I was trying to understand why the focus on Mo in the recent exploration efforts. (Gold is the obvious one).
This got me thinking:
Outlook prior to the Trump moves in 2025:https://www.globenewswire.com/news-release/2025/02/17/3027258/28124/en/Molybdenum-Global-Strategic-Industry-Research-Report-2025-2030-Critical-Importance-of-Steel-in-Every-Aspect-of-Human-Life-to-Create-Conducive-Environment-for-Future-Growth.html
- Volatile Demand & Supply Deficits Cause Inflationary Stampede in Molybdenum Markets
- Developing Asian Countries Emerging as Key Markets for MolybdenumEurope
- Led by China, Asia-Pacific Governs Molybdenum Market
- Rising Demand from Aerospace & Defense Sector to Uplift Market
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
And since:China said on Tuesday 28 February 2025 it would restrict exports of five metals used in defence, clean energy and other industries in response to fresh U.S. tariffs, refraining from the outright export bans Beijing has previously used against Washington.The restrictions were the latest attempt by China since 2023 to leverage its dominance in mining and processing critical minerals used in everything from smartphones and electric car batteries to infrared missiles and ammunition.For example, China will restrict the export of certain types of molybdenum powders used to make missile parts. It shipped 287 tons last year, about half going to Japan, customs data showed.
Markets had speculated China would expand export controls ever since its decision last December to ban exports to the U.S. of antimony and other materials, according to Jessica Fung, head of Consulting at Project Blue.
The move will likely force up prices outside China, she added.However, a London-based trader, who requested anonymity as they were not authorised to speak to the media, said the move was a "warning shot" and there wouldn't be a big impact on markets as alternative sources exist.
https://www.reuters.com/world/china/china-expands-critical-mineral-export-controls-after-us-imposes-tariffs-2025-02-04/
In any case, you'd expect that the US will ramp up efforts too more independent of China with critical metals.
