Distribution of molybdenum resources.

On January 30, 2023, molybdenum price rose by more than 20% in a single day, breaking a new 17-year high. Molybdenum is known as the "war metal", "steel warrior". Molybdenum is valued by more and more countries. China is the world's richest country in molybdenum resources, with reserves of 4.3 million tons, followed by the United States (2.7 million tons) and Chile (1.8 million tons), which account for about 80% of the global total.