Molybdenum prices have been constantly increasing over the past few weeks

Molybdenum prices have been rising steadily, driven by increased demand from the steel industry. China's recent economic stimulus, which includes liquidity boosts and reduced borrowing costs, has intensified industrial activity, pushing the need for steel and its alloys, including molybdenum. This rise aligns with broader trends seen in base metals like copper and nickel. Additionally, upcoming tariffs on Chinese steel, such as Canada's planned 25% surtax, are adding uncertainty to the market, contributing to price increases as global producers reconfigure supply chains.

The Chinese stimulus has played a key role in supporting molybdenum prices. Along with tariffs on Chinese imports, this has led to supply chain shifts, which further add pressure. Meanwhile, strong global credit conditions and economic stability, particularly in the U.S., have also supported the rise in molybdenum prices as global liquidity improves.

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Looking ahead, molybdenum prices are expected to maintain an upward trend, especially with growth in the construction sector fueled by Chinese stimulus efforts. However, potential oversupply could limit this rise.