Molybdenum price level – June 2026 • Shanghai Metals Market benchmark for molybdenum oxide FOB China: about $33.70/lb (~$74.3/kg) on 1 June 2026, described as stable day‑on‑day. • Trading Economics CFD benchmark: 597.5 CNY/kg on 3 June 2026, +2.14% over the past month and +25.39% year‑on‑year. • Earlier 2026 spot indications: international benchmarks around $89.99/kg (~$40.82/lb) as of mid‑May 2026, suggesting some easing into June from a high Q1/Q2 rally. • Regional Q1 2026 price points (to gauge level and volatility): USA around $56,200/MT in March 2026; Thailand ~$36,436/MT; Russia ~$36,500
Molybdenum price level – June 2026 • Shanghai Metals Market benchmark for molybdenum oxide FOB China: about $33.70/lb (~$74.3/kg) on 1 June 2026, described as stable day‑on‑day. • Trading Economics CFD benchmark: 597.5 CNY/kg on 3 June 2026, +2.14% over the past month and +25.39% year‑on‑year. • Earlier 2026 spot indications: international benchmarks around $89.99/kg (~$40.82/lb) as of mid‑May 2026, suggesting some easing into June from a high Q1/Q2 rally.
• Regional Q1 2026 price points (to gauge level and volatility): USA around $56,200/MT in March 2026; Thailand ~$36,436/MT; Russia ~$36,500/MT. Market trend and volatility • Prices have risen strongly versus 2025: +25% y/y by early June 2026 on CFD benchmarks, after sharp rallies through 2025–early 2026 driven by tight mine supply and strong alloy demand.
• Q1 2026 US molybdenum prices were up ~19.9% vs Q4 2025, with March alone +20.14%, reflecting constrained raw material availability, upstream cost pressure, and restocking ahead of maintenance/production cycles. • North American Molybdenum Price Index rose 11.61% q/q in Q1 2026, supported by steady mill buying and tighter inventories at seaborne hubs; roaster maintenance and freight/geopolitical risks amplified spot volatility.
Supply fundamentals (2026) • China plus the US, Chile, Peru, and Mexico remain key producers. • SMM forecasts China’s molybdenum concentrate output growth slowing to ~3% in 2026 (≈328,000 physical tons), due to mine grade decline and rising costs.
Procurement teams should maintain flexible sourcing strategies for Molybdenum given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.