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Molybdenum production on the rise as usage falls


World-wide production of molybdenum continued to rise during the third quarter of 2010, although usage fell, figures released by the International Molybdenum Association (IMOA) reveal.

In total, 132.2 million lbs of molybdenum was produced, a rise of more than three million lbs on the previous quarter. However, usage fell by five million lbs to 121.6 million lbs, a drop attributed to slower production in the steel making sector during Q3.

China was the biggest producer and the biggest user of molybdenum during the quarter, contributing 43.6 million lbs to the total production and using 38 million lbs.

North America was close behind in production, with 42.9 million lbs, followed by South America with 31.4 million lbs and other molybdenum producing regions contributing 14.3 million lbs.

Europe was the second biggest user, consuming 28.7 million lbs with the USA third on 17.6 million lbs. They were followed by Japan (15.8 million lbs) and the CIS (5.4 million lbs) with other consuming regions accounting for 16 million lbs.

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

For more information contact: 

Dianne Nott
T:  +44 (0)1565 652074
M:  +44 (0)7860 272754

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