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Molybdenum Price Forecast 2027 | Predictions & Outlook
Expert analysis of molybdenum price outlook for 2027 — bull, base, and bear scenarios
Current Molybdenum Price
$21,000.00 / metric ton
Updated
May 5, 2026, 12:57 AM ET
🐂 BULL CASE
35,000
Target per metric ton
📊 BASE CASE
22,000
Target per metric ton
🐻 BEAR CASE
14,000
Target per metric ton
🐂 Bull Case: 35,000/metric ton
Molybdenum surges if oil prices rise significantly, driving massive pipeline and refinery investment globally. Defense spending increases (requiring high-performance alloy steel) add demand. Chinese infrastructure stimulus could drive stainless steel and specialty steel demand. Bull case: $35,000/ton.
📊 Base Case: 22,000/metric ton
Molybdenum demand is stable with oil & gas capex maintaining steel pipeline demand. Specialty steel demand from defense, aerospace, and energy infrastructure supports prices. Chinese market normalization. Base case: $22,000/ton.
🐻 Bear Case: 14,000/metric ton
Low oil prices reduce energy infrastructure investment. Chinese steel slowdown reduces alloy steel demand. New molybdenum supply from expanded Chilean operations adds to market. Bear case: $14,000/ton.
Key Price Drivers to Watch in 2027
Oil price and energy infrastructure investment cycle
Defense spending and aerospace alloy demand
Chinese steel production and alloy content requirements
US energy sector pipeline replacement programs
Molybdenum byproduct supply from copper mines
Stainless steel production volumes
Chinese environmental regulations on mining
Analyst Price Targets for 2027
Roskill/Wood Mackenzie
$21,000/ton
Stable market with energy sector demand providing floor.
CRU Group
$24,000/ton
Defense and energy infrastructure demand supports above-average prices.
Disclaimer: Price forecasts are for informational purposes only and do not constitute investment advice. Metal markets are volatile and predictions can be significantly wrong. Always consult a qualified financial advisor before making investment decisions.