Molybdenum market update on November 4, 2025 Domestic molybdenum prices continue their subtle downtrend, with molybdenum concentrate, ferromolybdenum and ammonium heptamolybdate falling another RMB 20 per ton-unit, RMB 3,000 per ton and RMB 2,000 per ton respectively. Traders remain cautious and mostly on the sidelines, resulting in tepid market activity and thin transaction volumes. The molybdenum concentrate market stays weak, dragged by soft downstream demand, lackluster international prices and growing supplier worries about the outlook. Still, robust production costs and…