World’s second largest molybdenum deposit is discovered in east China

China has discovered its largest molybdenum deposit in the eastern province of Anhui, containing 2.2 million tons, making it the second largest in the world. The deposit’s total value is more than 600 billion yuan (US$93 billion). The world’s largest molybdenum mine is the Climax Mine in the state of Colorado, in the United States. Before this discovery, China’s largest deposit was in Luanchuan County in central China’s Henan Province, which contains 2.06 million tons of molybdenum. Molybdenum, a non-renewable strategic resource, is widely used in the metallurgical, chemical, electrical and lubricant industries. (July 21,2011)