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Molybdenum Price Today
Last updated: April 30, 2026 at 10:00 AM EDT ET · Source: COMEX / LBMA
Calculate Molybdenum Value
1 Grams (g) of Molybdenum
$739.47
Spot price: $23,000.00/oz
Rate: 1 USD = 1 USD
Approximate value - excludes taxes, premiums
Exchange rates are indicative. Actual buy/sell prices include dealer premiums. Not financial advice.
Price by Weight
| Unit | USD Price |
|---|---|
| Troy Ounce (oz t) | $23,000.00 |
| Gram (g) | $739.47 |
| Kilogram (kg) | $739,466.62 |
| Tola (10g) | $7,394.67 |
| Pennyweight (dwt) | $1,150.00 |
Price by Currency (per troy oz)
| Currency | Price |
|---|---|
| 🇺🇸USD | $23,000.00 |
| 🇨🇦CAD | CA$31,280.00 |
| 🇪🇺EUR | €21,160.00 |
| 🇬🇧GBP | £18,170.00 |
| 🇦🇺AUD | A$35,420.00 |
| 🇨🇭CHF | Fr20,700.00 |
| 🇯🇵JPY | ¥3,530,500 |
| 🇮🇳INR | ₹1,918,200 |
Exchange rates are approximate. Source: COMEX / LBMA
About Molybdenum
Molybdenum (commonly called "moly") is the steel hardener — a transition metal that when added to steel in small quantities dramatically increases its strength, toughness, and resistance to heat and corrosion. Approximately 80% of all molybdenum produced is used in steel and iron alloys, where it is a critical ingredient in high-strength low-alloy (HSLA) steels used in pipelines, construction, automotive components, and defense systems.
Superalloys — high-performance metal alloys that retain strength at extreme temperatures — represent molybdenum's most demanding application. Nickel-based superalloys containing molybdenum are used in jet engine turbine blades, gas turbine components, and aerospace structures that must maintain integrity at temperatures exceeding 1,000°C. These applications command premium prices and represent a growing share of demand.
China is the world's largest molybdenum producer, followed by the Americas — particularly Chile and the United States. Most of North America's molybdenum production comes as a byproduct of copper mining (the same ore bodies often contain both metals), with major operations at Freeport-McMoRan's Climax and Henderson mines in Colorado and Chilean copper porphyries. Pure molybdenum mines exist but are less common.
Beyond steelmaking, molybdenum has important applications in petroleum refining (HDS catalysts that remove sulfur from fuels), lubricants (MoS₂ — molybdenum disulfide — is one of the best solid lubricants known), and as a substitute for tungsten in some high-temperature applications. Its role in energy transition infrastructure, including high-strength steel for wind towers and pipelines, positions molybdenum as a quiet beneficiary of the green economy.
Frequently Asked Questions
What is molybdenum used for in steel?
Molybdenum is added to steel in small quantities (typically 0.1-0.5%) to improve hardenability, strength, toughness, and resistance to corrosion and creep at elevated temperatures. Moly steel is essential in oil and gas pipelines (which must withstand high pressures and corrosive environments), automotive structural components, construction steel for high-rise buildings, and military armor plate. Even small additions dramatically improve steel performance.
Is molybdenum a rare metal?
Molybdenum is not particularly rare in geological terms — it ranks 54th in crustal abundance. However, economic ore concentrations are relatively uncommon. World production is around 300,000 metric tons per year, making it less abundant than copper or zinc. Supply is dominated by China and the Americas, with significant production coming as a byproduct of copper mining — meaning molybdenum supply can be affected by copper market economics.
How is molybdenum priced?
Molybdenum oxide (MoO₃) and molybdenum metal are the primary traded forms. Unlike copper or zinc, molybdenum does not have a major exchange-traded futures contract — prices are primarily set through bilateral contracts and spot market transactions reported by Metal Bulletin and Fastmarkets. Prices are quoted in USD per metric ton of contained molybdenum, with roasted molybdenum concentrate also commonly traded.
What is molybdenum disulfide (MoS₂)?
Molybdenum disulfide (MoS₂) is one of the world's most effective dry lubricants. Its layered crystal structure allows easy shear between layers, creating very low friction. MoS₂ is used in aerospace lubricants that must function in vacuum and extreme temperatures, two-stroke engine oils, anti-galling compounds for fasteners, and as a coating for firearms. It is effective where conventional oil-based lubricants would fail or evaporate.
Will green energy increase molybdenum demand?
Yes — several energy transition applications drive molybdenum demand growth. High-strength moly steel is used in wind turbine towers and foundations, where strength-to-weight ratio is critical. Natural gas infrastructure (pipelines, processing equipment) requires moly-alloyed steel. Hydrogen production via electrolysis uses molybdenum-based catalysts. As global steel demand shifts toward higher-strength grades for infrastructure, moly's share in steelmaking may increase.