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Molybdenum is a metallic element that has high melting point and is naturally occurring metal. It is predominantly used as an alloying agent with steel, cast iron, and superalloys to enhance hardenability, corrosion resistance and tensile strength. Molybdenum alloys are used in making automotive bodies, suspension systems, motorcycles, construction equipment, mining equipment among others owing to its high tensile strength and durability properties. The global automotive industry requires strong and lightweight materials that can withstand harsh corrosive conditions.
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