What is Molybdenum (XMO)?
Molybdenum is a refractory metal with a melting point of 2,623 °C, second only to tungsten and rhenium. It gives steel strength at high temperatures and corrosion resistance.
Molybdenum applications
About 80% of molybdenum is used in special steels and superalloys. Molybdenum-containing steel is used in oil and gas, bridge construction, automotive and defence industries. Molybdenum superalloys power aircraft turbines and power plants.
The molybdenum market
Major producers are China, Chile and the US. Molybdenum is often mined as a copper byproduct. Supply deficits and growing energy sector consumption support high prices.