Molybdenum is a metallic element that is most frequently used in alloy and stainless steels, which together represent the single largest market for molybdenum. Molybdenum has also proven invaluable in carbon steel, cast iron and superalloys. Its alloying versatility is unmatched because its addition enhances material performance under high-stress conditions in expanded temperature ranges and in highly corrosive environments. The metal is also used in catalysts, other chemicals, lubricants and many other applications.