In February 2026, the price trend of molybdenum in China was characterized by an initial rise, followed by stability, and then another increase. In terms of average prices, the average price of molybdenum concentrate was RMB 4,213 per ton-degree, an increase of 18.14% year-on-year; the average price of ferromolybdenum was RMB 272,600 per ton, an increase of 18.46% year-on-year; the average price of molybdenum oxide was RMB 4,305 per ton-degree, an increase of 17.43% year-on-year; the average price of ammonium heptamolybdate was RMB 265,800 per ton, an increase of 16.58% year-on-year; the average price of molybdenum powder was RMB 502 per kilogram, an increase of 18.12% year-on-year.

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