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Patent Granted About 86% of molybdenum produced is used in metallurgical applications such as alloys, with the rest of molybdenum used as compounds in chemical applications. Estimated fractional global industrial use of molybdenum is structural steel 35%, stainless steel 25%, chemicals 14%, tool & high-speed steels 9%, cast iron 6%, molybdenum elemental metal 6%, and superalloys, 5%.