World demand for molybdenum
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Forecast
The world’s largest producers of molybdenum, expect that the demand for this metal can grow by 5−5.5% annually due to the development of energy. The use of molybdenum alloys in oil drilling equipment supports this increase, and demand from China’s nuclear power plants will grow by 20% per year. In the next two years, there will be a shortage of metal on the market.
Prospects for growth
Thomson Creek plans to increase the annual production of molybdenum to 16 thousand tons. Companies that produce molybdenum, including the world’s largest producer of this metal, Freeport McMoRan Copper & Gold Inc., are increasing production in order to benefit from commercial price increases in the foreseeable future.
Physical properties
| Description | Notation |
|---|---|
| Chemical symbol | Mo |
| Density [g / cm3] | 10.2 |
| Melting point t ° C | 2620 ° С |
| Thermal conductivity K [W / (m · K)] | 142 |
| Specific electrical resistance R Ohmmm2 / m | 0.054 |
Storage
In closed warehouses or under a canopy, where adequate protection against mechanical and other damages is provided.
Delivery, price
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