【Molybdenum Flash News】

SMM News, Nov 3: Molybdenum iron tender from an East China steel mill sees a bid price range of 323,000–326,000 RMB/ton (acceptance bill), delivery date Nov 18. Shandong Steel (Rizhao) tender plan on Nov 3: 30 mt of ferromolybdenum. Tender closing time: 14:00, Nov 4, 2026. Delivery date: Nov 30, 2026.

Mongolia’s National Statistics Office reported September 2026 molybdenum concentrate output of 418.2 tonnes under the table’s contained-metal reporting basis, up 9.5% from August but down 13.3% from a year earlier. SMM calculates January–September output at 4,090.7 tonnes, up 6.4% year on year, with cumulative growth slowing from 9.2% in January–August. September output increased by 36.2 tonnes month on month but remained 64.1 tonnes below September 2025. The official table provides no company-level breakdown, so the operational drivers cannot yet be confirmed.

KGHM Polska Miedź S.A. reported preliminary September molybdenum production of 0.2 million lb (about 91 tonnes) from the Sierra Gorda mine on its 55% attributable basis, down 60% year on year. January-September attributable production fell 42.5% to 2.3 million lb (about 1,043 tonnes). KGHM attributed the September decline to lower molybdenum ore grades, lower recovery and reduced ore throughput. Attributable September sales also fell 75% to about 91 tonnes, while nine-month sales decreased 15.6% to approximately 1,225 tonnes. Sales were additionally influenced by concentrate-processing and molybdenum oxide return schedules.