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Global industrial slowdown has knock-on effect on molybdenum in Q3 2012

25/02/2013

Global use of molybdenum in the third quarter of 2012 decreased to 117.8 million pounds, down 7% from 127.3 million pounds in the previous quarter and 10% lower than the same quarter in 2011, figures released by the International Molybdenum Association (IMOA) show.

Global production slowed to 132.7 million pounds for the third quarter, down 7% from 142.2 million pounds in the previous quarter and static compared with the same period in 2011.

China remained the biggest user, with 38.6 million pounds in the third quarter of 2012, a decrease of 8% from 41.9 million pounds in the second quarter and a decrease of 21% compared to the same quarter in 2011.

Europe was the second largest user with 30.1 million pounds, a decrease of 13% from 34.6 million pounds in the second quarter and a decrease of 11% compared to the same quarter in 2011.

Usage in the USA decreased by 5% to 14.8 million pounds compared with 15.5 in the second quarter, whilst use in Japan decreased by 3% from 14.1 million pounds in the second quarter to 13.7 million pounds in quarter three.

Usage in the CIS countries increased by 12% to 5.4 million pounds, whilst usage in other countries decreased by 7% to 15.2 million pounds, although this was 7% greater than the same quarter in 2011.

China also remained the biggest producer, but recorded the biggest percentage decrease in production, falling from 60.2 million pounds in the second quarter of 2012 to 52.2 million pounds in the third, although this still represented an 11% increase on the level in the same quarter in 2011. North American production increased by 3% from 42.7 million pounds in the second quarter to 43.9 million pounds in the second quarter.Production in other countries increased by 5% from 7.8 million pounds in the second quarter to 8.2 million pounds in the third quarter.

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Notes for editors

IMOA is a non-profit trade association representing the interests of most of the world’s molybdenum producers and converters, as well as consumers and traders.

Molybdenum is added to steels and cast irons 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.

For more information contact:

Alan Hughes
T: +44 (0)1606 852011
M: +44 (0)7759 243969
E: ahughes@imoa.info

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