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.

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.

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.

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.

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.

In 2023, after three years of growth, there was significant decline in the Indian ferro-molybdenum market, when its value decreased by -9.9% to $98M. Overall, consumption, however, saw a relatively flat trend pattern. Ferro-molybdenum consumption peaked at $109M in 2022, and then shrank in the following year.

Explore the 2023 molybdenum market trends influenced by supply chain disruptions, industrial demand shifts, and geopolitical tensions. Learn how these factors create price volatility and impact the metal's role in steel production and renewable energy technologies.

Discover the Global Molybdenum Market's growth trajectory, valued at USD 5.32 billion in 2023, and expected to reach USD 6.70 billion by 2030 at a CAGR of 3.92%. Explore key trends, drivers, and regional insights in our comprehensive market report.

In the third quarter (Q3) of 2024, the global price of molybdenum amounted to more than 44,000 U.S. dollars per metric ton. Between Q4 2022 and Q3 2024, the highest price of molybdenum worldwide was in Q1 2023, when it reached approximately 70,639 U.S. dollars per metric ton.

China Molybdenum reported 10.11 in PE Price to Earnings for its fiscal quarter ending in September of 2024. Data for China Molybdenum | 603993 - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The global molybdenum strip market is experiencing robust growth, driven by increasing demand from key application sectors like stainless steel, superalloys, and high-speed steel manufacturing. The market size in 2025 is estimated at $500 million, demonstrating significant expansion. This growth is fueled by advancements in materials science, leading to wider adoption of molybdenum strips in high-performance applications demanding superior strength, corrosion resistance, and high-temperature stability. Furthermore, the expanding automotive, aerospace, and energy sectors are contributing significantly to this market expansion, driving the need for specialized materials like molybdenum strips. Stringent regulatory standards regarding emissions and material efficiency are also influencing manufacturers to adopt molybdenum strips as a sustainable and high-performance alternative. While the market demonstrates strong growth potential, certain challenges exist. Fluctuations in molybdenum prices, primarily influenced by global supply chains and mining activities, represent a significant restraint. Competition from alternative materials, coupled with the relatively high cost of molybdenum strips, also influences market dynamics. However, ongoing research and development focused on improving manufacturing processes and exploring new applications promise to mitigate these restraints. Assuming a conservative Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, the market is projected to reach approximately $890 million by 2033, reflecting substantial market potential. This projection considers the aforementioned drivers, restraints and prevailing market trends in the molybdenum strip sector. This report provides an in-depth analysis of the global molybdenum strip market, a critical component in diverse high-performance applications. We project a market value exceeding $2 billion by 2028, driven by robust demand from key sectors. This detailed study covers production, consumption, pricing trends, competitive landscape, and future growth projections, providing valuable insights for industry stakeholders, investors, and researchers.

The molybdenum market size is projected to be valued at US$ 316.0 Billion in 2023 and is expected to rise to US$ 500 Billion by 2033. The sales of molybdenum are expected to grow at a significant CAGR of 4.7% during the forecast period.

Attributes	Details
Molybdenum Market CAGR	4.7%
Molybdenum Market Valuation (2023)	US$ 316 Billion
Molybdenum Market Valuation (2033)	US$ 500 Billion

Country-wise Analysis

China Market Size (US$ million/Billion) by End of Forecast Period (2033)	US$ 35.9 Billion
China Market Absolute Dollar Growth (US$ million/Billion)	US$ 11.9 Billion
CAGR % 2017 to 2022	7.7%
CAGR % 2023 to End of Forecast (2033)	4.1%

Japan Market Size (US$ million/Billion) by End of Forecast Period (2033)	US$ 29.3 Billion
Japan Market Absolute Dollar Growth (US$ million/Billion)	US$ 8.0 Billion
CAGR % 2017 to 2022	14.2%
CAGR % 2023 to End of Forecast (2033)	12.5%

United States Market Size (US$ million/Billion) by End of Forecast Period (2033)	US$ 177.1 Billion
United States Market Absolute Dollar Growth (US$ million/Billion)	US$ 63.0 Billion
CAGR % 2017 to 2022	8.1%
CAGR % 2023 to End of Forecast (2033)	4.5%

United Kingdom Market Size (US$ million/Billion) by End of Forecast Period (2033)	US$ 21.0 Billion
United Kingdom Market Absolute Dollar Growth (US$ million/Billion)	US$ 6.5 Billion
CAGR % 2017 to 2022	7.1%
CAGR % 2023 to End of Forecast (2033)	3.8%

Molybdenum Market - Category-wise Insights

Top Application	Stainless Steel
CAGR % 2017 to 2022	8.0%
CAGR % 2023 to End of Forecast (2033)	4.2%

Top End Use industry	Chemicals and Petrochemicals
CAGR % 2017 to 2022	7.5%
CAGR % 2023 to End of Forecast (2033)	4.0%

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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	5,868.7 Tons
Market Forecast in 2033	7,170.2 Tons
Market Growth Rate (2025-2033)	2.25%

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.

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.

In 2024, the Pakistani molybdenum market increased by 57% to $250K for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed a resilient expansion. Molybdenum consumption peaked at $365K in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

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.

China Molybdenum reported CNY140.97B in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for China Molybdenum | 603993 - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

For the third year in a row, the global ferro-molybdenum market recorded growth in sales value, which increased by 5.1% to $5.9B in 2023. The market value increased at an average annual rate of +3.0% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Graph and download economic data for All-Transactions House Price Index for Henry County, MO (ATNHPIUS29083A) from 1992 to 2023 about Henry County, MO; MO; HPI; housing; price index; indexes; price; and USA.

China Molybdenum reported CNY2.86B in Net Income for its fiscal quarter ending in September of 2024. Data for China Molybdenum | 603993 - Net Income including historical, tables and charts were last updated by Trading Economics this last March in 2025.