Molybdenum prices averaged USD 64,486 per metric ton in March, up 0.8% from February. On 31 March, the commodity traded at USD 64,486 per metric ton, unchanged from 27 February.
Average molybdenum prices edged higher in March from the previous month, likely driven by rising energy costs increasing production expenses for the highly energy-intensive refined metal. As a result, prices for molybdenum—used as an alloy in stainless steel—remained at an over three-year high.
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 | 44,093 | 47,800 | 51,318 | 44,959 | 50,155 | 61,157 |