Geology of the Molybdenite Deposits at Climax, Colorado, and of Other Deposits Producing Molybdenite

THE value of molybdenum as a ferroalloy has been known for many years. For a long time, however, the metal was used only on a small scale in the iron industries, because the known source of supply appeared inadequate and the cost to the consumer was not stabilized. The world's production of molybdenum prior to 1914 was only a few thousand pounds per year and even during the war period annual production was only about 800,000 lb. Production during 1929 and 1930, however, was over 4,000,000 lb. per year and that of 1931 promises to be of the same order of magnitude. This remarkable increase in production is due primarily to the development of a large molybdenite deposit at Climax, Lake County, Colo., which has accounted for 80 per cent of the world's production of molybdenum during the past two years. Based on conservative esti-mates, the deposit at Climax has the capacity to maintain its 1929 and 1930 rate of production for 100 years or more. The production of molybdenum ores has been established on a new basis-in recent years as compared with the period during and before the world war. During the earlier period, production came from small deposits and the cost to the consumer fluctuated. At present, production comes from a few large deposits and the price is not only lower but also fairly constant. In recent years the price of molybdenum has consistently dropped as consumption increased. The present price is $0.95 per pound of molybdenum in ferromolybdenum and $0.80 for molybdenum in calcium molybdate. Before and during most of the war, Australia, Norway, and a few other foreign countries were the chief producers, while at present the United States is producing over 90 per cent of the world's production. With molybdenum available at a moderate cost, the steel industry has been adopting more and more the use of molybdenum as an alloy addition. A relatively small demand for molybdenum exists in the chemical and electrical industries, but the recent large increase in con-sumption has in large part been by the iron and steel industries, which