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Development status of molybdenum resources in China

Since the reform and opening up, China's molybdenum industry has ushered in the peak of development. In 1995, China's molybdenum concentrate output increased from 10,000 tons in 1985 to 73,000 tons, increased to 180,000 tons in 2008, and reached a historical high of 202,000 tons in 2014.

Later, due to the sluggish performance of the steel industry, the growth rate of molybdenum demand slowed down, and the excess supply of molybdenum led to the continuous decline of molybdenum price, and the annual output dropped to 185,000 tons in 2016.

According to statistics, the average output of molybdenum concentrate in China from 2007 to 2016 was 179,000 tons.

In recent years, the development of domestic molybdenum resources shows the trend of increasing concentration, large quality mines gradually control in the hands of a few enterprises, among which state-owned enterprises accounted for the vast majority.

In 2016, China had about 20 mines with a certain scale of production, among which the top five enterprises accounted for 70% of the total production.
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