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Molybdenum

A refractory metal used mainly to strengthen steel and make it more resistant to corrosion. Most supply is a by-product of copper mining. China, Chile, the United States and Peru are the largest producers. Molybdenum is not on the US or EU critical lists, but China controls exports of some molybdenum products.

Supply risk

Reviewed 3 Oct 2026 · Methodology

Moderate

Diverse by-product supply; China licenses only some molybdenum powders

Export controls (elevated) and policy (elevated) set the level, but neither reaches the main traded forms: China's licensing since 4 Feb 2025 covers molybdenum powders, a small share of supply, and the sanctioned producers Iran and Russia are minor. Supply concentration is moderate, with China mining about 37% of world output in 2025.

Since 1 Jan 2023 · Sources: U.S. Geological Survey, Global Times

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Risk drivers

Supply concentrationModerate
World mine output was about 260,000 t in 2025. China produced about 37%, Chile 16%, the US 15% and Peru 15%; with Mexico these made 90%. Outside China and the US, molybdenum is recovered only as a by-product of copper mining.Source: U.S. Geological Survey
Export controlsElevated
Since 4 Feb 2025, China's Announcement No. 10 has required export licences for certain molybdenum items, which USGS describes as molybdenum powders; it stayed in force after the Nov 2025 suspensions. China's 2026 dual-use catalogue split molybdenum codes more finely. Since 6 Jan 2026 dual-use exports to Japanese military end users are banned.Sources: Global Times, U.S. Geological Survey, Pillsbury Winthrop Shaw Pittman, China Briefing (Dezan Shira & Associates), Ministry of Commerce of the People's Republic of China
Policy & tariffsElevated
Iran and Russia, minor molybdenum producers, are under US sanctions programmes. The US is a net exporter and imports mainly from Chile and Peru. Proclamation 11001 of 14 Jan 2026 closed the US Section 232 critical-minerals review without a tariff and opened negotiations.Sources: U.S. Department of the Treasury, Office of Foreign Assets Control, U.S. Department of the Treasury, Office of Foreign Assets Control, U.S. Geological Survey, Thompson Hine
Operational disruptionLow
No significant outage at a major molybdenum mine was identified in the 12 months to October 2026. An idled US primary mine in Idaho is scheduled to restart in the second half of 2027.Source: U.S. Geological Survey
Demand shockModerate
USGS expects consumption to stay strong as countries invest in renewable-energy infrastructure. US apparent consumption rose 18% in 2025 while world output grew 2%, and copper producers have upgraded plants to recover more molybdenite.Source: U.S. Geological Survey

A supply-availability rating, not a price forecast or investment view. Export-control information is factual and is not legal advice.

Trade flows

2024 · HS 2613

Molybdenum ores and concentrates (roasted and unroasted)

Recorded world imports: 446,118 t · $7.81B

Top exporters

  1. Peru42%188,748 t · $1.81B
  2. Chile17%74,376 t · $1.86B
  3. United States13%56,367 t · $1.18B
  4. Mexico6%28,300 t · $733M
  5. Netherlands6%26,562 t · $651M
  6. China3%15,054 t · $401M
  7. Kazakhstan2%7,313 t · $143M
  8. Mongolia2%7,246 t · $130M
  9. Armenia1%6,557 t · $126M
  10. Belgium1%4,808 t · $132M

Top importers

  1. Chile31%138,075 t · $837M
  2. China15%66,480 t · $1.21B
  3. South Korea9%40,503 t · $1.04B
  4. Netherlands7%32,374 t · $784M
  5. Japan7%29,425 t · $793M
  6. United States7%29,367 t · $613M
  7. Brazil5%24,379 t · $382M
  8. India4%18,192 t · $512M
  9. United Kingdom3%15,470 t · $434M
  10. Belgium3%13,989 t · $356M

Largest routes

  1. Peru→Chile130,977 t · $690M
  2. Peru→China30,843 t · $570M
  3. Peru→United States20,902 t · $417M
  4. Chile→Japan19,878 t · $524M
  5. United States→Netherlands19,232 t · $453M

Source: UN Comtrade, imports reported by 60 countries for 2024. Exporters are ranked by what importing countries recorded (mirror data), so countries that do not report their own exports are still counted. Values are in US dollars including freight and insurance. Weights are product weight. Recent years can be incomplete, and unrecorded trade is not included.

Overview

Molybdenum is a metal with a above 2,600 °C. Its main use is as an alloying element that makes steel stronger and more resistant to and wear.12 Most of it goes into , constructional and tool steels, and cast iron.3

Molybdenum is not on the US 2025 List of , and it is not listed as a critical or strategic raw material under the EU .45 It is covered here because it is a widely traded steel-alloying metal. Since February 2025, China has also required for some molybdenum products.62

Where it comes from

The main is molybdenite (molybdenum disulfide). It is roasted to molybdenum , which can then be reduced to metal.1 Molybdenum occurs as the main sulfide in large low-grade porphyry molybdenum deposits and as an associated sulfide in low-grade porphyry copper deposits.2

Most supply is a of copper. In 2025 only China and the United States produced molybdenum from both primary molybdenum mines and copper mines; the other producers relied on copper mining.2 Many copper producers have upgraded their plants to recover more molybdenite, which helps offset aging mines and falling ore grades.2

World rose about 2% to an estimated 260,000 t in 2025. China, Chile, the United States, Peru and Mexico, in that order, produced 90% of it. China alone produced about 37%.2

Mine production by country (molybdenum content)2025 (est.) · world 260,000 t
  • China37%
  • Chile16%
  • United States15%
  • Peru15%
  • Mexico7%
  • Armenia2%
  • Other countries8%

World total is the USGS rounded figure; the country estimates add up to 259,900 t. "Other countries" includes Kazakhstan, Mongolia, Iran, Canada and Uzbekistan. Source: Mineral Commodity Summaries 2026: Molybdenum

Identified are about 5.4 million t in the United States and about 20 million t in the rest of the world. considers them adequate to supply world needs for the foreseeable future.2

What it is used for

About a quarter of newly mined molybdenum goes into molybdenum-grade stainless steel. Constructional steel, tool and high-speed steel, and cast iron together take another 54%. The rest goes into upgraded products such as nickel , chemicals, lubricant-grade molybdenum disulfide and molybdenum metal.3

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Typical products include engine parts, heating elements, drills and saw blades. Molybdenum disulfide is used as a lubricant additive at high temperatures. Molybdenum compounds are also used as in petroleum and in pigments, circuit-board inks and electrodes.1 USGS expects global consumption to stay strong as countries continue to invest in renewable energy infrastructure.2

Grades and forms

is roasted to molybdic oxide. Ferromolybdenum, metal powder and chemicals are then made from the oxide.2 USGS reports US molybdic oxide on the basis of 57% molybdenum content.2

Molybdenite concentrate

Molybdenum disulfide concentrate from primary molybdenum mines and from copper mines as a by-product.

Technical molybdic oxide (MoO₃)

≈ 57% Mo

Roasted concentrate and the main traded intermediate, added directly to steel or converted to other products.

Ferromolybdenum (FeMo)

Iron-molybdenum alloy made from molybdic oxide and used to add molybdenum to steel and cast iron.

Molybdenum chemicals

Ammonium and other molybdates and oxides used in catalysts, pigments and further processing.

Molybdenum metal powder and mill products

Pure metal for heating elements, electrodes and high-temperature parts; certain powders are export-controlled by China.

Molybdenum disulfide (lubricant grade)

Solid lubricant and additive for high-temperature applications.

Trade and policy

The United States is a net exporter of molybdenum. Mine output rose 18% to an estimated 40,000 t in 2025, from two primary mines in Colorado and seven copper mines in Arizona, Montana, Nevada and Utah. In 2021–24, US imports came mainly from Chile (36%) and Peru (35%).2 An idled molybdenum mine in Idaho is scheduled to restart in the second half of 2027.2

China has added certain molybdenum items to its :

DateEvent
4 Feb 2025China's Ministry of Commerce (MOFCOM) and General Administration of Customs impose export controls on items related to tungsten, tellurium, bismuth, molybdenum and indium (Announcement No. 10 of 2025), effective the same day.6 The controlled molybdenum items include molybdenum powders.2
Nov 2025China suspends several export-control measures, including most of those announced in October 2025, but Announcement No. 10 stays in force. Licenses are still required.7
1 Jan 2026China's 2026 catalogue of dual-use items subject to import and export licensing takes effect. Molybdenum product codes are split into more specific sub-classifications, and missile-related molybdenum powder is listed.8
6 Jan 2026MOFCOM bans exports of all dual-use items to military users and military end uses in Japan.9

USGS reports that the February 2025 controls led the United States and other countries to look for other sources.2

This section is factual background, not legal or trade-compliance advice.

Recycling and substitution

Molybdenum is as part of steel, and catalyst rather than through separate refining. Molybdenum in recycled steel and other scrap may be as much as 30% of apparent supply.2

There is little for molybdenum in steels and cast irons. Boron, chromium, niobium and vanadium can replace it in some alloy steels, and tungsten in tool steels. Graphite, tantalum and tungsten can replace it in refractory materials for high-temperature furnaces.2

Sources

  1. Molybdenum: element information, properties and uses. Royal Society of Chemistry, accessed 2026-10-03. ↩ ↩2 ↩3

  2. Mineral Commodity Summaries 2026: Molybdenum. U.S. Geological Survey, accessed 2026-10-03. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16

  3. Molybdenum uses: first use of molybdenum. International Molybdenum Association, accessed 2026-10-03. ↩ ↩2

  4. Final 2025 List of Critical Minerals. Federal Register, accessed 2026-10-03. ↩

  5. Regulation (EU) 2024/1252 (Critical Raw Materials Act). EUR-Lex, accessed 2026-10-03. ↩

  6. MOFCOM, GAC announce decision on export controls of tungsten, other items, effective February 4. Global Times, accessed 2026-10-03. ↩ ↩2

  7. China suspends export controls (summary tables of valid and suspended MOFCOM announcements). Pillsbury Winthrop Shaw Pittman, accessed 2026-10-03. ↩

  8. China import and export licensing regime in 2026. China Briefing (Dezan Shira & Associates), accessed 2026-10-03. ↩

  9. MOFCOM Announcement No. 1 of 2026 on strengthening export controls on dual-use items to Japan. Ministry of Commerce of the People's Republic of China, accessed 2026-10-03. ↩

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