Molybdenum prices averaged USD 51,468 per metric ton in March, down 0.7% from February. On 31 March, the commodity traded at USD 44,644 per metric ton, down 13.8% from 28 February.
Molybdenum prices receded in late March amid rising geopolitical tensions. President Trump imposed additional tariffs in recent weeks and amped up his protectionist rhetoric, vowing to impose reciprocal tariffs on other nations. This likely tamed sentiment among market participants.
This chart displays Molybdenum (US$/mt) from 2023 to 2025.
Molybdenum (prices in US$/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 | - | 57,855 | 47,792 | 49,477 | 42,668 | 44,093 | 44,093 | 47,800 | 51,318 | - | - | - |