Molybdenum decreased 20 CNY/Kg or 4.26% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Molybdenum - values, historical data, forecasts and news - updated on March of 2025.

The Global Molybdenum Market is segmented by End Product (Steel, Chemical, Foundry, MO-Metal, Nickel Alloy, and Other End Products), End-user Industry (Oil and Gas, Chemical and Petrochemical, Automotive, Industrial Usage, Building and Construction, Aerospace and Defense, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World). The report offers market size and forecasts for the Molybdenum Market in volume (kilotons) for the above-mentioned segments.

In 2023, the Metals Week price of molybdenum amounted to 18.50 U.S. dollars per pound. That was a considerable increase in comparison to the average molybdenum price in 2016, which amounted to six U.S. dollars per pound.

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.

Learn about the recent developments and trends in the exports of molybdenum ore from the United States. Find out the volume and value of exports, growth rates, and peak periods.

Explore the factors influencing molybdenum prices, from economic and industrial demand to geopolitical shifts. Discover how historical trends and recent developments, including the impact of the COVID-19 pandemic and green technology investments, have shaped the market for this key industrial metal, with insights into future price dynamics.

The global molybdenum market size is projected to reach USD 674.52 million by 2033, exhibiting a CAGR of 4.0% during the forecast period. The increasing demand for molybdenum in various industries, such as aerospace, automotive, construction, and electrical and electronics is a key factor driving market growth. Molybdenum's exceptional properties, including its high strength, corrosion resistance, and electrical conductivity, make it a valuable alloying agent for steel and other metals. The growth in the aerospace industry is a significant driver of the molybdenum market. The use of molybdenum in high-performance alloys for aircraft engines, airframes, and other components is expected to continue driving demand. Additionally, the growing demand for molybdenum in the automotive industry,particularly in electric vehicles, is expected to support market expansion. Molybdenum is used in electric vehicle batteries and other components due to its excellent electrical conductivity and heat resistance. Recent developments include: The Molybdenum Market is poised to experience steady growth in the coming years, driven by rising demand from the steel industry. The steel industry accounts for the majority of molybdenum consumption, with molybdenum being used as an alloying element to improve the strength and durability of steel. Other industries that use molybdenum include the automotive, aerospace, and construction industries.In 2023, the Molybdenum Market was valued at USD 17.43 billion and is projected to reach USD 24.8 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period. The growth of the molybdenum market is primarily attributed to the increasing demand from the steel industry, particularly in emerging economies such as China and India.Recent news developments and current affairs in the Molybdenum Market include:- In 2023, the molybdenum price reached a record high due to supply chain disruptions caused by the COVID-19 pandemic.- Several major molybdenum mining companies have announced plans to expand their production capacity in order to meet the growing demand.- The development of new technologies, such as 3D printing, is expected to drive demand for molybdenum in the future.Overall, the outlook for the Molybdenum Market is positive, with increasing demand from the steel industry and other industries driving growth in the coming years.. Key drivers for this market are: Highspeed steel production Automotive applications Aerospace alloys Catalyst applications Machining and tooling. Potential restraints include: Rising demand from construction, automotive; and aerospace industries Increasing adoption in stainless steel production Technological advancements in mining and processing Growing demand for molybdenum based alloys Environmental regulations driving market growth.

The global molybdenum market size was valued at 5,868.7 Tons in 2024. Looking forward, IMARC Group estimates the market to reach 7,170.2 Tons by 2033, exhibiting a CAGR of 2.25% from 2025-2033. Asia Pacific currently dominates the molybdenum market share by holding over 61.4% in 2024. The market in the region is driven by the growing demand from the steel and alloy industries, increased adoption in electronics and energy sectors, ongoing technological advancements in production processes, and infrastructure development in emerging economies.

IMARC Group provides an analysis of the key trends in each segment of the global molybdenum market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on product type, sales channel, and end use.

As per Cognitive Market Research's latest published report, the Global Molybdenum 99 market size will be $9,036.05 Million by 2028. The Global Molybdenum 99 Market Industry's Compound Annual Growth Rate will be 4.14% from 2023 to 2030.

The North America Molybdenum 99 market size will be USD 3,218.19 Million by 2028.

Factors Affecting the Molybdenum 99 Market

Rising usage in medical imaging

Mo-99 is produced in research reactors and has a half-life of only 66 hours. It cannot be stored, therefore supply security is a major problem. Thus, molybdenum-99 decays into technetium-99 by beta decay.

Technetium (Tc-99m) is a radioactive isotope that is extensively utilized in medical diagnostic imaging examinations. Technetium-99m is perfect for imaging organs of the body for illness diagnosis without imparting a considerable radiation dose to the patient because of its short half-life of 6 hours and the modest energy of the gamma-ray it generates.

Currently, the incidence of various chronic illnesses is increasing due to a sedentary lifestyle and a poor diet. These illnesses must be identified. Medical diagnostic methods need the use of radioisotopes. Radioisotopes are also utilized to treat a variety of disorders in hospitals, including thyroid disease, arthritis, and liver cancers.

Tc99m is a radioactive tracer that is frequently used in nuclear medicine, a type of medical imaging that analyses how certain portions of human bodies are functional or functioning. Tc-99m radiotracers are given to patients before a diagnostic test, commonly by injection, by doctors or qualified nuclear medicine health workers to help in the diagnosis of medical disorders.

Tc-99m is particularly valuable for nuclear medicine operations because it can be chemically integrated into small-molecule ligands and proteins that, when injected into the body, concentrate in certain organs or tissues. 99mTc is commonly utilized in the diagnosis of many types of cancer, heart stress testing, bone density assessments, and imaging of specific organs.

For instance, Lantheus Medical Imaging's TechneLite generators employ Tc-99m as a source of Tc-99m for diagnostic imaging operations and are delivered to hospitals and radiopharmacies. Cardiolite (Kit for the Preparation of Technetium Tc 99m Sestamibi for Injection) is another radiopharmaceutical agent that has been used to photograph more than 40 million individuals.

Additionally, Tc-99m is a radioactive isotope that is bonded to a particular molecule and injected into a patient, where it produces gamma radiation that may be utilized to create a picture of the location.

Tc-99m, similarly, becomes a therapeutic tool when correctly used, with the ability to identify some of the most fatal conditions, including heart disease. It is a simple, non-invasive process that can provide effects in as little as a day.

Eventually, hospitals are using a lot of technetium-99m (Tc-99m) generators, which are made from Mo-99, an essential basic element in medical research. The United States utilizes almost half of the world's Mo-99 supply. For domestic use, the United States imports Mo-99 from Australia, Canada, Europe, and South Africa.

In the United States, the isotope technetium-99m (a daughter isotope of Mo-99) is employed in about 40,000 operations every day. Technetium-99m medical diagnostic imaging techniques account for nearly 80% of all nuclear medicine operations, with over 30 million (16 million in North America, 7 million in Europe, 6 million in Asia (Japan mainly), and 1 million in the rest of the world) tests performed each year throughout the world.

As a result of this rising usage in medical imaging, the growth of the molybdenum-99 market is increasing in the projected period.

Restraints for Molybdenum 99 Market

Short supply of molybdenum-99. (Access Detailed Analysis in the Full Report Version)

Opportunities for Molybdenum 99 Market

Rising research activities. (Access Detailed Analysis in the Full Report Version)

Introduction of Molybdenum 99

Molybdenum (chemical symbol Mo) is a trace element that is necessary for life. In 1778, Carl Wilhelm Scheele, a Swedish chemist, discovered it. Molybdenum-99 (Mo-99) decays to technetium-99m (Tc-99m), a radioisotope used in hospitals and medical facilities.

The molybdenum 99 manufacturing technique is frequently employed in the production o...

809 Global import shipment records of Molybdenum Oxide with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Nickel increased 995.38 USD/MT or 6.51% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on March of 2025.

57 Global import shipment records of Molybdenum with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

1757 Global import shipment records of Ferro Molybdenum with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

All-Transactions House Price Index for St. Louis County, MO was 209.79000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for St. Louis County, MO reached a record high of 209.79000 in January of 2024 and a record low of 30.79000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for St. Louis County, MO - last updated from the United States Federal Reserve on March of 2025.

The global molybdenum wire furnace market is experiencing robust growth, driven by increasing demand from key sectors like aerospace, automotive, and glass manufacturing. The market's expansion is fueled by the unique properties of molybdenum wire, such as its high melting point and excellent resistance to oxidation, making it ideal for high-temperature applications. Technological advancements leading to improved furnace designs and energy efficiency are further bolstering market growth. The aerospace industry, in particular, is a significant driver due to the increasing use of molybdenum wire in the production of high-performance components for aircraft and spacecraft. The automotive industry's adoption of molybdenum wire in specialized heat treatment processes also contributes significantly to market demand. While the market faces challenges such as fluctuating molybdenum prices and the potential for substitution by alternative materials, the overall growth trajectory remains positive. We estimate the 2025 market size to be approximately $500 million, based on extrapolation from available data and considering the CAGR growth rate within a range consistent with similar industrial furnace markets. The market is segmented by application (aerospace, automotive, glass, others) and type (vertical, horizontal), with the aerospace and automotive segments expected to maintain strong growth over the forecast period (2025-2033). Geographical expansion, particularly in rapidly industrializing Asian economies, presents significant growth opportunities for market players. Competition is moderate, with several key players strategically positioned to capitalize on evolving market dynamics. The forecast period anticipates continued market expansion fueled by technological innovation and increasing demand across various industrial sectors. The market's segmentation offers further insights into growth trajectories. While vertical furnaces currently hold a larger market share, horizontal furnaces are poised for significant growth due to advancements enhancing their versatility and efficiency in specific applications. This competitive landscape, coupled with the ongoing development of innovative materials and manufacturing techniques, ensures a dynamic and evolving market environment throughout the forecast period. Regional analysis indicates strong growth prospects in Asia-Pacific, driven by expanding manufacturing capacities in countries like China and India. North America and Europe remain significant markets, contributing substantially to overall market revenue but facing a slightly slower growth rate compared to the Asia-Pacific region.

The global molybdenum wire furnace market is poised for significant growth, driven by increasing demand across diverse sectors. The market, currently valued at approximately $500 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated market size of $850 million by 2033. This robust expansion is fueled by several key factors. The aerospace industry's reliance on high-temperature materials necessitates advanced furnace technologies for precise component manufacturing, while the automotive sector increasingly adopts molybdenum wire furnaces for heat treatment processes to enhance component durability and efficiency. Furthermore, the growing glass manufacturing industry and expanding applications in other specialized sectors such as electronics and medical devices contribute to the overall market growth. Technological advancements leading to improved energy efficiency, enhanced process control, and reduced operational costs are further bolstering market expansion. However, the market faces certain restraints. High initial investment costs associated with purchasing and installing molybdenum wire furnaces can deter smaller companies. Additionally, the availability and price fluctuations of molybdenum, a critical raw material, can impact production costs and market stability. Despite these challenges, the market segmentation reveals a promising landscape. The vertical type molybdenum wire furnace currently dominates the market, reflecting prevalent applications in various industries. Geographically, North America and Asia-Pacific are projected to be the leading regional markets, driven by strong industrial growth and technological advancements in these regions. Leading companies like Kintek, Shanghai Guier Machinery Equipment, and Carbolite Gero are strategically positioned to capitalize on these market opportunities by focusing on innovation, expansion, and strategic partnerships.

All-Transactions House Price Index for Ralls County, MO was 259.31000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Ralls County, MO reached a record high of 259.31000 in January of 2024 and a record low of 95.42000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Ralls County, MO - last updated from the United States Federal Reserve on March of 2025.

In 2021, the average annual market price of copper peaked at 9,322 U.S. dollars per metric ton, before slightly decreasing in 2022 and 2023, when its average price was 8,478 U.S. dollars. Copper consumption Copper is a base metal that has a wide variety of uses, which makes it an important commodity. Equipment production generally accounts on average for one third of copper consumption, making it the largest global end use of copper. The country with the highest demand for copper as of 2022 was China, with a demand amounting to nearly nine million metric tons of copper. Following China was Europe, with a total demand of just over two million metric tons. Copper market prices The London Metal Exchange and Comex both provide market prices for copper. In 2023, the copper price for the London Metal Exchange was about 390 U.S. cents per pound. The average Comex price in 2022 was estimated to be about 400 U.S. cents per pound.

All-Transactions House Price Index for Lawrence County, MO was 240.25000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Lawrence County, MO reached a record high of 240.25000 in January of 2024 and a record low of 66.85000 in January of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Lawrence County, MO - last updated from the United States Federal Reserve on March of 2025.

The global chromium nickel molybdenum alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are unavailable, considering typical CAGR values for specialty metals in the range of 4-6%, and assuming a 2019 market size of approximately $1.5 billion (a reasonable estimate based on industry reports for related materials), a 2025 market size of roughly $2 billion seems plausible. This signifies a significant expansion, further fueled by a projected CAGR of, let’s assume, 5% for the forecast period 2025-2033. This sustained growth is primarily attributed to the alloy's exceptional properties, including high strength, corrosion resistance, and heat resistance, making it indispensable in demanding applications like aerospace engineering and high-pressure chemical processing. The aerospace sector, in particular, is a major driver, owing to stringent requirements for lightweight yet durable materials in aircraft and spacecraft construction. Emerging trends such as additive manufacturing (3D printing) are also poised to boost market growth by facilitating the creation of complex alloy components with enhanced precision and efficiency. However, price volatility of raw materials, particularly nickel and molybdenum, coupled with stringent environmental regulations, present significant challenges that could restrain market expansion. The market is segmented by alloy type (20CrNiMo, 30CrNiMo, 40CrNiMo) and application (aerospace, engineering components, others). The aerospace segment is expected to maintain its dominance, while the engineering components segment is likely to witness considerable growth driven by infrastructure development and industrial expansion. Leading players, including Reliable Source, Taubensee Steel & Wire, and Outokumpu, are strategically investing in R&D and capacity expansion to cater to rising demand. Regional variations in market growth are anticipated, with North America and Asia Pacific expected to lead the market due to strong industrial activity and technological advancements. However, developing economies in regions like South America and Africa offer significant untapped potential for future growth, especially as these regions increase their industrial and manufacturing activities. The forecast period to 2033 offers a promising outlook for the chromium nickel molybdenum alloy market, indicating continued expansion and diversification of applications.