China Molybdenum: Mine Tender Clears Above Reserve | FeMo Cost Support

China’s molybdenum market firmed this week as a Jiangxi mine tender cleared above reserve prices, reinforcing cost support under ferromolybdenum (FeMo):

📊 Key figures

• Mo concentrate (Mo40-45%): 544 tonnes sold at RMB 5,395/tonne-degree — RMB 15 above floor (Cu ~4.09%, P ~0.085%)
• Mo concentrate (Mo45-50%): 96 tonnes sold at RMB 5,430/tonne-degree — RMB 20 above floor (Cu ~1.99%, P ~0.081%)
• Implied FeMo production cost: RMB 342,000-344,000/ton (35% cash / 65% acceptance)

🔍 Our read

1. The 640-tonne tender clearing above reserve signals solid raw-material demand and firm cost support beneath FeMo prices.
2. Downside remains limited even as end-user buying stays cautious — the next move hinges on how steel-mill tenders follow through.
3. With production cost now anchored near RMB 342,000-344,000/ton, sellers have little room to cut prices.

Sourcing ferromolybdenum, ferrovanadium or other ferroalloys? Hubei Jiefeng Metallurgy — 18 years in ferroalloy supply, 1,000+ tons in regular stock.

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