In the first quarter of 2026, the trend of molybdenum prices in China was first a bottoming out followed by a strong rally and then a consolidation at high levels. From January to March, the average price of molybdenum concentrate was RMB 4,238/ton-degree, an increase of 20.57% year-on-year; the average price of molybdenum iron was RMB 273,034/ton, an increase of 19.72% year-on-year; the average price of molybdenum oxide was RMB 4,327/ton-degree, an increase of 19.46% year-on-year; the average price of sodium molybdate was RMB 192,534/ton, an increase of 18.58% year-on-year; the average price of ammonium molybdate was RMB 267,879/ton, an increase of 18.65% year-on-year; and the average price of molybdenum powder was RMB 507/kg, an increase of 21.00% year-on-year.

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