The 1500 km-long Gangdese magmatic belt is a crucial region for copper polymetallic mineralization, offering valuable insights into collisional porphyry copper systems. This study focuses on the Demingding deposit, a newly identified occurrence of molybdenum–copper (Mo-Cu) mineralization within the eastern segment of the belt. While the mineralization age, magmatic characteristics, and tectonic context are still under investigation, we examine the deposit’s petrology, zircon U-Pb geochronology, whole-rock chemistry, and Re-Os isotopic data. The Demingding deposit exhibits a typical alteration zoning, transitioning from an inner potassic zone to an outer propylitic zone, which is significantly overprinted by phyllic alteration closely associated with Mo and Cu mineralization. Zircon U-Pb dating of the ore-forming monzogranite porphyries reveals crystallization ages ranging from 21 to 19 Ma, which is indistinguishable within error from the mean Re-Os age of 21.3 ± 0.4 Ma for Mo veins and veinlets hosted by these porphyries. This alignment suggests a late Miocene magmatic event characterized by Mo-dominated mineralization, coinciding with the continuous thickening of the continental crust during the collision of the Indian and Asian continents. The ore-forming porphyries range in composition from granodiorite to monzogranite and are classified as high-K calc-alkaline with adakite-like features, primarily resulting from the partial melting of subduction-modified thickened mafic lower crust. Notably, the ore-forming porphyries exhibit higher fO₂ and H₂O levels than barren porphyries in this area during crustal thickening, highlighting the significant contributions of hydrous and oxidized fluids from their source to the Mo-Cu mineralization process. Regional data indicate that the Gangdese porphyry metallogenic belt experienced concentrated Cu-Mo mineralization between 17 and 13 Ma. The formation of Mo-dominated deposits such as Demingding and Tangbula in the eastern segment of the belt, with slightly older ages around 20 Ma, underscores the presence of a significant porphyry Mo metallogenic event during this critical post-collision mineralization period.