Molybdenum market update on January 6, 2026
Domestic molybdenum prices overall showed a general upward pattern, with molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices increased by approximately RMB 30 per tonne-degree, RMB 5,000/ton, and RMB 2,000/ton respectively. This is mainly attributed to considerable volume and price in steel tenders and strong reluctance among molybdenum mining enterprises to sell while holding bullish sentiment.
From the bullish factors perspective, first, affected by greater efforts in environmental protection crackdowns, lower temperatures, and mine aging, some molybdenum mining enterprises have reduced output; second, to ensure normal production and operation during the Spring Festival and with current molybdenum product prices not very high, downstream molybdenum production enterprises showed good enthusiasm for inquiries and procurement.
From the bearish factors perspective, first, with continuous molybdenum price increases, some downstream users showed slightly stronger fear-of-heights sentiment, leading to slowed market demand growth; second, against the background of relatively complex global economic situation and tight market funding, consumers basically maintained rational procurement.
On the news front: According to Baotou Evening News, from January to November 2025, the value added of industrial enterprises above designated size in Baotou City increased by 11.3% year-on-year, increased by 0.5 percentage points compared to January-October. Among the 34 major industry categories, 21 industries maintained value added growth, with a growth coverage of 61.8%; among them, the non-ferrous metal mining and dressing industry value added increased by 72.7%, increased by 13.3 percentage points compared to January-October, driving the value added of industrial enterprises above designated size to increase by 1 percentage point.
Price of molybdenum products on January 6, 2026
Images of molybdenum crucible
