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 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.

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.

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 May 2022, the molybdenum price amounted to $47.5 per kg (FOB, China), falling by -5.5% against the previous month.

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.

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.

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 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.

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 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.

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 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.

After two years of decline, shipments abroad of molybdenum increased by 123% to 3K tons in 2023.

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 Malaysian molybdenum market shrank rapidly to $22K in 2024, with a decrease of -61.4% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market reached the peak level at $1.2M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

In August 2022, the molybdenum ore price stood at $14.8 per kg (CIF, Brazil), dropping by -5.9% against the previous month.

In August 2024, the average molybdenum import price amounted to $61,769 per ton, picking up by 1.5% against the previous month.

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.