Though the US produces much less moly than China, it is home to over one-third of the world's known reserves, which indicates that it will likely remain a key producer of the metal for years to come. The country's primary moly mine is the Climax mine in Colorado, which is wholly owned and operated by Freeport-McMoRan (NYSE: FCX).3. Chile Mine production: 39,000 tonnes Chile increased its moly production slightly in 2014, and anticipates a larger jump in production during 2015. Indeed, Reuters notes that state officials expect production will rise to approximately 61,400 tonnes this year. Over half of the country's output in 2015 is expected to come from state-owned miner Coldelco. 4. Peru Mine production: 18,100 tonnes Peruvian moly production held steady between 2013 and 2014. According to a recent EY report, the majority of investment in Peru's mining industry is directed at copper. While that might not sound good for moly, the fact that the metal is often a by-product of copper mining means that Peru's moly output may rise in the coming years. 5. Mexico Mine production: 11,000 tonnes Moly production fell by over 1,000 tonnes in Mexico last year, but the country's output has been growing since 1997, as per MBendi Information Services. The majority of Mexico's moly comes from the La Caridad open-pit mine, which is wholly owned by privately held Grupo Mexico. The mine is primarily devoted to copper, but produces moly as a by-product. 6. Canada Mine production: 9,500 tonnes Most of Canada's moly production occurs in British Columbia, which is home to Endako, one of the largest moly-producing mines in North America. However, the mine, which is 75-percent owned by Thompson Creek Metals Company (TSX:TCM,NYSE:TC), is set to go on care and maintenance on July 1, 2015. 7. Armenia Mine production: 6,700 tonnes Armenia has significant moly reserves. The Kajaran mine, which is owned and operated by privately held CRONIMET Group, is the country's largest mine and features the region's largest deposits of copper and moly. The mine has ore resources in excess of 2.2 billion tonnes.
8. IranMine production: 6,300 tonnes In 2014, Iran increased its moly production by 2,300 tonnes. That jump represents the country's investment in moly mining, and Iran will probably focus more on moly in the years to come. In 2013, the country announced the discovery of a new moly deposit in East Azerbaijan, Business Standard states. This new find is estimated to contain reserves of 21.7 million tonnes. 9. Russia Mine production: 4,800 tonnes The USGS' data for Russian moly output is an estimate, and remains unchanged from 2013. The country retains much of its production for projects at home. A report from Emerging Markets notes that Russian nuclear reactors are specifically designed to use a type of moly only produced within the country. 10. Turkey Mine production: 2,800 tonnes In the early parts of this century, Turkey's moly output was unknown, as per a separate USGS report. The country's production data is now known, and the organization states that between 2013 and 2014 the country increased its moly output by 1,300 tonnes. 10 Top Molybdenum-producing Countries from Moly Investing News