Average content of molybdenum in the earth's crust is 0.00011%, and the global reserves of molybdenum resources are about 11 million tons. Molybdenum has the advantages of high strength, high melting point, corrosion resistance, wear resistance and the like, and is widely used in steel, petroleum, chemical, electrical and electronic technology.
The attributes of China's resource-consuming countries are too strong, and the attributes of resource-producing countries are often overlooked. China's vast land and resources, in terms of mineral resources, is the world's largest leader, tin, gallium, antimony, rare earth, tungsten, molybdenum etc.
Research firm Roskilde recently reported that if no new mine projects are launched in the next few years, China's stricter environmental regulations and the depletion of mine supply may result in a lack of tungsten resources.
The GF strategy released "A-share evolution", proposing financial supply-side reforms to reshape China's dominant enterprises. Among them, the "non-ferrous metal industry: opportunities for new materials" pointed out that small metal fields (rare earth, tungsten, molybdenum, tin) are important strategic metals.