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Molybdenum Market - February 27, 2026

Molybdenum market update on February 27, 2026

The domestic molybdenum prices overall continued to shift upward in center of gravity, with molybdenum concentrate price increased by approximately RMB 15 per ton-degree, molybdenum oxide price increased by approximately RMB 30 per ton-degree, and ammonium tetramolybdate price increased by approximately RMB 5,000/ton.

Under this market condition, industry insiders are primarily focusing on the shipment dynamics of mining enterprises and the volume-price performance of steel mill tenders.

In the molybdenum concentrate market, affected by a safety accident at a molybdenum production enterprise in the United States at the end of January leading to tight overseas molybdenum supply, as well as significant global geopolitical risks and the prominent scarcity of strategic minerals, suppliers generally held strong reluctance to sell while maintaining bullish sentiment, but due to weak downstream demand, buying and selling atmosphere in the market remained flat.

In the ferromolybdenum market, recent obvious increases in molybdenum concentrate prices combined with some reduction in China's ferromolybdenum production in January jointly pushed intermediate smelters to raise quotations, but the upward adjustment amplitude was small. Today, ferromolybdenum price increased by approximately RMB 2,000/ton.

In the molybdenum chemical and related products market, overall trading heat was average, mainly attributed to relatively balanced supply-demand relationship. However, it is worth mentioning that, driven by the continued rise in raw material sales prices recently, many molybdenum chemical product prices passively followed upward.

On the news front: Data from the United States Geological Survey show that as of the end of 2025, global molybdenum reserves were approximately 17,000 thousand tons, increased by 2,000 thousand tons compared to 15,000 thousand tons in 2024, up 13.33%. Among them, China's molybdenum reserves were approximately 7,800 thousand tons, increased by 32.20% year-on-year, accounting for 45.88% of the global total; U.S. molybdenum reserves were approximately 3,500 thousand tons, unchanged year-on-year, accounting for 20.59% of the global total; Chile's molybdenum reserves were approximately 2,600 thousand tons, increased by 85.71% year-on-year, accounting for 15.29% of the global total.

Price of molybdenum products on February 27, 2026

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