Discovered in the late 18th century,

Molybdenum is a fire-proof rare metal used as a catalyst or for alloys, including steel, superalloy steel, and stainless steel.

It is an important mineral widely used in various industries, including manufacturing, construction, and electronics.

Molybdenum is very important in Korea,

ranking 15th among all mineral types in average import amount with imports totaling more than three times those of lithium

and more than six times those of lithium and rare earth minerals, which are new strategic minerals.