Recently, major memory chip producers have embraced molybdenum as a substitute for traditional tungsten in crafting memory word lines, fueling the growth of China's molybdenum-related industries. The price of ferromolybdenum has remained at an elevated level this year, recently surpassing 300,000 yuan per ton for the first time in almost three years. Reporters have learned from industry sources that although the 'molybdenum-replacing-tungsten' technology has been implemented and has sparked some market demand, the supply volume remains limited and highly concentrated, exerting a marginal influence on the performance of most listed companies in the sector. In the long term, molybdenum metal has evolved from a traditional 'steel cycle accessory' to a 'strategic core material for semiconductors and high-end manufacturing', marking a significant shift in its properties. Prices are anticipated to maintain an upward trajectory, characterized by 'moderate growth punctuated by high-level fluctuations'.