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 the aerospace, defense, and electronics sectors, alongside a strategic push for cleaner, more efficient smelting technologies and the adoption of sustainable circular economy practices.

As global industries increasingly rely on high-performance materials, the tungsten and molybdenum smelting sector stands as a critical enabler for technological advancement and infrastructure development. In this blog, we profile the Top 10 Companies in the Tungsten and Molybdenum Smelting Industry—a mix of mining giants, specialized smelters, and innovators shaping the supply chain for these indispensable refractory metals.

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🔟 1. CMOC Group Limited

Headquarters: Luoyang, Henan, China
Key Offering: Molybdenum concentrates, Tungsten intermediates, Ferromolybdenum

CMOC Group is a global leader in the mining and smelting of tungsten and molybdenum, with a vertically integrated operations model that spans from resource extraction to advanced metal production. The company is one of the world’s largest producers of molybdenum and a significant supplier of tungsten, serving critical industries such as steel alloy manufacturing and chemicals.

Innovation and Sustainability Initiatives:

• Investment in hydrometallurgical processing for higher purity outputs

• Implementation of energy-efficient smelting technologies to reduce carbon footprint

• Expansion of recycling capabilities for secondary metal recovery

Download FREE Sample Report: Global Tungsten And Molybdenum Smelting Market – View in Detailed Research Report

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9️⃣ 2. Molymet

Headquarters: Santiago, Chile
Key Offering: Molybdenum trioxide, Ferromolybdenum, High-purity molybdenum products

Molymet is a world-renowned specialist in molybdenum processing, operating some of the most advanced roasting and smelting facilities globally. The company plays a pivotal role in the global supply chain, converting molybdenum concentrates into value-added products for the steel, chemical, and catalyst industries.

Innovation and Sustainability Initiatives:

• Pioneering clean roasting technologies to minimize sulfur dioxide emissions

• Development of specialized molybdenum chemicals for niche applications

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8️⃣ 3. Freeport-McMoRan Inc.

Headquarters: Phoenix, Arizona, USA
Key Offering: Molybdenum concentrates, By-product molybdenum from copper mining

As a major global mining company, Freeport-McMoRan is a significant producer of molybdenum, primarily as a by-product of its large-scale copper operations. The company’s smelting and refining capabilities ensure a reliable supply of molybdenum for industrial customers worldwide, particularly in North America and Europe.

Innovation and Sustainability Initiatives:

• Optimization of by-product recovery rates from copper smelting streams

• Commitment to responsible mining and smelting practices under stringent environmental standards

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7️⃣ 4. Codelco

Headquarters: Santiago, Chile
Key Offering: Molybdenum concentrates, Molybdenum trioxide

Codelco, the world’s largest copper producer, is also a major supplier of molybdenum obtained as a by-product from its copper mines. The Chilean state-owned company leverages its extensive mining infrastructure to produce high-quality molybdenum concentrates for the global market.

Innovation and Sustainability Initiatives:

• Integration of molybdenum recovery into copper smelting and refining processes

• Focus on water recycling and energy efficiency in metallurgical operations

Download FREE Sample Report: Global Tungsten And Molybdenum Smelting Market – View in Detailed Research Report

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6️⃣ 5. Xiamen Tungsten Co., Ltd.

Headquarters: Xiamen, Fujian, China
Key Offering: Ammonium paratungstate (APT), Tungsten oxide, Tungsten powder and carbide

Xiamen Tungsten is one of China’s leading tungsten producers, with a comprehensive smelting and processing chain that transforms tungsten concentrates into a wide range of intermediate and final products. The company is a key supplier to the global hard metal, automotive, and electronics industries.

Innovation and Sustainability Initiatives:

• Advanced hydrometallurgical processing for high-purity tungsten chemicals

• Research into tungsten recycling from end-of-life products and scrap

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5️⃣ 6. Rio Tinto

Headquarters: London, United Kingdom / Melbourne, Australia
Key Offering: Molybdenum from Kennecott Utah Copper operations

Rio Tinto, a leading global mining group, produces molybdenum at its integrated Kennecott copper operations in the United States. The company’s smelting complex is capable of processing molybdenum concentrates into market-ready products, contributing to North American supply security.

Innovation and Sustainability Initiatives:

• Implementation of advanced smelter gas handling systems to meet strict emissions standards

• Ongoing process optimization to enhance metal recovery and efficiency

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4️⃣ 7. Jiangxi Tungsten Holding Group Co., Ltd.

Headquarters: Nanchang, Jiangxi, China
Key Offering: Tungsten concentrates, APT, Tungsten powders, Tungsten carbide

As a major state-owned enterprise in China’s Jiangxi province—a region rich in tungsten resources—Jiangxi Tungsten Holding Group operates extensive mining and smelting facilities. The group is a cornerstone of the global tungsten supply chain, producing essential intermediates for downstream manufacturing.

Innovation and Sustainability Initiatives:

• Modernization of smelting plants to improve environmental performance

• Development of specialized tungsten products for high-tech applications

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3️⃣ 8. 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 smelters. The company operates large-scale roasting and smelting facilities, supplying both domestic and international markets with high-quality molybdenum products.

Innovation and Sustainability Initiatives:

• Adoption of energy-saving technologies in molybdenum concentrate roasting

• By-product recovery from smelting processes to maximize resource utilization

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2️⃣ 9. China Tungsten and Hightech Materials Co., Ltd.

Headquarters: Xiamen, Fujian, China
Key Offering: Tungsten powders, Tungsten carbide, Tungsten chemicals

Specializing in high-value tungsten products, this company focuses on the smelting and deep processing of tungsten into advanced materials. Its product portfolio serves demanding applications in the automotive, mining, and electronic components industries.

Innovation and Sustainability Initiatives:

• Production of ultra-fine and nano-sized tungsten powders for specialized applications

• Investment in R&D for next-generation tungsten alloys and composites

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1️⃣ 10. Plansee Group

Headquarters: Reutte, Tyrol, Austria
Key Offering: High-purity molybdenum and tungsten metals, alloys, and fabricated components

The Plansee Group is a global leader in the Powder Metallurgy of refractory metals, including molybdenum and tungsten. While not a primary smelter in the traditional sense, the company operates advanced sintering and melting facilities (like electron beam melting) to produce high-purity metals and complex components from smelted intermediates.

Innovation and Sustainability Initiatives:

• Leadership in producing molybdenum and tungsten components for semiconductor, aerospace, and medical industries

• Strong focus on closed-loop material cycles and recycling of production scrap

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

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🌍 Outlook: The Future of Tungsten and Molybdenum Smelting Is Sustainable and Technologically Advanced

The tungsten and molybdenum smelting market is undergoing a significant transformation. While traditional pyrometallurgical processes still form the industry’s backbone, the sector is rapidly investing in cleaner production technologies, digitalization, and circular economy models to meet evolving environmental standards and customer demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of hydrometallurgical processes for lower emissions and higher purity

• Regulatory pressure driving investments in sulfur capture and waste management systems

• Digitalization of smelter operations for real-time optimization and predictive maintenance

• Strategic partnerships between smelters and end-users to develop application-specific alloys

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

The companies listed above are not only supplying essential industrial materials—they’re driving the technological evolution of modern metallurgy.