The molybdenum market is projected to witness substantial growth during the forecast period of 2025 to 2034, advancing at a Compound Annual Growth Rate (CAGR) of 4.00%. Molybdenum is a lustrous, silvery-white, corrosion-resistant, and ductile metal, valued for its impressive performance in extreme conditions, especially high temperatures. It plays a pivotal role in a wide array of industrial processes due to its thermal conductivity, low thermal expansion, and ability to withstand harsh chemical environments.

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