The emergence of molybdenum futures is the increasing demand for molybdenum. In order to avoid the risk of price fluctuation, molybdenum futures were introduced.

Molybdenum is a metal with high hardness, good wear resistance and good corrosion resistance. It is an important component of stainless steel, high-speed steel and alloy steel, and has a wide range of applications, involving automobiles, electronic communication, chemical industry, medicine and other fields. With the acceleration of industrialization, the demand for molybdenum is also increasing.