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Molybdenum Concentrate from Erdenet Mining Corporation Sold on the Exchange for the First Time www.open.kg
On September 10, 2026, trading took place at the Mongolian Stock Exchange, where molybdenum concentrate produced at the Erdenet Enterprise was auctioned. The product, containing at least 44% molybdenum, was offered in a volume of 520 wet metric tons (WMT) and 468 dry metric tons (DMT) with a starting price of $28,317.9 per ton.
As a result of active trading, the price of the molybdenum concentrate increased by $5,450 per ton. Thus, the final transaction price amounted to $33,767.9 per ton, and the total amount of the successfully concluded deal reached $15,803,377.2.
The Mongolian Stock Exchange is actively working on expanding the range of traded goods. In this direction, new "Rules for Establishing and Complying with Trading Contract Standards for Molybdenum Concentrate" were developed and approved in 2026, as well as amendments to the general "Rules for Trading in Mineral Products." The successful results of the first trades confirmed the effectiveness of the implemented changes.
Published Date:2026-09-14
