Molybdenum traded flat at 455.50 CNY/Kg on November 28, 2025. Over the past month, Molybdenum's price has fallen 8.99%, and is down 4.11% compared to the same time last year, 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 December of 2025.

View monthly updates and historical trends for Molybdenum Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

The Molybdenum Market Report is Segmented by End Product (Steel, Chemical, Foundry, and More), Product Form (Molybdenum Concentrates, Roasted Molybdenum, Ferromolybdenum, and More), End-Use Industry (Oil & Gas, Chemical & Petrochemical, Automotive, Industrial, Building & Construction, and More), and Geography (Asia-Pacific, North America, Europe, Rest of the World). The Market Forecasts are Provided in Terms of Volume (Tons).

The molybdenum market worldwide is expected to grow steadily, with an estimated value of USD 346.3 billion in 2025, which is expected to reach around USD 548 billion by 2035, increasing at a CAGR of approximately 4.7%.

Market Metrics

Metrics	Values
Industry Size (2025E)	USD 346.3 billion
Industry Value (2035F)	USD 548 billion
CAGR (2025 to 2035)	4.7%

Country Wise Analysis

Country	CAGR (2025 - 2035 )
USA	5.3%
Uk	4.6%
France	4.2%
Germany	4.8%
Italy	4.1%
South Korea	5 %
Japan	4.4%
China	6.5%
Australia	4.7%
New Zealand	3.9%

Competitive Outlook

Company Name	Market Share (%)
Freeport-McMoRan Inc.	20-24%
Grupo México, S.A.B. de C.V.	16-20%
China Co., Ltd.	12-16%
Antofagasta plc	10-14%
Thompson Creek Metals Company Inc.	8-12%
Others (combined)	30-40%

In 2024, the Indian ferro-molybdenum market decreased by -38.4% to $65M, falling for the second year in a row after three years of growth. In general, consumption showed a perceptible slump. Over the period under review, the market hit record highs at $109M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Molybdenum (Mo) Market size is anticipated to reach around USD 6.70 billion by 2030, also estimated to grow at a CAGR of around 3.92% by 2025-2030.

The molybdenum market attained a value of USD 4.71 Billion in 2024. The industry is expected to grow at a CAGR of 5.30% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 7.89 Billion.

The influx of stricter environmental policies across the globe are impacting the molybdenum market outlook for pollution control and cleaner production processes. Across the United States and Europe, regulations limiting nitrogen oxide emissions are driving the need for molybdenum-based catalysts in chemical and refining plants. For instance, in November 2024, Syamcat introduced an iron–molybdenum catalyst to facilitate efficient methanol-to-formaldehyde conversion. The global push towards circular economy principles is further promoting the recycling of molybdenum-containing scrap whilst reducing the environmental impacts.

Governments worldwide are recognizing molybdenum as a critical mineral for national security given its use in defense alloys and energy infrastructure. The United States Department of Defense and European Union are prioritizing molybdenum in strategic stockpiling efforts to mitigate supply risks amid geopolitical uncertainties. This trend is encouraging investments in mining and processing facilities within politically stable regions, further influencing global market flows as well as long-term supply security.

Molybdenum compounds, mainly molybdenum disulfide, are serving as key catalysts in refining petroleum and petrochemicals. Hydrodesulfurization catalysts limit sulfur content in fuels for matching the stricter environmental regulations globally. The introduction of the Global Strategy is urging countries to reach low sulfur fuels by up to 50 ppm by 2025, favoring the molybdenum industry. This trend is driving the growth in refining capacities in emerging countries. Moreover, molybdenum-based catalysts are increasingly applied in green chemical processes for enhancing their strategic importance in sustainable industry practices.

After three years of growth, the Japanese molybdenum market decreased by -20.2% to $18M in 2024. Over the period under review, consumption, however, posted a strong expansion. Molybdenum consumption peaked at $23M in 2023, and then fell rapidly in the following year.

Learn about the expected growth in the Northern American ferro-molybdenum market over the next decade, driven by increasing demand. Market performance is projected to expand with a CAGR of +2.0%, reaching 11K tons in volume and $327M in value by 2035.

The global molybdenum market size is expected to increase over the forecasted period. the report includes analysis of the market size, share, prices as well as the demand.

The molybdenum market, currently valued at approximately $X billion (assuming a reasonable market size based on a 4%+ CAGR and considering similar metals' market values), is experiencing robust growth, projected to exceed a CAGR of 4% from 2025 to 2033. This expansion is driven primarily by increasing demand from the steel industry, particularly in high-strength low-alloy (HSLA) steels used in construction, automotive, and infrastructure projects. Furthermore, the burgeoning renewable energy sector, specifically in wind turbine manufacturing where molybdenum's high strength-to-weight ratio is crucial, is significantly boosting market demand. Technological advancements in molybdenum processing and the emergence of new applications in catalysts, lubricants, and electronics are also contributing factors. However, the market faces certain restraints. Fluctuations in raw material prices, geopolitical instability impacting mining operations, and environmental regulations regarding mining and processing activities present challenges. Competition among major players like Freeport-McMoRan, Rio Tinto, and Codelco, along with emerging Chinese producers, influences market dynamics and pricing. Segment-wise analysis reveals significant growth opportunities in specialized molybdenum products, catering to niche applications and increasing premium pricing, offsetting some of the challenges faced by the commodity market. Successful navigation of these challenges will rely on strategic partnerships, technological innovations, and sustainable mining practices. Recent developments include: June 2022: Kennecott Exploration (KEX), a partner of Alderan Resources in the Frisco copper project in Utah, drilled for copper and molybdenum on the Copper Gulch potential. A Rio Tinto subsidiary, KEX, invested USD 30 million and has the right to 10-year exploration, giving it 70% ownership in Frisco.. Key drivers for this market are: Increasing Steel Production in the Asia-Pacific Region, Growing Demand from the Energy Sector. Potential restraints include: Increasing Steel Production in the Asia-Pacific Region, Growing Demand from the Energy Sector. Notable trends are: Increasing Demand from the Aerospace and Defense Industry.

The EU molybdenum market shrank rapidly to $57M in 2024, waning by -21.5% against the previous year. Over the period under review, consumption, however, posted a moderate expansion. As a result, consumption reached the peak level of $113M. From 2015 to 2024, the growth of the market remained at a lower figure.

Discover the latest insights into the booming Roasted Molybdenum Concentrate market. Explore market size, CAGR, regional trends, and key players shaping this dynamic industry. Our comprehensive analysis projects significant growth through 2033, driven by burgeoning steel production and infrastructure development.

Molybdenum Market Outlook

According to our latest research, the Global Molybdenum market size was valued at $7.2 billion in 2024 and is projected to reach $11.3 billion by 2033, expanding at a CAGR of 5.1% during 2024–2033. The primary growth driver for the molybdenum market globally is the surging demand for high-strength steel across end-use industries such as construction, automotive, and energy. Molybdenum’s unique properties, including its high melting point, corrosion resistance, and ability to enhance alloy strength, make it indispensable for manufacturing advanced materials. As infrastructure investments accelerate globally and industries increasingly prioritize durability and performance, the role of molybdenum in modern industrial applications continues to expand, underpinning robust market growth through the forecast period.

Regional Outlook

Asia Pacific currently commands the largest share of the global molybdenum market, accounting for over 45% of the total market value in 2024. This dominance is attributed to the region’s well-established steel manufacturing sector, rapid urbanization, and significant investments in infrastructure projects, particularly in China and India. China, being the world’s largest steel producer and consumer, drives substantial molybdenum demand, leveraging it for both domestic consumption and export-oriented manufacturing. In addition, favorable government policies supporting industrialization and technological advancements in steel and alloy production further bolster the region’s market position. The presence of leading global manufacturers, coupled with a mature supply chain network, ensures consistent supply and competitive pricing, reinforcing Asia Pacific’s leadership in the molybdenum landscape.

The North American molybdenum market is projected to be the fastest-growing region, with a forecasted CAGR of 6.2% from 2024 to 2033. This rapid growth is primarily fueled by increased investments in the energy sector, particularly in oil and gas exploration, power generation, and renewable energy infrastructure. The United States, with its robust aerospace and defense industries, also contributes significantly to regional demand for high-performance molybdenum alloys. Additionally, stringent regulatory standards concerning material performance and safety in critical applications are driving the adoption of molybdenum-based products. Ongoing research and development activities, coupled with strategic collaborations between industry leaders and research institutions, are further enhancing the region’s market potential, attracting new investments and fostering innovation in product development.

Emerging economies in Latin America and the Middle East & Africa are gradually increasing their footprint in the global molybdenum market, though their share remains comparatively modest. These regions are witnessing growing adoption of molybdenum in construction and energy projects, driven by urbanization and evolving industrial policies. However, challenges such as limited domestic production capabilities, fluctuating raw material prices, and inconsistent regulatory frameworks hinder market expansion. Localized demand is often influenced by infrastructure development cycles and government incentives for industrial growth. To overcome these barriers, several countries are focusing on enhancing mining capacities, improving logistics, and fostering international partnerships to secure a stable supply of molybdenum and related products, thereby paving the way for future market growth.

Report Scope

Attributes	Details
Report Title	Molybdenum Market Research Report 2033
By Product Type	Molybdenum Metal, Molybdenum Alloys, Molybdenum Compounds
By Application	Steel Manufacturing, Chemical & Petrochemical, Electronics, Automotive, Aerospace & Defense, Energy, Others
By End-Use Industry	Construction, Automotive, Oil &am

Discover the lucrative opportunities and challenges within the booming molybdenum market. This comprehensive analysis reveals projected growth, key drivers, regional trends, and leading companies shaping the future of this essential metal from 2025-2033. Explore CAGR projections and market segmentation data to inform your strategic decisions.

The Molybdenum Market size to reach $ 6,791.95 Million at 2.9% CAGR by 2031 from $ 5,300.00 Million in 2022, with an estimated valuation of $ 5,422.59 Million in 2023.

In 2024, the Pakistani molybdenum market was finally on the rise to reach $250K for the first time since 2021, thus ending a two-year declining trend. In general, consumption posted strong growth. Molybdenum consumption peaked at $365K in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The global pure molybdenum plate market is experiencing robust growth, driven by increasing demand from 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 value of $800 million by 2033. This expansion is primarily fueled by the burgeoning aerospace and defense industries, which rely heavily on molybdenum's high strength-to-weight ratio and resistance to high temperatures for crucial components like aircraft parts and missile systems. Furthermore, the growing electronics sector, particularly in the manufacturing of high-performance semiconductors and medical imaging equipment, contributes significantly to market demand. The automotive industry's adoption of advanced materials for enhanced fuel efficiency and durability further boosts the market's growth trajectory. Key players like Plansee SE, Molymet, and H.C. Starck are leading the innovation efforts in developing high-purity molybdenum plates tailored to specific application needs. Despite the positive outlook, certain challenges hinder market growth. Fluctuations in molybdenum prices due to supply chain constraints and geopolitical factors pose a risk to market stability. Technological advancements are continually improving the properties of competing materials, creating potential substitutes for molybdenum plates in certain niche applications. Moreover, stringent environmental regulations concerning molybdenum mining and processing add complexity to the industry, influencing production costs. Nevertheless, the ongoing investments in research and development aimed at improving molybdenum extraction techniques and broadening its applications suggest a resilient and expansive future for the pure molybdenum plate market, with sustained growth expected throughout the forecast period.

The size of the Molybdenum Market market was valued at USD 674.52 Million in 2024 and is projected to reach USD 887.62 Million by 2033, with an expected CAGR of 4.0% during the forecast period. 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.

Discover the booming Roasted Molybdenum Concentrate market! Explore its projected $2-3 billion valuation in 2025, 4-6% CAGR, key drivers, trends, and leading companies like Climax Molybdenum and China Molybdenum. Learn about regional market share and future growth potential in this comprehensive market analysis.