers stay updated with market trends.

Molybdenum prices vary depending on form (molybdenum oxide, ferromolybdenum, pure metal), purity, and market conditions. Prices are typically quoted per metric ton or kilogram and fluctuate due to supply availability, industrial demand, and global economic factors. Price-Watchâ„¢ provides real-time price assessments across different markets to assist buyers and sellers.

Prices fluctuate due to mining output, refining capacity, energy costs, and demand from steel, aerospace, and chemical industries. Trade policies, export controls, and macroeconomic conditions also significantly influence trends.

Major consumers include steel manufacturers, aerospace and defense companies, oil & gas equipment producers, and chemical catalyst manufacturers. Price-Watchâ„¢ analyses demand patterns across all these industries.

Molybdenum is primarily obtained from molybdenite (MoSâ‚‚) ores, often as a byproduct of copper mining. It is refined into molybdenum metal, molybdenum oxide, or ferromolybdenum for industrial applications.

Leading exporters include China, Chile, the United States, Peru, and Russia. Export volumes are influenced by domestic regulations, strategic material policies, and global demand. Price-Watchâ„¢ tracks production levels, export flows, and trade patterns to help businesses navigate global supply chains.

Supply generally meets demand, but disruptions may occur due to limited primary production, export restrictions, or increased demand from high-tech and industrial sectors. Price-Watchâ„¢ monitors these supply-demand imbalances to highlight potential shortages or surpluses.

Grades include molybdenum oxide, ferromolybdenum, pure molybdenum metal, and specialty alloys. Prices vary based on purity, application requirements, and production complexity. Price-Watchâ„¢ provides separate assessments for each grade to ensure market transparency.

When demand rises, for example from steel production or aerospace applications, prices typically increase. Suppliers may prioritize strategic industries, and lead times can extend. Price-Watchâ„¢ captures these market dynamics in real time.

Molybdenum extraction, refining, and alloying are energy-intensive processes. Rising electricity and fuel costs can impact overall production costs. Regions with lower energy costs often have competitive pricing, a correlation that Price-Watchâ„¢ analyses in price reports.

Variations arise from local demand, export controls, shipping costs, currency fluctuations, and government policies. Price-Watchâ„¢ tracks prices across major regions to highlight these differences.

Forecasts consider mining production trends, refining capacity, demand growth in steel, aerospace, and energy, and geopolitical developments. Price-Watchâ„¢ regularly publishes projections for the next 12 months based on supply additions, demand growth, seasonal trends, and market indicators. These forecasts help businesses plan procurement and production strategies.

Yes. Accurate forecasts allow businesses to optimize purchasing strategies, negotiate contracts, and manage inventories effectively. If Price-Watchâ„¢ predicts a price rise, companies may stock up or secure long-term contracts, potentially reducing procurement costs.

Events such as export restrictions, trade tensions, supply chain disruptions, or geopolitical conflicts can significantly affect availability and pricing. Price-Watchâ„¢ provides timely alerts on such market impacts.

Price-Watchâ„¢ collects data from producers, distributors, and end-users worldwide to publish regular price assessments, market reports, and forecasts. Its transparent methodology makes it a trusted source for understanding fair pricing and market trends in the Molybdenum market.

Access Real-Time Molybdenum Price Trends
Access Real-Time Molybdenum Price Trends