Molybdenum prices averaged USD 43,725 per metric ton in March, up 0.9% from February. On 29 March, the commodity traded at USD 44,093 per metric ton, up 1.8% from 29 February.
Prices edged up in recent weeks thanks to stronger industrial momentum worldwide: The global manufacturing PMI rose to a near two-year high in March, spurred by a solid improvement in industrial powerhouse China.
Molybdenum (prices in US$/mt, aop)
Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
---|---|---|---|---|---|---|---|---|
Molybdenum | - | - | - | - | - | 41,561 | 35,333 | 37,394 |