SMM News, August 13: Recently, with domestic major steel mills entering the bidding market, the molybdenum iron market has seen active transactions, with inquiries and trading volumes increasing significantly. The molybdenum iron market has long been constrained by high costs and poor industry profitability, resulting in low inventories. Against the backdrop of a recovery in demand, market prices have continued to rise driven by balanced supply-demand dynamics and cost support. As of today, SMM’s molybdenum iron price stands at 274,500 yuan/ton, up 17.6% from the beginning of the year. SMM's 45-50% molybdenum concentrate price is reported at 4,285 yuan/ton-degree, a 18.9% increase from the start of the year.