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Molybdenum
NextIntroduction
Molybdenum is a silver-grey metal known for its high strength and resistance to heat and corrosion. It is mainly extracted from molybdenite ore, with key production centres in China, the United States, and Chile. Molybdenum is primarily used in steel alloys, electronics, and as a catalyst in the chemical industry.
What molybdenum types are frequently traded on Metalshub?
Sub-Category | Abbreviation | Core Content Range | Size Range |
Ferromolybdenum | FeMo | Mo 30-100% | 0-250 mm |
Molybdenum Metal | Mo Metal | Mo 98-100% | 1-600 mm |
Molybdenum Metal Scrap | Mo Metal Scrap | Mo 99.8-100% | n/a |
Molybdenum Oxide Briquettes | MoOx Briq | Mo 5-100% | 10-50 mm |
Molybdenum Oxide Powder | MoOx Powder | Mo 55-100% | 0-70 mm |
Unroasted Molybdenum Concentrate | UMC Powder | Various | n/a |
Please note that the above listed sub-categories including its core content and size ranges are just a snapshot of Metalshub’s currently traded raw materials. We are adding new sub-categories on a monthly basis and would be happy to assess your specific requirements to this category.
How can Metalshub help in buying and selling molybdenum?
Metalshub provides producers and consumers of molybdenum with a software solution to improve the way they buy or sell it. Our software connects over 2,000 companies in a joint trading network. This allows sellers to discover new buyers of molybdenum and buyers to discover new suppliers of molybdenum.
For buyers, Metalshub’s Procurement Solution allows steel mills, foundries, and other consumers to digitalise their procurement process in order to increase sourcing efficiency, ensure compliant buying, and take data-driven decisions. For sellers, Metalshub’s Sales Solution allows miners, traders, and other sellers to digitalise their sales process, manage inventory, and optimise their sales book.
What is the price of molybdenum?
Several institutions provide pricing for molybdenum:
- Argus Media: Argus tracks molybdenum prices journalistically, providing real-time price assessments for different regions and products like molybdenum concentrate and ferromolybdenum (Argus Media).
- S&P Global: S&P provides journalistic molybdenum price analysis, especially in relation to its use in the steel industry. Their data covers global market trends and highlights significant price movements (S&P Global).
- Metis: For ferromolybdenum as well as molybdenum oxide briquettes, robust transaction-based price data is made available by Metis. The prices are adjusted considering FCA warehouse in a major European sea port and prepayment (Metis).
Beyond these three examples, other providers may also provide prices.
What are the key countries of origin for molybdenum?
The top producers of molybdenum include:
- China – ~45% of global molybdenum production
- United States – ~20% of global molybdenum production
- Chile – ~15% of global molybdenum production
- Peru – ~<10% of global molybdenum production
- Mexico – ~5% of global molybdenum production
Who are some of the key producers of molybdenum?
Some of the key producers of molybdenum include:
- China Molybdenum (China) – ~20% of global molybdenum production
- Freeport-McMoRan (USA) – ~<15% of global molybdenum production
- Codelco (Chile) – ~10% of global molybdenum production
- Southern Copper Corporation (Mexico) – ~<10% of global molybdenum production
- Grupo México (Mexico) – ~<10% of global molybdenum production
How is molybdenum mined and produced?
Molybdenum is extracted from molybdenite ore, primarily through open-pit mining operations. The ore is crushed and ground, and molybdenum is separated through flotation. The extracted molybdenum concentrate is then roasted to produce molybdenum oxide, which can be further refined into ferromolybdenum or molybdenum metal. Molybdenum is often produced as a byproduct of copper mining.
What is molybdenum used for?
Molybdenum is primarily used in steel alloys (~70%), where it improves strength, heat resistance, and corrosion resistance. It is also used in electronics (~15%) for its conductive properties and in the chemical industry (~10%) as a catalyst in various reactions.