Molybdenum market update on June 11, 2026
The domestic molybdenum market as a whole showed a high-level retreat trend. With the gradual exhaustion of earlier favorable support, downstream buyers have become less proactive in inquiries and purchases, and most suppliers have rationally lowered their quotations. Today, the price of molybdenum concentrate decreased by RMB 30/ton-degree, ferromolybdenum decreased by RMB 4,000/ton, and ammonium tetrathiomolybdate decreased by RMB 2,000/ton.
According to CTIA GROUP, previously, influenced by the relatively low molybdenum prices, downstream users were highly willing to purchase on dips. Coupled with limited availability of spot raw materials, suppliers actively raised prices to sell, leading to significant product price increases. However, after molybdenum prices rose, downstream buyers became more cautious about high prices. Additionally, some enterprises completed phased procurement, hindering further price increases. After several days of price stabilization and with market demand not significantly increasing, suppliers’ confidence in maintaining prices generally weakened, resulting in lowered quotations.
Inner Mongolia Daily reports that the ultra-large-scale Caosiyang molybdenum mine in Inner Mongolia has entered the development stage. The mine has molybdenum ore reserves as high as 1.035 billion tons, with a metal content of 1.089 million tons, containing multiple valuable elements including molybdenum, lead, zinc, tungsten, gold, silver, and sulfur (chemically valuable and recoverable elements). Its resource reserves rank among the top of similar domestic deposits, featuring shallow ore burial, thick ore bodies, large reserves, and easy mining, highlighting its outstanding resource endowment advantages. The project’s mining and processing design scale is 16.5 million tons/year of raw ore, qualifying it as ultra-large-scale.
Price of molybdenum products on June 11, 2026
Molybdenum screw image
