Molybdenum

Molybdenum decreased 1.25 USD/Kg or 2.79% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Molybdenum reached an all time high of 87 in October of 2005. Molybdenum is a silvery metal with the sixth-highest melting point of any element, it can withstand extremely high temperatures and is highly resistant to corrosion. Molybdenum is mainly used as an alloying agent in stainless steel, and also in the manufacture of aircraft parts and industrial motors. The biggest producers of the metal are: China, United States, Chile, Peru and Mexico. Molybdenum Futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes.

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