China is a large producer and consumer of molybdenum in the world, and
the global increment in the molybdenum production and consumption in
the past two years mainly came from China.
In 2012, China produced 92 kilotons of molybdenum (equivalent to metal
content), accounting for 40.2% of the global molybdenum output, and
consumed 85 kilotons, accounting for 37.8% of the global molybdenum
consumption.
Due to the national protection on strategic resources, molybdenum
resources will be concentrated in large enterprises, and the supply will
be effectively controlled.Global molybdenum producers are mainly
concentrated in countries with rich molybdenum reserves such as China,
the United States and Chile.
Global top 10 molybdenum producers account for 2/3 of the global
output. Mineral resources are controlled by major molybdenum companies,
and the access to large-quantity and high-quality molybdenum ore
resources has become the biggest obstacle to entering the industry.
2013年6月23日星期日
Global and China Molybdenum Industry Report 2012-2015
In 2012, the global economic growth was weak, the bulk commodity demand
was reduced, and the prices generally declined. As a result, the
molybdenum market remained in the doldrums, the prices showed a downward
trend, and the annual average price was USD 12.74 per pound of
molybdenum, a decrease of 17.5% from 2011.
At the end of 2012, the supply of molybdenum ore decreased, the demand from steel mills increased, and the molybdenum price began to rise.In 2012, the global molybdenum output was 229 kilotons and the consumption was 225 kilotons, basically in balance.
With the recovery of steel demand since the fourth quarter of 2012, the demand for molybdenum is expected to resume growth. After 2014, some mines currently under construction will start production, such as Chile’s Sierra Gorda copper-molybdenum mine (controlled by KGHM and Sumitomo Metal) that is expected to start production in 2014. In addition, Grupo Mexico and Rio Tinto also plan to increase production.
At the end of 2012, the supply of molybdenum ore decreased, the demand from steel mills increased, and the molybdenum price began to rise.In 2012, the global molybdenum output was 229 kilotons and the consumption was 225 kilotons, basically in balance.
With the recovery of steel demand since the fourth quarter of 2012, the demand for molybdenum is expected to resume growth. After 2014, some mines currently under construction will start production, such as Chile’s Sierra Gorda copper-molybdenum mine (controlled by KGHM and Sumitomo Metal) that is expected to start production in 2014. In addition, Grupo Mexico and Rio Tinto also plan to increase production.
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