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According to customs data, from January to May 2022, China's total import volume of molybdenum products was 12,806.91 tons, a year-on-year decrease of 62.59%; the cumulative import value was 1,503.6212 million yuan, a year-on-year decrease of 38.62%.
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The development difficulties of China Molybdenum Industry are focused on lacking of systematic and whole research and development, patent and technicians problem, and market information spreading speed, etc.
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China has developed the first domestic G6 generation ultra-large size high-end molybdenum target with completely independent intellectual property rights, and achieved mass production in this quarter.
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China is still the world's largest molybdenum producer. China's molybdenum output in the second quarter of 2019 was 230,42 tons, a decrease of 1% from the previous month and a 2% increase from the same period last year.
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Due to its high strength, high melting point, corrosion resistance and wear resistance, molybdenum has been used in steel, chemical, electrical, pharmaceutical and agricultural fields. China is the country with the most abundant molybdenum resources in the world.
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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.
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