China discover biggest molybdenum deposit

China discover biggest molybdenum deposit

China has discovered its largest molybdenum deposit containing 2.2 million tons of the silvery metal, which ranks the second largest in the world,from east China’s Anhui province.

“Anhui Geology and Mineral Resources Bureau estimate the deposit in Jinzhai county has 1.275 billion tons of ore which contains 2.2 million tons of molybdenum” said Wu Yulong, head of the bureau.

“The grade of the ore is 0.157 percent. The deposit’s total value is more than $93 billion” Wu said.

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