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Global production and usage of molybdenum rose in Q2 2022
06/10/2022
Figures released today by the International Molybdenum Association (IMOA) show that global production of molybdenum rose 2% to 144.9 million pounds (mlbs) in Q2 when compared to the previous quarter but remained static when compared to the same quarter of the previous year. Global use of molybdenum in Q2 2022 rose 3% to 161.1mlbs when compared to the previous quarter, although this represented a fall of 6% when compared to the same quarter of the previous year.
China remained the largest producer of molybdenum at 63.1mlbs – an increase of 4% when compared to the previous quarter but a rise of 14% when compared to the same quarter of the previous year. South America, the second largest producer, saw a 1% fall to 41.5mlbs when compared to the previous quarter, but a 7% fall when compared to the same quarter of the previous year. North American production fell 6% to 26.3mlbs, a 13% fall when compared to the same quarter of the previous year. Production in Other Regions saw a significant rise, 22%, to 14mlbs compared to the previous quarter, however this represented a 3% fall when compared to the same quarter of the previous year.
China remained the largest user of molybdenum at 67.8mlbs, this represented a 1% rise when compared to the previous quarter, but an 8% fall when compared to the same quarter of the previous year. Usage in Europe rose 4% to 31.8mlbs, however this represented a 10% fall when compared to the same quarter of the previous year. Usage in Other Regions rose significantly, 19% when compared to the previous quarter, to 28.7mlbs, although this represented only a 5% increase when compared to the same quarter of the previous year. Usage in the USA dropped 1% to 14.9mlbs, a 4% drop when compared to the same quarter of the previous year. Usage in Japan decreased 3% to 12.5mlbs when compared to the previous quarter, although this represented a 7% fall when compared to the previous year. CIS saw the largest decrease in usage, 14%, to 5.3mlbs, although this represented only an 8% decrease when compared to the same quarter of the previous year.
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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