Molybdenum Market Tightens: Supply Crunch and Steel Mills' Bidding Push Ferromolybdenum Prices Up 10% in a Month

Published: May 27, 2025 18:06

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[SMM Commentary: Supply of Molybdenum Concentrate at Raw Material End is Tight, Steel Mills' Bidding Gradually Enters the Market, Ferromolybdenum Prices Rise Nearly 10% in Over a Month] The supply of molybdenum concentrate at the raw material end is tight, and suppliers are increasingly reluctant to sell, making it difficult to find low-priced supplies in the market. On the demand side, steel mills' bidding is gradually entering the market. As several mainstream steel mills have successively entered the market for procurement, this has provided support for molybdenum prices from the demand side. In particular, representative steel mills have accepted higher prices for ferromolybdenum, leading to a strong upward trend in ferromolybdenum prices. The support from both supply and demand has driven an overall significant upward shift in prices across the entire molybdenum industry chain, with ferromolybdenum prices surging nearly 10% in just over a month!

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