In 2023, China led molybdenum production with 130 thousand metric tons, followed by Chile with 55.6 and the United States with 35.8. Peru and Mexico produced 25.8 and 11.9 respectively. These top five countries accounted for the majority of global output, maintaining stability over recent years. Year-on-year analysis reveals steady increments, particularly from China and Chile with strong production trajectories, while other countries saw marginal fluctuations. Over the last five years, the compound annual growth rate suggests a moderately increasing trend across leading producers, with China and Chile exhibiting the strongest growth.
Future trends to watch involve the potential impact of geopolitical tensions on supply chains, environmental regulations influencing production methods, and technological advancements enhancing extraction efficiency. Monitoring these factors will be crucial in understanding shifts in global molybdenum production by top countries.
Top countries in Top Molybdenum Producing Countries
| # | 10 Countries | Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 130,000 | 2016 | |
| 2 | 2 Chile | 55,600 | 2016 | |
| 3 | 3 United States | 35,800 | 2016 | |
| 4 | 4 Peru | 25,800 | 2016 | |
| 5 | 5 Mexico | 11,900 | 2016 | |
| 6 | 6 Armenia | 6,300 | 2016 | |
| 7 | 7 Iran | 3,500 | 2016 | |
| 8 | 8 Russia | 3,000 | 2016 | |
| 9 | 9 Canada | 2,710 | 2016 | |
| 10 | 10 Mongolia | 2,440 | 2016 |
