FCX · 10-Q · 2026Q2 · Full report

Molybdenum Price Expansion

FREEPORT-MCMORAN INC · 2026-08-06 · Importance 35 · Surprise 48

Molybdenum Mines’ realized sales price increased to $26.42 per pound in the first six months of 2026 from $20.43 per pound in the comparable 2025 period, an increase of approximately 29%. The quarterly realized price also rose to $27.82 per pound from $20.52 per pound, reflecting substantially stronger molybdenum market pricing. Molybdenum mines recorded a $7 million inventory write-off in the six-month period, equal to $0.42 per pound of molybdenum.

Key facts

• During second-quarter 2026, weekly average prices for molybdenum averaged $29.40 per pound (low $26.67, high $31.29) and closed at $31.29 per pound on June 30, 2026; price closed at $32.61 per pound on July 31, 2026. source