Molybdenum
Molybdenum is a soft, lustrous silver grey flaky metal (easily confused with graphite) commonly associated in porphyry copper deposits as a by-product. Molybdenite (MoS2) is the natural mineral sulphide form of the metal. Molybdenum's primary uses are in alloys in the steel industry, particularly stainless steel, and superalloys (aerospace) which utilise the metal's unique properties of enhancing strength, weldability, elevated temperature strength and corrosion resistance.

About MOLY

Demand (and subsequently prices) for Molybdenum has increased significantly in recent years. This is largely due to an increased demand for stainless steel, particularly from China but is also due to increased activity in the world oil industry. Due to its low-corrosive properties, Molybdenum is used in oil and gas pipelines, associated steels in oil platforms, LNG tankers and drill stem tubing as well as a refining catalyst.

The size of the Molybdenum market is large with an estimated US$13B in supply in the year 2006. The majority of world production is sourced from North and South America and China, however Chinese production has recently declined. On the demand side, Chinese consumption has almost tripled over 10 years with growth forecast to remain strong in the near future as their appetite for alloy and stainless steels continues to grow.

 Molybdenum Properties  Molybdenum Processing

GOLDREA Activity

• Goldrea is involved in a going Molybdenum concern in British Columbia Canada with the CrowRea Project, and recently acquired the HP molybdenum claims adjoining Crowrea in a joint Venture with Molycor Gold Corp., substantially increasing total number of potential molybdenum occurrences within the Crowrea Molybdenum Camp more on acquisition >>
• Goldrea also holds another Moly prospect in B.C. with the Dobbin II Project