Molybdenum prices averaged USD 71,467 per metric ton in August, up 6.9% from July. On 31 August, the commodity traded at USD 78,816 per metric ton, up 10.9% from 31 July.
Molybdenum prices rose for the 15th straight month in August. Drivers were likely similar to past months: Tight supply coupled with growing optimism over the use of molybdenum in AI chips as a substitute for tungsten.
This chart displays Molybdenum (US$/mt) from 2024 to 2026.
Molybdenum (prices in US$/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 | - | - | - | - | - | - | 44,093 | 47,800 | 51,318 | 44,959 | 50,155 | 61,157 |