After processing, molybdenum ore is mainly used to extract molybdenum metal, and molybdenum metal and its compounds have a wide range of uses in many fields. Molybdenum plays an irreplaceable role in the steel industry, aerospace, automobile manufacturing, electronics, chemicals and machinery. Its wide range of applications and importance make it an indispensable strategic metal resource for modern industry.
The world's molybdenum ore resources are mainly concentrated in the Pacific Rim, Tethys and Central Asia-Mongolia metallogenic belts. According to the analyst, China, Chile, the United States, Peru and Mexico are the world's major producers of molybdenum ore, and the combined output of the five countries accounts for more than 90% of the world's total output.
The global molybdenum market has shown a growth trend in the past few years. With the global economic recovery, the development of the manufacturing and automotive industries, especially the rapid development of the automotive, aerospace and new energy vehicle industries, molybdenum, as an important strategic metal, has continued to grow in demand.
In addition, due to factors such as the decline in the grade of copper-molybdenum associated ores and the difficulty in developing large new mines, it is difficult to significantly increase the supply of molybdenum ore. Therefore, it is expected that the global molybdenum ore supply and demand gap will continue to expand in the next few years.
Mexico has rich molybdenum resources, mainly concentrated in San Luis Potosi, Zion Mountain and Guanajuato. In 2023, Mexico's molybdenum production will be 16,000 tons. According to the analyst, Mexico's molybdenum production areas are widely distributed, mainly in Sonora, Chihuahua, San Luis Potosi and other regions, among which Sonora is one of the provinces with the largest molybdenum production in Mexico. In the next few years, Mexico will plan to launch several large-scale molybdenum mining projects, including underground and open-pit mining, beneficiation plants and logistics centers, to enhance its position in the global mining market.
Mexican molybdenum ore is mainly exported to the United States, Canada, Europe and Asia. According to the data, Mexico's molybdenum ore exports reached US$670 million in 2024. Mexico plans to attract international investors to participate in molybdenum ore exploration and development projects through external bidding to further expand Mexico's molybdenum ore capacity.
According to the analyst, from 2021 to 2024, the main export destinations of Mexican molybdenum ore include South Korea, the Netherlands and Chile. The companies that import this product from Mexico are mainly some traders and metal smelting companies. The main exporters of Mexican molybdenum ore are mainly local mining companies in Mexico.
Mexico has advantages in the production and export of molybdenum ore. The analyst predicts that as the global demand for molybdenum continues to grow, especially in the application of high-tech manufacturing and new energy fields, Mexico's molybdenum ore exports will continue to grow. The analyst recommends that global mining-related companies should conduct timely research on the Mexican market and prepare for the layout of the Mexican and North American markets.
Topics covered:
- The Import and Export of Molybdenum Ore in Mexico (2021-2024)
- Total Export Volume and Percentage Change of Molybdenum Ore in Mexico (2021-2024)
- Total Export Value and Percentage Change of Molybdenum Ore in Mexico (2021-2024)
- Total Export Volume and Percentage Change of Molybdenum Ore in Mexico (January-December 2024)
- Total Export Value and Percentage Change of Molybdenum Ore in Mexico (January- December 2024)
- Average Export Price of Molybdenum Ore in Mexico (2021-2024)
- Top 10 Export Destinations and Supply Volume of Mexico’s Molybdenum Ore Export Market
- Top 10 Suppliers in the Export Market of Molybdenum Ore in Mexico and Their Supply Volume
- Top 10 Buyers of Molybdenum Ore in Mexico and Their Import Volumes
- How to Find International Distributors and International End Users of Molybdenum Ore Exports in Mexico
- How Foreign Enterprises Enter the Molybdenum Ore Market of Mexico
- Forecast for the Export of Molybdenum Ore in Mexico (2025-2034)
Table of Contents
Companies Mentioned
- Sebang Express Co Ltd
- C Steinweg - Handelsveem B V
- Seah M&S Corp
- Molymex Sa De Cv
- Operadora De Minas De Nacozari
- Cipria Mineralia S De R L De C V
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 712 Million |
| Forecasted Market Value ( USD | $ 1230 Million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 6 |
