Back | Latest news overview
Molybdenum production and use increase
Global use of molybdenum in the second quarter of 2014 increased to 139.9 million pounds, up 3% from 136.1 million pounds in the previous quarter and 4% higher than the same quarter in 2013, figures released today by the International Molybdenum Association (IMOA) show.
Global production increased to 142.9 million pounds for the second quarter, up 7% from 133.4 million pounds in the previous quarter, and 4% higher compared with the same period in 2013.
China remained the biggest user, with 47.6 million pounds in the second quarter of 2014, an increase of 2% from 46.6 million pounds in the previous quarter, but still 4% less than the 49.6 million pounds recorded in the same quarter in 2013.
Europe was the second largest user with 37.4 million pounds, an increase of 1% from 36.9 million pounds in the previous quarter and an increase of 6% compared to the same quarter in 2013.
Usage in the USA increased by 7% to 15.8 million pounds compared with 14.8 in the previous quarter, while use in Japan also increased slightly from 14.8 million pounds in the first quarter of 2014 to 15 million pounds in second quarter of 2014. Usage in the CIS countries increased by 6% to 6.5 million pounds, while usage in other countries also increased to 17.5 million pounds.
North America eclipsed China as the biggest producer, with production rising from 43.7 million pounds in the first quarter of 2014 to 49.9 million pounds in the second quarter, an increase of 14% on the previous quarter and an increase of 7% compared to the same quarter in 2013.
Production in China also increased, from 44.1 million pounds in the first quarter of 2014 to 49.6 million pounds in the second quarter, an increase of 12%. Production in South America fell from 36.6 million pounds in the first quarter of 2014 to 34.4 in the second quarter. Production in other countries remained virtually unchanged at 9 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 email@example.com.
For up-to-date information please follow IMOA on Twitter and LinkedIn.
Back | Latest news overview