NEW DELHI--October 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Owing to the rising demand from sectors like steelmaking, automotive and aerospace, the molybdenum mining industry is attracting substantial investments globally. Molybdenum, a silvery white metal, is known for its high strength, corrosion resistance and ability to extreme temperatures and therefore is utilized in many industrial applications.

Industrial Info is tracking around 33 projects, worth US$11.70 billion, aimed at molybdenum ore mining. Of this spending, 53% accounts for grassroot projects, while 11% is aimed at both unit additions and plant expansions, respectively.