
Molybdenum, a Group 6 chemical, is a refractory metallic element. The ability of molybdenum to withstand extreme temperatures without expanding or softening very much makes it useful in a variety of applications that involve intense heat. The manufacture of armour, aircraft parts, electrical contacts, industrial motors and filaments are among the industrial uses of molybdenum. It is used principally as an alloying agent in steel, cast iron, and superalloys to enhance corrosion resistance, strength, toughness, and weldability.
Today’s market size is the value of domestically produced molybdenum based on the average oxide price in 2010. The graphic shows production and apparent consumption figures for a period of 30 years, from 1980 — 2010. Apparent consumption is a calculated figure based on production, plus imports, less exports plus or minus change in stock.
Geographic reference: United States
Year: 2010
Market size: $885 million
Source: “Molybdenum Statistics and Information” part of a series of reports on different minerals and commodities produced by the U.S. Geological Survey and available online here.
Original Source: U.S. Department of the Interior, U.S. Geological Survey (USGS)