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Molybdenum production up, use down slightly
06/02/2015
Global production of molybdenum increased to 150.3 million pounds for the third quarter of 2014, up 5% from 142.9 million pounds in the previous quarter, and 11% higher compared with the same period in 2013, figures released today by the International Molybdenum Association (IMOA) show.
Global use of molybdenum in the third quarter of 2014 fell slightly to 136.4 million pounds, down 3% from 139.9 million pounds in the previous quarter and 1% lower than the same quarter in 2013,
North America remained the biggest producer, with production rising from 49.9 million pounds in the second quarter of 2014 to 53.3 million pounds in the third quarter, an increase of 7% on the previous quarter and an increase of 20% compared to the same quarter in 2013.
Production in China also increased, from 49.6 million pounds in the second quarter of 2014 to 51.1 million pounds in the third, an increase of 3%. Production in South America rose from 34.4 million pounds in the second quarter of 2014 to 36.9 in the third. Production in other countries remained virtually unchanged at 8.9 million pounds.
China remained the biggest user, with 47.5 million pounds in the third quarter of 2014, virtually unchanged from the previous quarter, but 10% less than the 52.9 million pounds recorded in the same quarter in 2013.
Europe was the second largest user with 34.3 million pounds, down 8% from 37.4 million pounds in the previous quarter and down 1% compared to the same quarter in 2013.
Usage in the USA increased by 3% to 16.3 million pounds compared with 15.8 in the previous quarter, while use in Japan decreased fractionally from 15.0 million pounds in the second quarter of 2014 to 14.9 million pounds in third quarter. Usage in the CIS countries decreased by 8% to 6.0 million pounds, while usage in other countries fell fractionally to 17.4 million pounds.
General information for media
IMOA is a non profit trade association, representing the majority of the molybdenum industry worldwide. It works to raise awareness about the unique properties of molybdenum, its beneficial effects on materials performance, its safety in use and its contribution to sustainable development.
Molybdenum is added to alloy steels to improve strength, toughness, hardenability and weldability for numerous applications in the automotive, shipbuilding, construction, mining, chemical, oil & gas and energy generation industries. In stainless steels and superalloys, it improves corrosion resistance and high-temperature performance and finds uses in many industrial applications. It is also used in a variety of products from catalysts and lubricants to pigments and paint.
IMOA has a strict antitrust compliance policy which delegates of all meetings are required to observe. All such meetings are observed by legal counsel.
For more information please email the communications team at media@imoa.info.
For up-to-date information please follow IMOA on Twitter and LinkedIn.
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