Latest news on China Molybdenum markets

China's FeMo prices recover on cost support

China's prices of ferromolybdenum (FeMo) have recovered since the start of this month, as domestic smelters have leveraged higher prices of moly concentrate, the crucial raw material, to argue that customers must help offset their increased production costs, Mysteel Global learned.

China's FeMo prices ease to 6-month low

China's prices of ferromolybdenum (FeMo) have steadily declined of late, with the price of 60% FeMo in Northeast China, a major production hub for the noble alloy, reaching Yuan 232,000/tonne ($32,761/t) including the 13% VAT as of November 27, falling by Yuan 11,000/t on week and marking the lowest

Negative sentiment drags down China's FeMo prices

China's prices of ferromolybdenum (FeMo) continued to move down amid prevailing negative market sentiment and poor spot transactions for the ferroalloy. As of September 24, the price of 60% FeMo in Northeast China, a major production hub for the noble alloy, was assessed by Mysteel at Yuan 278,000/t

China's FeMo prices lose ground, sentiment softens

China's prices of ferromolybdenum (FeMo) have lost ground as market sentiment has weakened with the fall in bidding prices from steel mills, Mysteel Global learned.

CMOC's moly output slips 5% on year in H1

Molybdenum output at Shanghai- and Hongkong-listed CMOC Group Limited (CMOC) totalled 6,989 tonnes in 100% moly content during this year's January-June period, falling by 360 tonnes or 4.9% from the same period last year, according to the company's latest semi-annual report.

China's FeMo prices climb to near two-year high

China's prices of ferromolybdenum (FeMo) continued to firm this week, with the price of 60% FeMo in Northeast China, a major production hub for the noble alloy, reaching Yuan 275,000/tonne ($3,835/t) including the 13% VAT as of August 14, higher by Yuan 4,000/t on week and the highest since Septembe

Russia to launch development of five molybdenum deposits by 2027

Over the next three years, Russia will begin industrial production of molybdenum at five promising deposits. According to the country's Ministry of Natural Resources, investments in geological exploration of this strategic metal in 2025 will exceed 4.5 billion rubles ($57.5 million), which is more t

WEEKLY: Prices of most stainless grades decline, except for Moly-based stainless

China's stainless steel market broadly declined during the past week, with most grades losing ground, particularly 201 and 304 stainless coils. In contrast, molybdenum (Mo)-containing grades such as 316L saw notable gains, driven by firm ferromolybdenum (FeMo) prices, Mysteel Global has learned.

CMOC's Q1 moly output declines by 4% YoY, but sector revenue rises 5%

Molybdenum output at Shanghai- and Hongkong-listed CMOC Group Limited (CMOC) declined in the first quarter of this year to reach 3,341 tonnes in 100% moly content, down by 3.8% on year, according to the Central China's Henan province-based company's latest quarterly report.

CMOC's 2024 moly output slips by 2% on year

Molybdenum output at Shanghai- and Hongkong-listed CMOC Group Limited (CMOC) during 2024 reached 15,396 tonnes in 100% moly content, posting an on-year dip of 239 tonnes or 1.5%, according to the company's 2024 annual report.