Molybdenum prices averaged USD 47,767 per metric ton in August, up 0.8% from July. On 29 August, the commodity traded at USD 55,116 per metric ton, up 16.3% from 31 July.
Prices spiked in late August amid an improving demand backdrop. According to survey data, operating conditions in the manufacturing sector strengthened in August, with output rising at the fastest pace since June 2024.
This chart displays Molybdenum (US$/mt) from 2023 to 2025.
Molybdenum (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Molybdenum | - | - | 47,792 | 49,477 | 42,668 | 44,093 | 44,093 | 47,800 | 51,318 | 44,959 | - | - |