Molybdenum market update on August 1, 2025
This week, the domestic molybdenum market exhibited an initial rise followed by stabilization. At the beginning of the week, influenced by tight raw material spot supply, significant price increases by major molybdenum mining companies, and strong speculative sentiment among traders, the price of molybdenum concentrate rose notably. To mitigate the risk of cost-profit inversion, downstream enterprises also adjusted their quotes upward. Toward the weekend, the upward momentum for most product prices weakened, with some even experiencing a rational decline, primarily due to limited bullish support and low acceptance of high-priced goods by downstream users. On July 30, Taigang, CITIC Tai Fu Special Steel, and Aoying jointly announced a suspension of ferromolybdenum procurement.
According to CTIA GROUP LTD statistics, this week the price of molybdenum concentrate increased by approximately 230 yuan per ton-unit, a rise of 5.64%; ferromolybdenum increased by approximately 13,000 yuan per ton, a rise of 4.91%; molybdenum oxide increased by approximately 220 yuan per ton-unit, a rise of 5.23%; sodium molybdate increased by approximately 14,000 yuan per ton, a rise of 7.45%; ammonium heptamolybdate increased by approximately 16,000 yuan per ton, a rise of 6.30%; and molybdenum powder increased by approximately 35 yuan per kilogram, a rise of 7.69%.
In terms of news, the Inner Mongolia Daily reported that during the "14th Five-Year Plan" period, the Inner Mongolia Autonomous Region invested a total of 2.61 billion yuan in geological exploration, identifying vast mineral resources rich in iron, niobium, and rare earths in the Baiyun Ebo South mining belt. From 2021 to 2024, Inner Mongolia leveraged 2.655 billion yuan in social funds for geological exploration, achieving significant growth in strategic mineral resource reserves, including an increase of 1.1427 million tons in molybdenum resources, 718 million tons in iron ore resources, and 364 tons in gold resources.
Price of molybdenum products on August 1, 2025
Molybdenum copper sheet picture
