China’s molybdenum industry development
? In this article, we will talk about the present situation and prospect of China molybdenum industry development.At present, China’s proven molybdenum reserves ranks second in the world. Three of world’s six largest molybdenum minerals are in China. Nowadays, there are plenty of smelting plants in China. China also has many experienced and qualified molybdenum manufacturers. At the same time, China also has a huge research team who are committed to the development of new technology, new products and processing technology.
The feathers of China molybdenum industry development are: now China has a full set of production system and has sufficient capacity to produce all kinds of molybdenum products. The industrial molybdenum oxide, ferromolybdenum and molybdenum chemicals have higher output. Because of cheap labor and raw materials, China’s manufacturers has a larger advantagein the molybdenum production cost. Because current domestic molybdenum consumption is small, therefore molybdenum consumption mainly relys on the international market.
As for the prospect to China’s molybdenum industry development, it can be expected that in the future period of time, China molybdenum product cost will increase and China molybdenum output will decline. Molybdenum consumption of Chinese domestic enterprises will continue to grow. In the chemical industry, molybdenum metal and related products, more and more new processing capacity are emerging.
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