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Global production and use of molybdenum fell in Q3 2021
22/12/2021
Figures released today by the International Molybdenum Association (IMOA) show that the global production of molybdenum fell by 1% to 141.7mlbs in Q3 2021 when compared to the previous quarter, a fall of 6% when compared to the same quarter of the previous year.
Global use of molybdenum in Q3 2021 fell 15% to 144.6mlbs when compared to the previous quarter, although this represented a 5% increase when compared to the same quarter of the previous year.
China was the largest producer of molybdenum at 52.3mlbs in Q3 2021, a 1% fall when compared to the previous quarter but a rise of 12% when compared to the same quarter of the previous year. South America, the second largest producer, saw a 2% rise to 45.7mlbs when compared to the previous quarter, although this represented a 14% fall when compared to the same quarter of the previous year. North American production rose 3% to 31.4mlbs when compared to the previous quarter, a 16% drop when compared to the same quarter of the previous year. Production in Other Countries fell 17% to 12.3mlbs when compared to the previous quarter, an 11% fall when compared to the same quarter of the previous year.
Molybdenum usage fell in all regions when compared to the previous quarter, although it rose in all regions, with the exception of China, when compared to the same quarter of the previous year. China, the largest user at 56.2mlbs, saw the largest percentage decrease, 23%, when compared to the previous quarter, a 14% fall when compared to the same quarter of the previous year. Usage in Europe, the second largest user, rose 10% to 30.3mlbs when compared to the same quarter of the previous year, although this represented a fall of 14% when compared to the previous quarter. Usage in Other Regions rose 34% to 24.1mlbs when compared to the same quarter of the previous year, a 7% fall when compared to the previous quarter. Usage in the USA rose 34% to 15.3mlbs when compared to the same quarter of the previous year, a 2% fall when compared to the previous quarter. Use in Japan rose 24% to 13.1mlbs when compared to the same quarter of the previous year, a 2% fall when compared to the previous quarter. In the CIS, usage rose 18% to 5.7mbls when compared to the same quarter of the previous year, a 2% fall when compared to the previous quarter.
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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