In 2023, China dominated molybdenum production with 130,000 metric tons, marking a key position in the market. Chile followed with 58,000 metric tons, and the United States was third with 44,600 metric tons. Peru and Mexico contributed significantly with 26,000 and 12,000 metric tons, respectively. These top five countries accounted for the majority of global production. The year-on-year trends indicate consistent performance in China and Chile, with the United States experiencing a moderate decline in output. Over the last five years, production has shown a robust compound annual growth rate (CAGR) across these leading producers.
Future trends to watch include potential policy changes in China affecting production levels, technological advancements in mining operations, and shifts in global demand for steel and other molybdenum-intensive industries. As countries strive for sustainability, the exploration of more environmentally friendly extraction techniques could shape the landscape of molybdenum production.
Top countries in Top Molybdenum Producing Countries
| # | 10 Countries | Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 130,000 | 2017 | |
| 2 | 2 Chile | 58,000 | 2017 | |
| 3 | 3 United States | 44,600 | 2017 | |
| 4 | 4 Peru | 26,000 | 2017 | |
| 5 | 5 Mexico | 12,000 | 2017 | |
| 6 | 6 Armenia | 6,300 | 2017 | |
| 7 | 7 Iran | 3,500 | 2017 | |
| 8 | 8 Russia | 3,000 | 2017 | |
| 9 | 9 Canada | 3,000 | 2017 | |
| 10 | 10 Mongolia | 2,400 | 2017 |
