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Molybdenum is a silvery-gray metal primarily used in steelmaking to enhance strength, toughness, and resistance to corrosion and wear. It is also vital in the production of high-performance alloys and electrical contacts. Its economic significance stems from its role in various industries, including aerospace, automotive, and energy, where it contributes to the development of advanced materials and technologies.
Source: United States Geological Survey Mineral Resources Program
See also: Mineral commodity prices