Molybdenum prices averaged USD 63,407 per metric ton in December, up 5.0% from November. On 31 December, the commodity traded at USD 63,934 per metric ton, up 0.9% from 28 November.
Average molybdenum prices rose for the seventh consecutive month in December. Fed interest rate cuts in December likely bolstered demand as the metal is used as an alloy in stainless steel. Moreover, disruptions at copper mines in recent months likely aided prices; around 60% of global molybdenum output is a byproduct of copper.
This chart displays Molybdenum (US$/mt) from 2024 to 2025.
Molybdenum (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Molybdenum | - | - | - | - | 42,668 | 44,093 | 44,093 | 47,800 | 51,318 | 44,959 | 50,155 | 61,157 |