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Molybdenum Market - March 2, 2026

Molybdenum market update on March 2, 2026

On Monday, the domestic molybdenum market overall maintained high-level stable operation.

Amid the interplay of bullish and bearish factors, negotiations between buyers and sellers were slightly stalemated, with no obvious changes in product prices and limited new orders. According to CTIA GROUP LTD, the market spot supply is not abundant, production costs provide strong support, and the ongoing tense situation between the United States and Iran has heightened market risk aversion sentiment, all of which collectively strengthened suppliers' reluctance to sell while firmly supporting prices. However, downstream users have relatively low acceptance of high-priced goods, resulting in weak market demand. It is worth mentioning that, influenced by the recent continuous price increases in tungsten-iron, ferromolybdenum, and other alloys as well as scrap steel, some mold steel enterprises have raised quotations for tungsten-containing and molybdenum-containing steel products.

On the news front: Data from the World Steel Association show that in November 2025, global crude steel production in 70 countries/regions included in World Steel Association statistics totaled 140.1 million tons, decreased by 4.6% year-on-year. Among them, Africa’s crude steel production was 2.00 million tons, increased by 7.4% year-on-year; Asia and Oceania crude steel production was 99.90 million tons, decreased by 7.1% year-on-year; EU (27 countries) crude steel production was 10.20 million tons, decreased by 3.5% year-on-year; other European countries crude steel production was 3.70 million tons, increased by 9.8% year-on-year; Middle East crude steel production was 5.50 million tons, increased by 8.2% year-on-year; North America crude steel production was 9.00 million tons, increased by 5.4% year-on-year; Russia and other CIS countries + Ukraine crude steel production was 6.30 million tons, decreased by 3.9% year-on-year; South America crude steel production was 3.50 million tons, increased by 2.4% year-on-year.

Price of molybdenum products on March 2, 2026

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