
Rare earth market update on August 22, 2025 This week, the domestic molybdenum market has shown a steady upward trend, driven by multiple factors including tight raw material spot supply, downstream users’ procurement primarily based on rigid demand, decent performance in steel mill tender prices, strong production cost support, and positive market expectations for future trends. As a result, molybdenum mining companies have generally raised their quotes, further boosting the confidence of other molybdenum product suppliers to increase prices. Today,…