According to Luoyang, and the Chinese producer of molybdenum from the province of Henan China Molybdenum Co. Ltd is, the total reserves of molybdenum in China now exceeds 45 thousand. Tons, which is 22% of total world reserves of the metal.
According to Chinese customs, China became a net importer of molybdenum in 2009, when the total export of the material fell by 66% on an annualized basis, up to 8304 tonnes, while imports rose to 35.307 ths. Tons, which is 9.5 times more than in 2008