This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Investors
Moly 101
Simply put, molybdenum alloys make steel stronger, harder, and more resistant to corrosion. These alloys are important to building and construction, chemical and other processing, oil and gas, mechanical engineering, power generation, transportation, medical and consumer products.
Giving steel a much longer life is one of the reasons molybdenum has landed on many government lists of critical minerals, including that of the Government of Canada. This could make the Davidson project eligible for a number of government financial initiatives.
Molybdenum demand often rises at times of growing oil and gas exploration, since it is used extensively in drill steel and pipelines.
Demand for molybdenum has been growing almost every year since 1950, at a long term average rate of 4.4% annually.
Another feature of molybdenum is its growing usage in a number of greener energy sources. As much as 100 million lbs per year will be needed in wind turbines, nuclear reactors and geothermal energy plants between now and 2050. It is estimated that with a higher molybdenum content, key workings of wind turbines could last many more years before needing replacement. Molybdenum is irreplaceable in the food service and pharmaceutical industries, to prevent metal corrosion into food and drugs. Molybdenum is also a requirement for most life forms, which is why it is added to vitamins and fertilizers.