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Top Molybdenum Producers by Country

Like most metals, molybdenum took a hit from the coronavirus in 2020. However, there is optimism for stronger demand in 2021 for industrial metals as global economies recover.

Prices for molybdenum are closely related to copper. The metal is often produced as a by-product of copper, meaning that molybdenum output tends to rise and fall depending on how much copper is being produced. Oil prices are also a good indicator of where the molybdenum market is headed.

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Molybdenum Outlook 2019: Price Recovery to Continue

Last year, molybdenum started to see a recovery in prices and many market watchers predicted that in 2018 the metal would continue to rebound.

Molybdenum lived up to those expectations, with prices trending upwards most of the year on strong demand from the stainless steel sector.

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5 Largest Copper Mines in the World

Chile is the top copper-producing country in the world by a long shot, and many of the world’s largest copper mines are located there.

In fact, copper mines in the country took two of the five top spots in terms of production last year. The other three mines are located in other countries around the world, but all of them are operated by major miner Freeport-McMoRan (NYSE:FCX).

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