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IMOA issues first-ever quarterly statistics
02/08/2010
The International Molybdenum Association (IMOA) has released quarterly production and use statistics for the first time ever.
They show that in the first three months of this year (2010) 124.4 million lbs of Molybdenum were produced world-wide, with China the biggest producer at 43 million lbs. North and South America followed with 36.2 million lbs and 31.1 million lbs respectively. Other producing countries accounted for the remaining 14.1 million lbs.
China was also the biggest user of Molybdenum, using 29.8 million lbs, with Europe not far behind on 29.2 million lbs. The USA used 17.6 million lbs; Japan 14.4 million lbs, the CIS 4.4 million lbs and other countries 29.8 million lbs.
Tim Outteridge, Secretary-General of IMOA, said: “We have previously only published annual production and use statistics. The quarterly statistics are a part of our Strategic Plan initiatives to improve member services”.
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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