BMO Capital Markets says molybdenum is heading for a sixth straight year of supply deficit in 2027.

“BMO Capital Markets says molybdenum is heading for a sixth straight year of supply deficit in 2027. Prices are up more than 50% year to date. Falling by-product output from South American copper mines is part of the story, and BMO says China’s mines can no longer be counted on to close the gap, as with antimony and tungsten.”