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.