The tight supply of molybdenum concentrate has led to strong reluctance among suppliers to sell, making it difficult to find low-priced supplies in the market. Steel mills have been actively inquiring and tender prices have increased, providing demand-side support for molybdenum prices. This has driven an overall increase in prices across the molybdenum industry chain. Notably, molybdenum concentrate (45%) and ferromolybdenum (60%) have seen increases of 11.93% and 11.99% respectively since the beginning of the year. Can the tight supply of raw materials on the supply side continue to drive molybdenum prices higher?