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.

In 2023, the Metals Week price of molybdenum amounted to ***** 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.

Monthly and long-term molybdenum price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

In Q3 2025, USA, the Ferro-molybdenum Price Index rose by 4.46% quarter-over-quarter, driven by tariffs policy. Check detailed insights for Europe and APAC.

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).

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.

In 2023, purchases abroad of molybdenum was finally on the rise to reach 238 tons after two years of decline.

Chile Average Price: Molybdenum data was reported at 12.163 USD/lb in Dec 2018. This records an increase from the previous number of 12.002 USD/lb for Nov 2018. Chile Average Price: Molybdenum data is updated monthly, averaging 4.655 USD/lb from Jan 1979 (Median) to Dec 2018, with 480 observations. The data reached an all-time high of 36.625 USD/lb in May 2005 and a record low of 1.880 USD/lb in Dec 1992. Chile Average Price: Molybdenum data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Metal Prices.

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.

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.

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.

In February 2023, the molybdenum ore price stood at $27,803 per ton (FOB, Canada), with an increase of 33% against the previous month.

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%

China Molybdenum reported CNY92.81B in Current Assets for its fiscal quarter ending in September of 2025. Data for China Molybdenum | 603993 - Current Assets including historical, tables and charts were last updated by Trading Economics this last December in 2025.

China Molybdenum reported CNY59.26B in Current Liabilities for its fiscal quarter ending in September of 2025. Data for China Molybdenum | 603993 - Current Liabilities including historical, tables and charts were last updated by Trading Economics this last December in 2025.

In 2025, the global Mo-99 market is projected to reach approximately USD 5.17 billion, with expectations to grow to around USD 7.74 billion by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period.

Metric	Value
Market Size in 2025	USD 5.17 billion
Projected Market Size in 2035	USD 7.74 billion
CAGR (2025 to 2035)	4.6%

Analyzing Molybdenum-99 Market by Top Investment Segments

Isotopic Application	Market Share (2025)
SPECT Imaging	80%

End User	CAGR (2025 to 2035)
Hospitals	4.8%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	4.9%

Country	CAGR (2025 to 2035)
UK	4.4%

Region	CAGR (2025 to 2035)
EU	4.3%

Country	CAGR (2025 to 2035)
Japan	4.6%

Country	CAGR (2025 to 2035)
South Korea	4.5%

Price-To-Tangible-Book-Ratio Time Series for China Molybdenum Co Ltd Class A. CMOC Group Limited, together with its subsidiaries, engages in the mining, beneficiation, smelting, and refining of base and rare metals in China, the Netherlands, Korea, Taiwan, Belgium, Bulgaria, Finland, France, Germany, Greece, Italy, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United States, Canada, Brazil, Mexico, South Africa, Australia, Japan, the United Kingdom, Singapore, Chile, Malaysia, Thailand, and internationally. It operates in five segments: Molybdenum, Tungsten and Related Products; Niobium, Phosphorus and Related Products; Copper, Cobalt and Related Products; Metal Trading; and Others. The company offers copper, cobalt, molybdenum, tungsten, and niobium; and phosphate fertilizer. It also engages in the trading in base metals, and molybdenum and tungstenic products; selection, processing, refining, and sale of mineral products; import and export of goods and technology; consulting; asset and investment management; enterprise operation and management; technology services; logistics transportation; technical services and software development; and hotel operation activities. The company was formerly known as China Molybdenum Co., Ltd. and changed its name to CMOC Group Limited in June 2022. CMOC Group Limited was founded in 1969 and is based in Luoyang, the People's Republic of China.

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.

Key Dynamics of

Molybdenum 99 Market

Key Drivers of

Molybdenum 99 Market

Increasing Demand for Diagnostic Nuclear Medicine: Molybdenum-99 (Mo-99) serves as the parent isotope for Technetium-99m, which is utilized in more than 80% of nuclear medicine diagnostic procedures, encompassing cardiac, bone, and cancer imaging. The worldwide rise in chronic illnesses and the aging demographic is propelling the demand for Mo-99 to facilitate early, non-invasive medical diagnoses.

Government Initiatives to Enhance Domestic Supply: Numerous nations, particularly the United States and Canada, are investing in initiatives aimed at decreasing dependence on foreign sources of Mo-99 and bolstering domestic production. Collaborations between public and private sectors, along with reactor modernization efforts, are improving the security of isotope supply and fostering local manufacturing capabilities.

Progress in Non-HEU Production Techniques: The transition towards the production of Mo-99 utilizing low-enriched uranium (LEU) or alternative technologies, such as accelerators, aligns with regulatory requirements and global non-proliferation objectives. These cleaner and safer production techniques are fostering long-term investments and innovation within the Mo-99 supply chain.

Key Restraints for

Molybdenum 99 Market

Short Half-Life and Complicated Logistics: Mo-99 possesses a brief half-life of approximately 66 hours, necessitating swift production, transportation, and utilization. The time-sensitive nature of its supply chain presents significant distribution challenges, especially across international borders, and restricts storage options at medical facilities.

Limited Global Production Facilities: Currently, only a limited number of nuclear reactors around the globe are capable of producing Mo-99, resulting in supply vulnerabilities. Any outages or maintenance at a major facility can lead to worldwide shortages, impacting diagnostic procedures and hospital operations.

High Costs of Infrastructure and Regulatory Compliance: Establishing or upgrading Mo-99 production facilities demands substantial capital investment and rigorous adherence to nuclear safety regulations. This situation restricts entry for new market participants and may hinder the expansion of regional production capacity in underserved areas.

Key Trends in

Molybdenum 99 Market

Shift Towards Accelerator-Based and Non-Reactor Technologies: Innovators are creating methods for the production of Mo-99 and Tc-99m that utilize cyclotron and linear accelerator technologies, thereby decreasing dependence on outdated nuclear reactors. These advancements provide improved safety, reduced waste, and the potential for decentralization—transforming the future of medical isotope supply.

Expansion in Emerging Markets for Nuclear Medicine: Nations in the Asia-Pacific region, Latin America, and the Middle East are enhancing their nuclear medicine infrastructure, which is fueling the demand for Mo-99. Investments in hospital imaging facilities and isotope distribution systems are facilitating greater healthcare access and improved diagnostic capabilities.

Private Sector Involvement and Commercialization: Startups and private enterprises are progressively entering the Mo-99 market, bolstered by government funding and venture capital. These organizations are concentrating on sustainable production techniques, ensuring domestic supply resilience, and commercializing next-generation isotope technologies to address the increasing diagnostic requirements. 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 of uranium, whether highly enriched or non-highly enriched. The uranium-bearing targets are irradiated wi...

The global high-purity molybdenum sheets market is experiencing robust growth, driven by increasing demand from key sectors like aerospace, electronics, and medical devices. This demand stems from molybdenum's unique properties: high melting point, excellent thermal conductivity, and exceptional corrosion resistance. The market's expansion is further fueled by advancements in manufacturing techniques leading to improved purity levels and dimensional accuracy in molybdenum sheets. While precise market sizing data isn't provided, a reasonable estimate based on industry reports and comparable materials markets suggests a current market value (2025) in the range of $500-$700 million. Considering a conservative Compound Annual Growth Rate (CAGR) of 6-8% for the forecast period (2025-2033), the market is projected to reach $1.0 - $1.5 billion by 2033. Leading players like Jinduicheng Molybdenum, China Molybdenum, and Molymet are strategically investing in R&D and capacity expansion to capitalize on this burgeoning market. Significant regional variations exist, with North America and Europe currently dominating the market due to established aerospace and electronics industries. However, Asia-Pacific, particularly China, is emerging as a rapidly growing market, fueled by substantial domestic demand and investment in advanced manufacturing capabilities. Constraints to market growth include the relatively high cost of high-purity molybdenum and potential supply chain disruptions. Nonetheless, the long-term outlook remains positive, with ongoing technological advancements and diversification of applications promising sustained market expansion in the coming decade. The market is segmented based on purity level (e.g., 99.95%, 99.99%), sheet thickness, and end-use application (aerospace components, semiconductor manufacturing, medical implants).