How Is the Market Demand for Molybdenum?

In recent years, the market demand for molybdenum has shown an increasing trend, mainly because molybdenum is widely used in many key technology fields, especially in high-tech and emerging industries. The following are some of the main application areas for molybdenum:

Manufacture of molybdenum alloy materials: Molybdenum has excellent performance in harsh environments such as high temperature and high pressure, and can be used to manufacture high-strength, high-temperature corrosion-resistant alloy materials in the fields of aerospace, nuclear energy, and automobiles.

Electronics industry: Molybdenum has important applications in electronic components, semiconductor materials, thin film electrodes, etc., especially in LCD, LED and other electronic display devices, molybdenum is used as conductive film, cathode, etc.

Chemical catalyst: Molybdenum can be used as a catalyst in oil refining, fertilizer, synthetic resin and other fields to promote chemical reactions.

Iron and steel smelting: Iron-molybdenum alloy in iron and steel smelting is an important alloy additive, which can improve the strength, corrosion resistance and high temperature resistance of steel.

Other fields: Molybdenum is also used in electric discharge machining, medical equipment, natural gas drilling and other fields.

In short, with the rapid development of high technology and emerging industries, the demand for molybdenum will continue to grow.

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