Molybdenum Prices

Molybdenum prices averaged USD 50,707 per metric ton in December, up 4.3% from November. On 31 December, the commodity traded at USD 50,707 per metric ton, unchanged from 29 November.

Prices averaged above November’s level in December, as the ongoing global monetary policy easing cycle likely boosted prices during late November. On the other hand, prices flatlined throughout December in the absence of significant market operations.