The molybdenum market in 2025 experienced a dynamic price environment with strong increases during the mid year periods. This trend was followed by corrective adjustments toward the end of the year. While continued support from strong demand and supply constraints still exists.

In 2025 molybdenum prices experienced marked volatility characterized by a predominantly bullish trend. Prices climbed steadily through the first three quarters. Driven by a combination of tight supply and robust demand from the stainless steel and high performance alloy sectors. A notable peak occurred in September when 45% molybdenum concentrate reached record breaking highs in China.

While the market surged globally through the third quarter the latter half of the year introduced fluctuations. Specifically November saw price corrections and temporary dips for certain products followed by a recovery in December. These movements were accompanied by regional variances. Some markets began the year with first quarter declines before entering a sustained recovery phase.

By the end of the year molybdenum closed at elevated levels in both the international spot market and China. Ultimately the annual average prices for the majority of molybdenum products in 2025 finished significantly higher than those recorded in 2024.