Molybdenum market update on June 30, 2025
The domestic molybdenum market maintained an overall weak trend at the beginning of the week, with a mix of bullish and bearish factors leading to intense price negotiations between buyers and sellers, resulting in moderate transaction activity. Recently, steel companies have continued to suppress ferromolybdenum bids, prompting general price reductions from molybdenum concentrate producers. However, due to strong production cost support and limited increases in spot supply, the decline in molybdenum concentrate prices has been modest. Today, at 02:33 PM HKT on Monday, June 30, 2025, steel companies bidding for ferromolybdenum include Erzhong Equipment, Jiangsu Shagang, Fushun Special Steel, Jiangsu Nangang, and China First Heavy Industries.
According to Xinhua News Agency, the newly revised Mineral Resources Law of the People’s Republic of China will take effect on July 1, 2025. The revised law stipulates that the state will enhance policy measures to increase support for the exploration, mining, trade, and stockpiling of strategic mineral resources, promote the expansion of reserves and capacity of strategic mineral resources, advance the optimization and upgrading of the strategic mineral resource industry, and improve the security level of mineral resource supply. The state will implement a paid acquisition system for exploration and mining rights, with mining rights to be allocated through competitive methods such as auctions or tenders. The allocation of mining rights must be incorporated into a unified public resource trading platform system as required by national regulations.
Price of molybdenum products on June 30, 2025
Image of molybdenum copper sheet
