Molybdenum oxide used as an alloying agent in steel.
Last updated: November 10, 2026
Source: Molybdenum spot, via MetalpriceAPI
Molybdenum (Molybdenum spot) was 37.34 USD/lb on 10 November 2026, according to MetalpriceAPI data. That is down 2.58% since 11 Oct 2026.
| Price | 37.34 USD/lb |
|---|---|
| As of | 10 November 2026 |
| Type of figure | Market price, live data updated daily |
| What it measures | Molybdenum spot |
| Source | MetalpriceAPI market data |
| Change since 11 Oct 2026 | -2.58% |
| Unit | USD/lb (US dollars per pound) |
Indicative only, not a contract price. How MetalsPlace sources its prices
Molybdenum is an alloying metal used mainly to strengthen steel and make stainless steel resistant to corrosion; grade 316 stainless owes its marine resistance to it. Most molybdenum is produced as a by-product of copper mining, with China, Chile, the US and Peru the largest sources, so supply follows copper output as much as molybdenum demand. It trades as roasted concentrate and ferromolybdenum.
Demand comes overwhelmingly from steel, so stainless and alloy-steel production sets the tone. Supply is unusual: most molybdenum is a by-product of copper mines, so a change in copper output can shift molybdenum supply regardless of molybdenum prices.
The traded benchmark is roasted molybdenum concentrate (molybdic oxide), conventionally priced in US dollars per pound of contained molybdenum. Ferromolybdenum is usually quoted per kilogram instead, so check the unit before comparing quotes.
Grade 316 contains about 2–3% molybdenum, which is the main reason it costs more than 304. A rise in molybdenum prices feeds directly into 316 stainless and 316 scrap values.
| Date | Price | Daily Change |
|---|---|---|
| Nov 10, 2026 | 37.34 | +0.05% |
| Nov 9, 2026 | 37.32 | +0.03% |
| Nov 8, 2026 | 37.31 | — |
| Nov 7, 2026 | 37.31 | -0.11% |
| Nov 6, 2026 | 37.35 | — |
| Nov 5, 2026 | 37.35 | +0.57% |
| Nov 4, 2026 | 37.14 | +0.30% |
| Nov 3, 2026 | 37.03 | -0.35% |
| Nov 2, 2026 | 37.16 | +0.08% |
| Nov 1, 2026 | 37.13 | — |
| Oct 31, 2026 | 37.13 | +0.11% |
| Oct 30, 2026 | 37.09 | +0.03% |
| Oct 29, 2026 | 37.08 | +0.08% |
| Oct 28, 2026 | 37.05 | — |
| Oct 27, 2026 | 37.05 | -0.96% |
| Oct 26, 2026 | 37.41 | +0.05% |
| Oct 25, 2026 | 37.39 | — |
| Oct 24, 2026 | 37.39 | — |
| Oct 23, 2026 | 37.39 | -0.29% |
| Oct 22, 2026 | 37.50 | -0.77% |
| Oct 21, 2026 | 37.79 | — |
| Oct 20, 2026 | 37.79 | +0.05% |
| Oct 19, 2026 | 37.77 | -0.74% |
| Oct 17, 2026 | 38.05 | +0.03% |
| Oct 16, 2026 | 38.04 | -0.26% |
| Oct 15, 2026 | 38.14 | -0.52% |
| Oct 14, 2026 | 38.34 | +0.08% |
| Oct 13, 2026 | 38.31 | -0.05% |
| Oct 12, 2026 | 38.33 | — |
| Oct 11, 2026 | 38.33 | — |
Prices are indicative and updated daily. Not for use as binding contract prices.