Molybdenum prices averaged USD 44,093 per metric ton in September, unchanged from August. On 30 September, the commodity traded at USD 44,093 per metric ton, unchanged from 30 August.
Prices flatlined for the sixth consecutive month in September in the absence of significant market movements. Prices increased earlier this year, supported by a recovery in global industrial momentum, as suggested by manufacturing PMI data.
This chart displays Molybdenum (US$/mt) from 2022 to 2024.
Molybdenum (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Molybdenum | 70,639 | 57,855 | 47,792 | 49,477 | 42,668 | 44,093 | 44,093 | - |