Molybdenum Prices

Molybdenum prices continued to rally in recent weeks, boosted by supply disruptions and soaring demand from the military and renewables sectors. Prices averaged USD 82,453 per metric ton in February, which was 59.3% higher than January’s price but was up 94.7% from the same month last year. Meanwhile, on 28 February, molybdenum traded at USD 83,776 per metric ton, which was up 42.1% from the same day of the previous month.