How to Invest in Molybdenum
Molybdenum is a hard, silvery-white, malleable, metallic element that was discovered in 1778. Molybdenum can be found in the form of molybdenite and wulfenite in nature. This metal is best known for its uses in high-strength steel alloys thanks to its high melting point and resistance to corrosion. Much of the supply is obtained as a by-product of copper mining; major producers include the United States, China, and Chile.
A play on molybdenum can be thought of as a bet on the growth of the global industrial sector. This metal is used in aircraft parts, automobile parts, power plants, ships, oil & gas pipelines and even fertilizers. Molybdenum is also used as a high-performance lubricant and catalyst in chemical applications, making this an incredibly versatile commodity.
