Molybdenum price is running at a high level near a three-year high. The shift from tungsten to molybdenum achieves the transformation of "high-end semiconductor strategic materials".

Recently, the news that top storage chip manufacturers are using molybdenum instead of traditional tungsten to make storage word lines has driven the domestic molybdenum-related industry sector to strengthen. The price of molybdenum iron has been running at a high level this year, with the price per ton reaching over 300,000 yuan recently, the first time in nearly three years. A reporter from Securities Times learned from the industry that although the "molybdenum replacing tungsten" technology has been implemented and formed a certain market demand, the supply volume is extremely small and highly concentrated, limiting the performance boost for most related listed companies. However, in the long run, molybdenum metal has transformed from a traditional "steel cycle accessory" to a "strategic core material for semiconductors and high-end manufacturing," switching from an "traditional cyclical industrial metal" to a "high-end semiconductor strategic material" attribute, and its price is expected to maintain a pattern of "central upward movement and high-level volatility".