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IMOA releases new statistics
Global usage of molybdenum rose 15 per cent in the third quarter of 2011 compared with the same period in 2010 but fell compared with the previous quarter, according to new figures released this month by the International Molybdenum Association (IMOA).
Compared with last year, the CIS countries increased their usage by 39 per cent to 7.5 million lbs. Usage was up 18 per cent in Europe to 30.6 million lbs, 14 per cent in China to 43 million lbs and 25 per cent in other countries to 19.2 million lbs.
But, apart from Japan, where usage rose two per cent compared with Q2, all regions saw a drop in use in Q3 compared with Q2. The biggest fall of 14 per cent was in Europe, in other regions the drop was less dramatic varying between one and three per cent.
Global production of molybdenum increased by nine per cent compared with the same time last year. China remains the biggest producer showing a rise of 16 per cent in the third quarter of 2011 compared with the same period in 2010 and up 12 per cent compared with the previous quarter.
North and South America shared second place with a rise of seven per cent each. Production in other parts of the world fell by six per cent compared with the same time last year and four per cent compared with the previous quarter.
Both China and South America showed an increase in production compared with Q2 but for North America and other parts of the world production dropped by 11 and four per cent respectively.
IMOA releases quarterly statistics as part of a strategic 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 email@example.com.
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