Why Is Molybdenum so Expensive?

Molybdenum is a relatively rare and valuable metal, and its high price is due to a combination of factors. Firstly, the production of molybdenum is limited to a few countries with significant reserves, which can affect the supply and demand balance. Secondly, molybdenum mining and processing require specialized equipment and processes, which can be expensive to operate and maintain. Additionally, the uses of molybdenum are diverse, and its unique properties make it highly desirable for many industrial applications, which further increases its demand and price.

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