China molybdenum industry newsletter

Under the influence of molybdenum product market prices in recent years, all kinds of social capital into the molybdenum mineral processing industry. According to incomplete statistics, there are 17 provinces and autonomous regions in China in 2007 production of molybdenum concentrate, hundreds of production enterprises.

Molybdenum is a kind of non-renewable extremely precious strategic rare metal, the world's proven reserves of molybdenum resources mainly concentrated in the United States, Chile and China. China is rich in molybdenum resources, total reserves of 8.4 million tons, accounting for 44% of global reserves, ranking second in the world. Under the influence of molybdenum product market prices in recent years, all kinds of social capital into the molybdenum mineral processing industry. According to incomplete statistics, there are 17 provinces and autonomous regions in China in 2007 production of molybdenum concentrate, hundreds of production enterprises.

Because the enterprise scale is small, selecting method, high processing cost and enterprise "three rates" index can't meet the design requirements, leading to effective utilization of resources is low. Some enterprises blindly build mill plant, the proportion of selecting a serious imbalance, in particular, some enterprises to the pursuit of profit maximization, the rich abandon poor, mining way and renounce predatory exploitation of mining resources. These companies not only unable to guarantee production safety, and to the mine geological environment and ecological environment caused serious damage.

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