Molybdenum prices averaged USD 48,607 per metric ton in November, up 9.8% from October. On 29 November, the commodity traded at USD 50,707 per metric ton, up 4.5% from 31 October.
Molybdenum ran counter to most of the base metal complex, rising for the second consecutive month in November. Prices were likely bolstered by ongoing monetary policy easing across the globe and a slight improvement in Chinese manufacturing momentum in November.
This chart displays Molybdenum (US$/mt) from 2022 to 2024.
Molybdenum (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Molybdenum | 70,639 | 57,855 | 47,792 | 49,477 | 42,668 | 44,093 | 44,093 | - |