The Global Tungsten and Molybdenum Smelting Market was valued at USD 3.12 Billion in 2025 and is projected to reach USD 5.47 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2025–2032). This robust growth is being driven by escalating demand from aerospace, defense, and electronics sectors, alongside the accelerating transition to electric vehicles and renewable energy infrastructure.

As global industries increasingly rely on high-performance materials, the spotlight is on the key smelting companies who are driving supply chain resilience, technological innovation, and sustainable production. In this blog, we profile the Top 10 Companies in the Tungsten and Molybdenum Smelting Industry—a mix of mining giants, integrated producers, and technology leaders shaping the future of these critical metals.

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🔟 1. CMOC Group Limited

Headquarters: Luoyang, Henan, China
Key Offering: Tungsten Concentrates, Molybdenum Concentrates, Ferromolybdenum, Ammonium Paratungstate (APT)

CMOC Group is a global leader in tungsten and molybdenum production, with integrated operations spanning mining, processing, and smelting. The company is one of the world’s top molybdenum producers and a significant supplier of tungsten, serving industries from steel alloys to electronics. Its vast resource base and advanced smelting technologies ensure a reliable supply of high-purity metals.

Sustainability Initiatives:

• Investment in energy-efficient smelting and water recycling systems

• Commitment to reducing carbon emissions across operations

• Development of responsible sourcing policies for supply chain transparency

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9️⃣ 2. Molymet

Headquarters: Santiago, Chile
Key Offering: Molybdenum Trioxide, Ferromolybdenum, High-Purity Molybdenum Powders

Molymet is the world’s leading processor of molybdenum and rhenium, operating advanced smelting facilities in Chile, Europe, and China. The company specializes in converting molybdenum concentrates into a wide range of valuable chemical products and metal powders essential for catalysts, alloys, and lubricants.

Sustainability Initiatives:

• Pioneering closed-loop systems for byproduct recovery

• Leadership in developing rhenium recovery technologies from molybdenum roasting

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8️⃣ 3. Freeport-McMoRan Inc.

Headquarters: Phoenix, Arizona, USA
Key Offering: Molybdenum Concentrates, Molybdenum Oxide

Freeport-McMoRan is a major international mining company with significant molybdenum production as a byproduct of its large-scale copper operations. The company’s Climax and Henderson mines are among the world’s primary molybdenum producers, supplying critical materials for industrial and technological applications.

Sustainability Initiatives:

• Implementation of advanced emission control technologies at smelting facilities

• Water conservation and recycling programs at mining and processing sites

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7️⃣ 4. China Molybdenum Co., Ltd. (CMOC)

Headquarters: Luoyang, Henan, China
Key Offering: Tungsten Concentrates, Molybdenum Concentrates, Tungsten Powder

China Molybdenum Co., Ltd. is a leading producer of tungsten and molybdenum in China, with extensive mining assets and processing capabilities. The company plays a crucial role in the global supply chain, particularly for tungsten, which is critical for hard metals and specialty alloys.

Sustainability Initiatives:

• Adoption of automated and digital monitoring systems for environmental compliance

• Investment in tailings management and site rehabilitation technologies

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6️⃣ 5. Rio Tinto

Headquarters: London, United Kingdom / Melbourne, Australia
Key Offering: Molybdenum Byproducts, Specialty Alloys

Rio Tinto, while primarily known for its iron ore, copper, and aluminum operations, is a significant producer of molybdenum as a byproduct from its Kennecott copper mine in the United States. The company’s focus on large-scale, efficient operations extends to its molybdenum recovery and processing activities.

Sustainability Initiatives:

• Commitment to net-zero emissions by 2050 with interim targets

• Development of low-carbon smelting and refining technologies

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5️⃣ 6. Jinduicheng Molybdenum Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: Molybdenum Concentrates, Molybdenum Iron, Molybdenum Oxide

Jinduicheng Molybdenum is one of China’s largest and most technologically advanced molybdenum producers. The company operates integrated mining and smelting facilities and is recognized for its high-quality molybdenum products used in steel strengthening and chemical applications.

Sustainability Initiatives:

• Implementation of waste heat recovery systems in roasting operations

• Research into more efficient hydrometallurgical processing routes

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4️⃣ 7. Xiamen Tungsten Co., Ltd.

Headquarters: Xiamen, Fujian, China
Key Offering: Ammonium Paratungstate (APT), Tungsten Oxide, Tungsten Powder & Carbide

Xiamen Tungsten is a leading integrated tungsten producer with capabilities spanning the entire value chain from mining to advanced materials. The company is particularly strong in tungsten powders and carbides, supplying global markets for cutting tools, mining equipment, and electronic components.

Sustainability Initiatives:

• Development of recycling technologies for tungsten scrap and residues

• Energy efficiency improvements in high-temperature reduction processes

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3️⃣ 8. Jiangxi Tungsten Holding Group Co., Ltd.

Headquarters: Nanchang, Jiangxi, China
Key Offering: Tungsten Concentrates, Intermediate Tungsten Products, Finished Alloys

Jiangxi Tungsten Holding Group is a major state-owned enterprise and one of the world’s largest tungsten producers. Operating in China’s primary tungsten-producing region, the company controls significant resources and maintains advanced smelting and processing facilities.

Sustainability Initiatives:

• Comprehensive environmental management systems across all operations

• Investment in cleaner production technologies to reduce environmental footprint

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2️⃣ 9. Codelco

Headquarters: Santiago, Chile
Key Offering: Molybdenum Byproducts, Copper-Molybdenum Concentrates

Codelco, the world’s largest copper producer, is also a significant source of molybdenum as a byproduct from its massive copper mining operations in Chile. The company’s molybdenum production contributes substantially to global supply, particularly for steel alloy applications.

Sustainability Initiatives:

• Implementation of tailings management and water recycling initiatives

• Commitment to community development and environmental stewardship in mining regions

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1️⃣ 10. Plansee Group

Headquarters: Reutte, Tyrol, Austria
Key Offering: High-Purity Molybdenum and Tungsten Metals, Alloys, and Fabricated Components

Plansee Group is a global leader in powder metallurgy, specializing in refractory metals like molybdenum and tungsten. While not a primary smelter from ore, the company operates advanced melting, sintering, and processing facilities that transform base metals into high-value components for extreme environments.

Sustainability Initiatives:

• Focus on recycling refractory metal scrap within production cycles

• Development of energy-efficient sintering and hot-forming technologies

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🌍 Outlook: The Future of Tungsten and Molybdenum Smelting Is High-Tech and Sustainable

The tungsten and molybdenum smelting market is undergoing a significant transformation. While traditional pyrometallurgical processes still dominate, the industry is investing heavily in advanced hydrometallurgical techniques, digital optimization, and circular economy principles to meet evolving environmental and efficiency standards.

📈 Key Trends Shaping the Market:

• Accelerated adoption of hydrometallurgy for lower emissions and higher purity

• Growing emphasis on recycling and secondary material recovery

• Digitalization and AI integration for process optimization and predictive maintenance

• Strategic partnerships along the value chain to ensure supply security

Get Full Report Here:
Global Tungsten And Molybdenum Smelting Market – View in Detailed Research Report

The companies listed above are not only supplying critical industrial materials—they’re driving the technological advancement and sustainable transformation of the global metals industry.