The price halving that killed the mine/town in the mid-1980s is barely visible at the very beginning. There was a massive price spike to above $10/lb around 2005, but it fell back to around $2 and has been pretty flat ever since. Production is reasonably evenly split between China, the US and Chile, so geopolitical risk is not huge.
https://www.mining.com/wp-content/uploads/2013/10/molybdenum...
The price halving that killed the mine/town in the mid-1980s is barely visible at the very beginning. There was a massive price spike to above $10/lb around 2005, but it fell back to around $2 and has been pretty flat ever since. Production is reasonably evenly split between China, the US and Chile, so geopolitical risk is not huge.