Strong demand molybdenum
International Business Times have reported that molybdenum‘s main use is in high strength steel alloys. These alloys get used in many applications from large construction projects and the energy sector. Molybdenum is irreplaceable due to its ability to reduce corrosion as well as its unique ability for high heat applications.
All new nuclear reactors need an average of 400,000 pounds of molybdenum for the reactors and piping in the power plants. In China there are 100 nuclear power plants in the works over the next few years. Which works out around 40 million pounds of molybdenum needed for Chinese nuclear energy alone.
