Molybdenum is one of those relatively new mining discoveries that few people know or care about until it enhances their life in some way. Molybdenum has been quietly sitting under the surface of the earth in the East Pilbara region of Western Australia for several millenniums, but now is the time for it to shine above the surface. Molybdenum is a magic metal that is finding its rightful place in a global economy that’s always searching for natural resources that improve the quality of other materials as well as the quality of life.
Molybdenum has unique properties that enhance the strength as well as the corrosion resistance of other metals like stainless steel. That accomplishment has made molybdenum a potential rock star of the mining industry. Molybdenum consumption is growing exponentially and the price of this precious commodity is growing along with the demand. The petroleum industry is especially fond of Molybdenum. The development of corrosion resistant pipelines and the removal of the obnoxious impurities like sulphur in crude oil are making it a valuable partner. The automotive, aerospace, and nuclear industries are also finding important uses for Molybdenum oxide so the financial world is finally waking up and taking notice.