Summary of the market for molybdenum raw materials in April 2025
It is rare that the molybdenum market fluctuated sharply in April 2025. The price of molybdenum concentrate fell sharply in the first half of the month, falling to USD444.44, and rose sharply in the second half of the month, reaching USD481.94. In late April, the shipment time of Luoyang and Yichun two major molybdenum mines were delayed until May Day. The spot market for molybdenum concentrate was tight, and the price of molybdenum showed a daily upward trend. During late April, multiple transactions were reached.
The fluctuation trend of molybdenum oxide prices in April was consistent with molybdenum concentrate. Especially in the late-month period, the transaction price of molybdenum oxide gradually rose to above USD465.28.
Statistics from Molybdenum Trade Network show that the total transaction volume of molybdenum concentrate spot market in April was more than 7,800 tons, a significant decrease from March, and the weighted average price for the whole month was about USD466.25/ton (45-50% benchmark cash price), a slight rebound from March.
Molybdenum concentrate production in April 2025
In April, the operating rate of domestic molybdenum mines was stable and the production was basically normal. According to statistics from Molybdenum Trade Network, the total production of molybdenum concentrate in April was about 26,800 tons. The total production of molybdenum concentrate from January to April 2025 was about 103,000 tons of physical volume, an increase of about 3.8% year-on-year.
Production of Molybdenum Products in April 2025
The total production of molybdenum powder in China in April was about 2230 tons, an increase of 240 tons compared to the previous month; The total production of steelmaking molybdenum bars is about 610 tons, an increase of 30 tons compared to the previous month.
