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Molybdenum production rises

28/10/2010

Global production of molybdenum rose in the second quarter of this year, figures released by the International Molybdenum Association (IMOA) show a total of 129.1 million lbs of molybdenum was produced, compared with 119.3 million lbs in the first quarter of the year.

China was the biggest producer with 44 million lbs, followed by North America with 41.1 million lbs; South America with 29.7 million lbs and other producing countries accounting for 14.3 million lbs.

China again led the way in usage, consuming 39.7 million lbs, followed by Europe, which used 30.9 million lbs. The USA used 17.5 million lbs; Japan 15.4 million lbs; CIS 5.1 million lbs with other countries using 14.9 million lbs, giving a total usage for the second quarter of 123.5 million lbs.

IMOA now releases quarterly statistics as part of a strategic plan initiative to improve services to its members.


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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