Molybdenum market update on December 8, 2025
On Monday, the domestic molybdenum market overall maintained stable operation, mainly reflected in no obvious changes in prices of most products for the time being and average transactions. From the supply side, affected by stricter environmental policies, higher production costs, and general expectations among industry players for the future market, some molybdenum producers have voluntarily slowed down production pace; combined with acceptable downstream demand, spot market supply growth has become even slower, thus holders have low willingness to reduce prices for shipments. From the demand side, against the background of current molybdenum product prices being at relatively low levels and good development trend in molybdenum downstream industries, buyers generally show high initiative in entering the market for consumption. Today, molybdenum concentrate, ferromolybdenum, and sodium molybdate prices were approximately RMB 3,650 per ton-degree, RMB 236,000/ton, and RMB 171,000/ton respectively.
According to the World Steel Association, global crude steel production in 70 countries/regions included in World Steel Association statistics in October 2025 totaled 143.3 million tonnes, decreased by 5.9% year-on-year. Among them, Africa’s crude steel production was 2.0 million tonnes, increased by 0.8% year-on-year; Asia and Oceania crude steel production was 102.4 million tonnes, decreased by 8.2% year-on-year; EU (27 countries) crude steel production was 10.8 million tonnes, decreased by 3.5% year-on-year; other European countries crude steel production was 3.6 million tonnes, increased by 3.8% year-on-year; Middle East crude steel production was 5.4 million tonnes, increased by 9.2% year-on-year; North America crude steel production was 9.1 million tonnes, increased by 4.7% year-on-year; Russia and other CIS countries + Ukraine crude steel production was 6.4 million tonnes, decreased by 5.1% year-on-year; South America crude steel production was 3.7 million tonnes, decreased by 1.1% year-on-year.
Price of molybdenum products on December 8, 2025
Images of molybdenum screw
