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.
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.
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.
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.
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.
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.
Because of its high strength, high melting point, corrosion resistance, wear-resistant research and other characteristics, molybdenum has always been used in steel, chemical, electrical, pharmaceutical and agricultural fields.