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🇨🇦 Molybdenum Price Today in Canada | C$28,560
Live molybdenum price in Canadian Dollar (CAD) — updated every minute
Last updated: May 5, 2026, 12:57 AM ET
Price (CAD)
C$28,560
Price (USD)
$21,000
USD/Molybdenum Spot
$21,000.00
USD/CAD Rate
1 USD = 1.36 CAD
About Molybdenum
Molybdenum is an essential alloying element that dramatically increases the strength, hardness, and corrosion resistance of steel at high temperatures. It is critical for oil & gas pipelines, chemical processing equipment, and stainless steel. China, Chile, and the United States are the primary producers.
Molybdenum price in Canada: what drives it?
Molybdenum is a niche but strategically important metal with concentrated supply and resilient demand from the oil & gas and specialty steel sectors. Energy infrastructure investment and aging pipeline replacement in developed markets support long-term demand. It is classified as a critical mineral by the US, EU, and other major economies. The molybdenum price in Canada is determined by the global USD spot price multiplied by the USD/CAD exchange rate.
Frequently Asked Questions — Molybdenum in Canada
What is the molybdenum price today in Canada?
Molybdenum prices in Canada are based on the international spot price (typically quoted as molybdenum oxide in USD per metric ton), converted to Canadian Dollar. The LME has listed molybdenum futures since 2010.
What is molybdenum used for?
Approximately 80% of molybdenum is used in steel alloys — it improves high-temperature strength, corrosion resistance, and hardenability. Key applications include oil and gas pipelines, pressure vessels, drill bits, and stainless steel. Other uses include lubricants (molybdenum disulfide), catalysts in petroleum refining, and electronics.
Where is molybdenum mined?
China is the world's largest molybdenum producer (~45%), followed by Chile (~18%), the United States (~15%), and Peru. The Henderson mine in Colorado and Climax mine in the US are historically significant. Molybdenum is often produced as a byproduct of copper mining.
How does oil price affect molybdenum?
High oil prices incentivize oil & gas infrastructure investment — new pipelines, refineries, and processing equipment all require high-strength molybdenum steel. When oil prices rise, molybdenum demand typically follows with a 6–12 month lag as new projects are approved and construction begins.
Is molybdenum a critical mineral?
Yes. The EU, US, and other major economies classify molybdenum as a critical raw material due to its strategic importance for high-performance steels used in defense, energy, and aerospace applications. Supply concentration in China raises geopolitical supply risk concerns for Western manufacturing.