By Kari Williamson

With high demand from several industries – primarily from steel production – the global molybdenum market is expected to grow 8-9% the next few years.

The market will be dominated by China, which already controls a large share of the mined molybdenum volume today, and which leads growth in demand.

China also leads overall molybdenum production with 42.3% of world output, according to Merchant's Molybdenum Market Review.