Molybdenum market update on September 5, 2025
The domestic molybdenum market continues to maintain a good operational trend. Against the backdrop of mismatched supply-demand patterns, rising expectations of Federal Reserve interest rate cuts, and heightened trader operational enthusiasm, product prices remain firm at high levels, though there is still significant room for actual transaction volumes to increase.
In the molybdenum concentrate market, with a relatively balanced supply-demand relationship, product transaction prices are hovering around 4,590 yuan per ton-unit. Recently, a mine in Jilin sold 128 tons of 50%-55% grade molybdenum concentrate, and a mine in Henan sold 200 tons of 45%-50% grade molybdenum concentrate.
In the ferromolybdenum market, a strong wait-and-see atmosphere prevails. With high raw material prices and mediocre performance in steel tender volumes and prices, intermediate smelting enterprises are maintaining rational quotes. Recently, steel companies such as Erzhong Equipment, Tsingshan Holding Group, Jiangsu Yonggang, and Shanxi Taigang have entered the market to bid for ferromolybdenum, with tender prices ranging between 290,000 yuan per ton and 294,000 yuan per ton.
In the molybdenum chemical and product markets, influenced by the recent upward oscillation in molybdenum raw material prices, the price of molybdates has also risen today, with ammonium heptamolybdate prices increasing by approximately 2,000 yuan per ton.
In terms of news, Zijin Mining recently announced that the 84% equity stake in Anhui Jinsha Molybdenum Industry Co., Ltd. (referred to as "Jinsha Molybdenum"), acquired through a public tender on October 21, 2022, has completed its industrial and commercial registration change and has been officially transferred to the company. Jinsha Molybdenum holds 100% equity in the Shapigou Molybdenum Mine in Jinzhai County, Anhui Province. The development of the Shapigou Molybdenum Mine aligns with Zijin Mining’s strategic plan, and combined with the existing by-product molybdenum output from the company’s Julong Copper Mine and Duobaoshan Copper Mine, the company is poised to become one of the world’s largest mineral molybdenum producers in the future.
Price of molybdenum products on September 5, 2025
Molybdenum copper sheet picture
