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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.
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.
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.
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