Skip to main content
Live · Updated just now·USD/lb

Molybdenum price today: live

Snapshot · Periodic reference

Molybdenum is priced via Platts/Fastmarkets moly oxide (MoO3, 57% Mo) assessments. About 65-70% of molybdenum is a by-product of copper porphyry mining; the remainder comes from primary molybdenum mines. Freeport-McMoRan operates the two largest primary molybdenum mines globally (Henderson and Climax, both Colorado). Almonty's Sangdong project in South Korea includes a 60-year molybdenum offtake with SeAH M&S worth $234M/yr.

Spot
—
—
52-week range
—
YTD
—
Year-to-date
30 days
—
1-month return
Updated
—
Snapshot data
Open
—
High
—
Low
—
Prev Close
—
1 Week
—
1 Month
—
YTD
—
Chart proxy: Freeport-McMoRan (FCX) operates the world's largest primary molybdenum mines (Henderson + Climax). No public moly futures.

Price history

Molybdenum price chart

Freeport-McMoRan (FCX)USD
Full chart on TradingView →
Note: Freeport-McMoRan (FCX) operates the world's largest primary molybdenum mines (Henderson + Climax). No public moly futures.
Loading chart...
Chart by TradingView

Molybdenum mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
CMCLF
CMOC Group / China Molybdenum (CMCLF)
Sandaozhuang (China, largest primary molybdenum mine globally) + Northparkes (Australia copper-moly) + DRC copper-cobalt (Tenke Fungurume). World's largest molybdenum producer. Q1 2026: 3,190t moly production (-4.7% YoY).
~18%
————China · Australia · DRC
02
FCX
Freeport-McMoRan
Henderson (Colorado) and Climax (Colorado) -- two largest primary molybdenum mines in the Western Hemisphere. Also by-product molybdenum from Morenci, Cerro Verde, Grasberg. Henderson is the world's largest underground primary moly mine.
~6%
————USA (Colorado) · Peru · Indonesia
03
SCCO
Southern Copper
By-product molybdenum from Cuajone, Toquepala (Peru), and Buenavista (Mexico) copper mines. Molybdenum is a meaningful by-product revenue contributor for SCCO.
~4%
————Peru · Mexico
04
ALM
Taseko Mines (NYSE:TGB)
Gibraltar (BC, Canada) -- open-pit copper-molybdenum mine. 60% Taseko / 40% Cariboo Copper JV. Second-largest open-pit copper-moly mine in Canada.
~12%
————Canada (BC)
05
ANGPY
Anglo American (ANGPY ADR)
Los Bronces and Quellaveco (Chile/Peru copper) produce by-product molybdenum. Molybdenum is a small fraction of Anglo American's total revenue.
~2%
————Chile · Peru
06
RIO
Rio Tinto
Bingham Canyon (Utah) produces by-product molybdenum alongside copper. Kennecott is one of the larger molybdenum by-product streams in North America.
~1%
————USA (Utah)
Reddit sentiment

Producer stock buzz

Powered by Adanos · Reddit
CriticalCurated top 5

Molybdenum producer stocks

All commodity stocks
#CompanyTickerPrice24h %ExchangeNote
01
Almonty Industries
NASDAQ: ALM
ALM----NASDAQSangdong W+Mo
02
AMG Advanced Metallurgical
OTC: AMVMF / AMS: AMG
AMVMF----OTCFerromolybdenum — OTC

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026.

Molybdenum ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll molybdenum ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
XME
SPDR S&P Metals & Mining ETF
State Street
Miners0.35%———
PICK
iShares MSCI Global Metals & Mining
BlackRock
Miners0.39%———
REMX
VanEck Rare Earth/Strategic Metals
VanEck
Miners0.53%———
COPX
Global X Copper Miners ETF
Global X
Miners0.65%———

How molybdenum prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

65-70% is copper mine by-product

Most global molybdenum production is a by-product of copper porphyry mining: as copper prices rise, mine operators increase throughput, producing more molybdenum as a side stream. This makes molybdenum supply partially decoupled from its own price. Primary mines (Freeport Henderson + Climax in Colorado, CMOC/China Molybdenum operations) account for the remaining 30-35%. Chile, China, the US, Peru, and Mexico are the top producing countries.

IMOA · USGS
Demand

Steel alloys and superalloys drive demand

Stainless and alloy steel accounts for ~60% of molybdenum demand, used to improve corrosion resistance and high-temperature strength. Superalloys (aerospace turbines, power generation) account for ~15%, chemicals (catalyst for crude oil desulfurization) ~12%, and other ~13%. Molybdenum is listed on the US Critical Minerals List for its importance to defense and aerospace superalloy supply chains.

IMOA · USGS
Policy and macro

Almonty SeAH partnership and South Korea shortage drove 2025 reshoring

A South Korean government public notice in 2025 requested private sector emergency procurement of molybdenum, revealing the strategic vulnerability of relying on Chinese-controlled supply chains. Almonty's Sangdong (South Korea) 60-year molybdenum offtake with SeAH M&S (5,600 t/yr at $19/lb floor, supplying SpaceX among others) is the anchor contract for Western reshoring. US critical minerals listing.

IMOA · Almonty IR

Key market data

Molybdenum fundamentals

By-product vs Primary Share
~65-70% by-product

Most molybdenum is produced as a by-product at copper porphyry mines. Primary mines (Henderson, Climax, CMOC Sandaozhuang) control only 30-35% of supply. This creates unusual price dynamics: copper market conditions heavily influence molybdenum supply regardless of moly price.

IMOA · USGS
Critical Mineral Status
US Listed

Added to US USGS Critical Minerals List. Important for high-temperature superalloys in aerospace engines, power turbines, and defense applications. South Korea shortage crisis in 2025 elevated Western policy focus.

USGS Critical Minerals List
Demand by Application
Steel alloys 60%

Alloy and stainless steel ~60%, superalloys (turbines, aerospace) ~15%, chemical catalysts (crude oil desulfurization) ~12%, other ~13%. Molybdenum is uniquely difficult to substitute in high-temperature superalloy applications.

IMOA
Largest Producer
China (~45%)

China is the largest individual producing country at ~45% of global mine output. Freeport-McMoRan's Henderson (Colorado) and Climax (Colorado) are the two largest primary molybdenum mines in the Western world.

USGS
Global Production
~300kt Mo/yr

Annual molybdenum production approximately 300,000 tonnes of contained Mo. China ~45%, Chile ~20% (copper by-product), the US ~11% (Henderson + Climax primary + copper by-product), Peru ~8%, Mexico ~4%, other ~12%.

USGS
Price Volatility (90-day)
~28%

Moderate volatility tied to copper mine production decisions and alloy steel demand. Page hero $25.97/lb moly oxide (Metal Bulletin/Fastmarkets Sep 2025; current spot in similar range).

Calculated from Fastmarkets assessments
2026 price forecasts

Molybdenum price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in molybdenum

Ways to gain molybdenum exposure

Full investing guide
ETFs

Molybdenum ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

Molybdenum stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

Molybdenum futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The molybdenum oxide price shown is from Platts/Fastmarkets moly oxide (MoO3, 57% Mo) assessments, updated weekly. Page hero $25.97/lb reflects the 2025-2026 spot range.