Molybdenum market information

IMOA regularly collects and evaluates information on the worldwide molybdenum market.

Global production

The production statistics in the graph above are based on reported figures and IMOA's estimates. They represent new molybdenum from mine production only and do not include recycled material and material recovered from spent catalysts.

Global use

Figures for the use of molybdenum are supplied by IMOA's consultants, Steel & Metals Market Research (SMR), Austria.

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First use of new molybdenum, 2023

Total volume Year, 2023 and 630 m lbs Mo (285,760 tonnes Mo)

Price

The price of roasted molybdenite concentrate (tech oxide) is widely used as the reference market price base for molybdenum products. The graph below shows historic quarterly averages based on prices published by Argus Media.