Molybdenum prices are running high, hitting a nearly three-year high, as "replacing tungsten with molybdenum" achieves a shift in attributes to "high-end semiconductor strategic material."

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Mars Financial News: Recently, news that leading memory chip manufacturers are replacing traditional tungsten with molybdenum for memory word lines has driven the domestic molybdenum-related industrial sectors to strengthen. Molybdenum iron prices have been operating at high levels within the year, recently exceeding 300k yuan per ton for the first time in nearly three years. Journalists learned from the industry that the current implementation of the "molybdenum replacing tungsten" technology, while having created certain market demand, has a very small supply volume and is highly concentrated, resulting in limited performance boosts for most related listed companies. However, in the long term, molybdenum metal has transformed from a traditional "steel cycle byproduct" into a "strategic core material for semiconductors and high-end manufacturing," achieving a shift from "traditional cyclical industrial metal" to "high-end semiconductor strategic material." Prices are expected to maintain a pattern of "upward shift in the center of gravity combined with high-level volatility." (Securities Times)
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