Chinese Molybdenum Prices - January 22, 2025

Chinese molybdenum prices fluctuated within a reasonable range, while market transaction growth remained slow. 

According to Chinatungsten Online, most downstream users have already completed their procurement plans for the Lunar New Year period. Supported by strong production costs and limited availability of spot supply, molybdenum mining companies, intermediate smelting enterprises, and molybdenum chemical manufacturers generally maintained firm price quotes. However, reduced downstream demand, weak performance in the international molybdenum market, and significant uncertainties during the holiday period have caused confidence in stable pricing for some molybdenum concentrates to waver.

On the news front, China Nonferrous Metals News reported that in 2024, the nonferrous metals industry achieved a 24.7% year-on-year increase in fixed-asset investment, outpacing the nationwide industrial investment growth rate by 12.6 percentage points. Within this, mining investment rose by 26.7%, while investment in smelting and rolling processing increased by 24.2%. Based on data from the National Bureau of Statistics for the first 11 months of 2024, it is predicted that the total profits of nonferrous metals industrial enterprises will reach 420 billion RMB for the year, representing a growth of over 10%.

Prices of molybdenum products on January 22, 2025

Picture of molybdenum sheets

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