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Global molybdenum production and use rise in quarter two of 2019

30/10/2019

Figures released today by the International Molybdenum Association (IMOA) show that global production and use of molybdenum rose when compared to the first quarter of 2019.

Global production of molybdenum rose by 4% to 143.0 million pounds (mlbs) when compared to the previous quarter of 2019, a 3% rise when compared to the same quarter of 2018. Global use of molybdenum rose by 9% to 149.0 mlbs, although this represented a fall of 1% when compared to the same quarter of the previous year.

China remained the largest producer of molybdenum at 50.8 mlbs, 1% below the previous quarter but an increase of 2% when compared to the same quarter of the previous year. South America were the second largest producer at 44mlbs, a rise of 2% on the previous quarter but a 5% drop when compared to the same quarter of 2018. Production in North America saw the largest percentage increase of 18% to 38.5mlbs when compared to the same quarter of the previous year, 15% when compared to the previous quarter. Production rose 1% in other countries to 9.8 mlbs when compared to the previous quarter, although this represented a 1% decrease when compared to the same quarter of 2018.

Global use of molybdenum rose by 9% to 149mlbs when compared to the previous quarter, although this represented a 1% decrease when compared to the same quarter of the previous year. China remained the largest user at 54.8 mlbs, a 23% increase when compared to the previous quarter but a fall of 3% when compared to the same quarter of the previous year. Europe remained the second largest user of molybdenum at 38.1 mlbs, a rise of 2% when compared to the previous quarter and the same quarter of 2018. Other countries used 22 mlbs of molybdenum, an increase of 1% when compared to the previous quarter but static when compared to the same quarter in 2018. Japan saw an 11% rise in their use of molybdenum to 15.3 mlbs when compared to the previous quarter, a 5% rise when compared to the same quarter of the previous year. Molybdenum use in the USA fell by 4% to 13mlbs when compared to the previous quarter, a 16% decrease when compared to the same quarter of the previous year. CIS saw an increase in their molybdenum use of 4% to 5.8mlbs when compared to the previous quarter, an 8% rise in comparison to the same quarter of the previous year.

 

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Notes to editors
IMOA is a non-profit trade association representing the interests of most of the world's molybdenum producers and converters, as well as consumers and traders.

Molybdenum is added to steels and cast irons 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.


For more information contact:

Claire Caton
T: +44 (0)7796261164
E: claire@stratia.co.uk

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