Baosteel (Zhanjiang) Ferromolybdenum Bid Solicitation Price on May 23

SMM, Sep 24: CITIC Pacific has launched a ferromolybdenum tender. Bids are due by 2:00 p.m. on Sep 24, for delivery on Oct 20, total volume 90 tonnes.

KGHM Polska Miedź reported Sierra Gorda’s August molybdenum output at 0.1 million lb (about 45 tonnes) on its 55% attributable basis, down 90% YoY. The decline reflected lower molybdenum grade, recovery and ore throughput. Jan–Aug output fell 38.2% to 2.1 million lb (about 953 tonnes), from 3.4 million lb (about 1,542 tonnes). Despite a 6% rise in August copper output, molybdenum production declined sharply, highlighting diverging by-product performance caused by ore characteristics.

Mexico’s National Institute of Statistics and Geography (INEGI) reported mine-metallurgical molybdenum output of 1,329 tonnes in July 2026, down 2.6% MoM and 6.3% YoY, marking a second consecutive monthly decline. Jan–Jul production totaled 9,281 tonnes, 835 tonnes lower than the 10,116 tonnes recorded a year earlier, representing an 8.3% YoY decrease. The renewed July contraction indicates that Mexico’s cumulative molybdenum supply remains below 2025 levels. The 2026 figures are preliminary, while the 2025 data are final.