Uses and Facts
- valuable alloying agent, as it contributes to the hardness and toughness of quenched and tempered steels.
- used in certain nickel-based alloys which are heat-resistant and corrosion-resistant to chemical solutions.
- electrical and nuclear applications and as a catalyst in the refining of petroleum.
- There are significant molybdenum resources around the world with an average price of US 25 per pound according to UGSG mineral summary, 2006.