Ferro-Molybdenum Price Trend and Forecast 2026-2027

The United States paid the most for ferro-molybdenum in Q3 2026: USD 53.00/KG, up 1.5% from USD 52.22/KG in Q2. Import costs, high labor costs and steady demand from steel and oil and gas makers keep American prices above the other three markets. Worldwide, the average rose 1.4% to USD 48.62/KG from USD 47.96/KG, mostly because higher molybdenum concentrate and energy costs and firm demand from steel makers led producers and traders to raise prices in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 47.40-51.29/KG range, with molybdenum concentrate prices, steel output, demand from stainless steel and pipe makers and energy costs doing most of the work.

Ferro-molybdenum is an alloy of iron and molybdenum, usually with 60 to 70 percent molybdenum. Steel makers add it to make stainless steel, tool steel and high strength alloy steel that resists heat and corrosion, used in pipes, pressure vessels and engines. Prices in this report refer to 60 percent ferro-molybdenum and are quoted per kilogram of contained molybdenum. They depend on molybdenum concentrate prices, steel output and energy costs.

China, Chile, Peru and the United States produce molybdenum, much of it as a by-product of copper mining. Roasters turn the concentrate into molybdenum oxide, and furnaces reduce the oxide with iron and a reducing agent. Because much of the supply is a by-product, output follows copper mining rather than demand for molybdenum. Steel mills in China, Europe, Japan and North America are the main users.

Ferro-Molybdenum Price Forecast for 2026

Prices should rise modestly through the rest of 2026. Concentrate and energy costs are firm and demand from steel makers is steady. Copper by-product supply limits the size of the increase. Year on year, the global average has moved from USD 46.50/KG to USD 48.62/KG, an increase of 4.6%.

For Q4, risks to the price are evenly spread. What could push prices higher? Mine disruptions, higher energy costs or stronger demand from pipe and stainless steel makers would lift prices. What could pull them lower? Larger by-product supply, weaker steel output or lower energy costs would lower prices.

For the Quarter Ending September 2026

Ferro-Molybdenum Prices Q3 2026:

• China: USD 44.00/KG
• Chile: USD 46.50/KG
• Germany: USD 51.00/KG
• United States: USD 53.00/KG

Ferro-Molybdenum Prices in China

Prices in China firmed 1.6% in Q3 2026 to USD 44.00/KG, compared with USD 43.31/KG in Q2. Chinese prices rose as the demand from steel makers improved. A year earlier, in Q3 2025, the average stood at USD 41.81/KG, which makes the current price 5.2% higher. In comparison with the average of USD 48.62/KG across the four markets, the price in China was 9.5% lower.

Why did the price of Ferro-Molybdenum change in Q3 2026 in China?

China rose. Demand from steel makers improved, molybdenum concentrate costs increased, and producers raised prices. From USD 42.41/KG at the close of 2025 to USD 44.00/KG in Q3 2026, the price in China has risen 3.7%, and the global average has risen 3.2%. The global average shifted 1.4% higher in the same quarter.

Ferro-Molybdenum Prices in Chile

Chile recorded a 1.3% gain in Q3 2026, with the average reaching USD 46.50/KG against USD 45.90/KG in Q2. Chilean prices rose as the demand from export buyers improved. Taking Q3 2025 as the base, at USD 44.55/KG, the latest quarter is 4.4% higher. Chile ended the quarter 4.4% below the group average of USD 48.62/KG.

Why did the price of Ferro-Molybdenum change in Q3 2026 in Chile?

Chile rose. Demand from export buyers improved, molybdenum concentrate costs increased, and producers raised offers. Across the first three quarters of 2026, Chile has moved up 3.1% from USD 45.09/KG in Q4 2025 to USD 46.50/KG, against a 3.2% gain for the global average. Across the four markets the average was 1.4% higher on the quarter.

Ferro-Molybdenum Prices in Germany

The Q3 2026 average for Germany stood at USD 51.00/KG, an increase of 1.2% on the USD 50.40/KG recorded in Q2. German prices rose as the demand from stainless steel makers improved. Against the USD 49.12/KG recorded in Q3 2025, the current average represents a 3.8% increase. The price in Germany was 4.9% above the group average of USD 48.62/KG in Q3 2026.

Why did the price of Ferro-Molybdenum change in Q3 2026 in Germany?

Germany rose. Demand from stainless steel makers improved, import costs increased, and traders raised prices. Year to date, Germany is 2.8% higher than the Q4 2025 level of USD 49.60/KG, while the global average is 3.2% higher. On the global measure the average was 1.4% higher over the quarter. The quarterly change in Germany was 1.2%.

Ferro-Molybdenum Prices in United States

The United States registered a 1.5% increase in Q3 2026, taking the average to USD 53.00/KG from USD 52.22/KG in Q2. American prices rose as the demand from steel and oil and gas makers improved. The Q3 2025 average of USD 50.51/KG puts the current price 4.9% above its level a year earlier. The gap to the four-market average of USD 48.62/KG was 9.0% above for the United States.

Why did the price of Ferro-Molybdenum change in Q3 2026 in United States?

The United States rose. Demand from steel and oil and gas makers improved, import costs increased, and traders raised prices. Over the first nine months of 2026 the price in the United States has risen by 3.4%, which compares with a 3.2% gain in the global average. For comparison, the global average moved 1.4% higher over the same quarter.

For the Quarter Ending June 2026

Ferro-Molybdenum Prices Q2 2026:

• China: USD 43.31/KG
• Chile: USD 45.90/KG
• Germany: USD 50.40/KG
• United States: USD 52.22/KG

Ferro-Molybdenum Prices in China

China registered a 1.2% increase in Q2 2026, taking the average to USD 43.31/KG from USD 42.79/KG in Q1. Chinese prices rose as the demand from steel makers strengthened. This represents a 6.0% increase on the USD 40.85/KG recorded in Q2 2025. Against the four-market average of USD 47.96/KG, China stood 9.7% below in the quarter.

Why did the price of Ferro-Molybdenum change in Q2 2026 in China?

China rose. Demand from steel makers strengthened, molybdenum concentrate costs went up, and producers lifted prices. This came on top of a 0.9% gain in Q1, and the average ended 6.0% above its level of a year earlier, when it stood at USD 40.85/KG. Q3 added to the change, with the price at USD 44.00/KG.

Ferro-Molybdenum Prices in Chile

Chile climbed 1.0% to USD 45.90/KG in Q2 2026, from USD 45.45/KG in Q1. Chilean prices rose as the demand from export buyers strengthened. The year-on-year change is a 5.1% increase, from USD 43.69/KG in Q2 2025. Chile finished Q2 2026 4.3% below the four-market average of USD 47.96/KG.

Why did the price of Ferro-Molybdenum change in Q2 2026 in Chile?

Chile rose. Demand from export buyers strengthened, energy costs went up, and producers lifted offers. Q1 had brought a 0.8% gain, and by the end of Q2 the price was 5.1% above the Q2 2025 average of USD 43.69/KG. The move then extended in Q3, taking the price to USD 46.50/KG. The global average shifted 1.1% higher in the same quarter.

Ferro-Molybdenum Prices in Germany

In Q2 2026, the average price in Germany rose 0.9% to USD 50.40/KG, compared with USD 49.95/KG in Q1. German prices rose as the demand from stainless steel makers strengthened. The Q2 2026 average is 4.2% above the USD 48.36/KG recorded in Q2 2025. The four markets averaged USD 47.96/KG in the quarter, so the price in Germany was 5.1% higher.

Why did the price of Ferro-Molybdenum change in Q2 2026 in Germany?

Germany rose. Demand from stainless steel makers strengthened, energy costs went up, and traders lifted prices. Coming after a 0.7% gain in Q1, the Q2 figure sits 4.2% above the USD 48.36/KG of Q2 2025. The same direction continued in Q3, with the price reaching USD 51.00/KG. Across the four markets the average was 1.1% higher on the quarter.

Ferro-Molybdenum Prices in United States

The United States' average moved up 1.1% in Q2 2026, to USD 52.22/KG from USD 51.65/KG in Q1. American prices rose as the demand from steel makers strengthened. Compared with Q2 2025, when the United States averaged USD 49.35/KG, the current price is 5.8% higher. In comparison with the average of USD 47.96/KG across the four markets, the price in the United States was 8.9% higher.

Why did the price of Ferro-Molybdenum change in Q2 2026 in United States?

The United States rose. Demand from steel makers strengthened, labor costs went up, and traders lifted prices. The 0.8% gain in Q1 set the base, and Q2 finished 5.8% above the USD 49.35/KG recorded a year earlier. Q3 added to the change, with the price at USD 53.00/KG. On the global measure the average was 1.1% higher over the quarter.

Quarterly Ferro-Molybdenum Price Trends

Ferro-Molybdenum prices rose through 2025 and the first half of 2026 and rose again in the third quarter in all four markets. The global average moved from USD 44.74/KG in Q1 2025 to 45.56 in Q2, 46.50 in Q3 and 47.09 in Q4, then 47.46 in Q1 2026, 47.96 in Q2 and 48.62 in Q3, a net gain of roughly 8.7% across the window. Higher molybdenum concentrate and energy costs and steady demand from steel makers lifted prices for six quarters.

What was Ferro-Molybdenum Price in 2025?

2025 was a year of steady increases for ferro-molybdenum, with prices rising in each quarter in all four markets. Starting near USD 44.74/KG in Q1, the global average finished the year at 47.09 in Q4, a gain of about 5.3%. Higher molybdenum concentrate and energy costs and steady demand from steel makers supported producers throughout the year.

Ferro-Molybdenum Prices in China in 2025

In China, prices moved from about USD 40.01/KG in Q1 2025 to USD 42.41/KG by Q4, up roughly 6.0%. Chinese prices rose steadily as molybdenum concentrate costs and demand from steel makers increased. Relative to the end of 2025, the price in China is 3.7% higher at USD 44.00/KG. The quarterly breakdown above allows each stage of that path to be traced.

Ferro-Molybdenum Prices in Chile in 2025

In Chile, prices moved from about USD 42.94/KG in Q1 2025 to USD 45.09/KG by Q4, up roughly 5.0%. Chilean prices rose gradually as the energy costs and demand from export buyers increased. By Q3 2026 the average for Chile had reached USD 46.50/KG, 3.1% above the Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

Ferro-Molybdenum Prices in Germany in 2025

In Germany, prices moved from about USD 47.69/KG in Q1 2025 to USD 49.60/KG by Q4, up roughly 4.0%. German prices rose gradually as the energy costs and demand from stainless steel makers increased. The latest quarter places Germany at USD 51.00/KG, which is 2.8% above the level at which 2025 ended. The quarterly sections above show how the annual average developed over the year.

Ferro-Molybdenum Prices in United States in 2025

In the United States, prices moved from about USD 48.34/KG in Q1 2025 to USD 51.24/KG by Q4, up roughly 6.0%. American prices rose steadily as the labor costs and demand from steel makers increased. Since the 2025 close of USD 51.24/KG, the price in the United States has moved up 3.4%, reaching USD 53.00/KG in Q3 2026.

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