Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Global molybdenum market balanced in ’12, report says

Keywords: Tags  molybdenum production, molybdenum consumption, molybdenum market, Freeport-McMoRan Copper & Gold, Codelco, Grupo Mexico, Research in China, molybdenum Daniel Fitzgerald

NEW YORK — The global molybdenum market was essentially in balance last year, with production exceeding consumption by just 4,000 tons, according to a report from Beijing-based market research company Research in China.

Global molybdenum output totaled 229,000 tons in 2012 while consumption was 225,000 tons,the report said.

China produced 92,000 tons of molybdenum in 2012, accounting for 40.2 percent of global molybdenum output. The country consumed 85,000 tons, or 37.8 percent of global consumption.

Phoenix-based Freeport-McMoRan Copper & Gold Inc. was the largest molybdenum producer, with a 17-percent share of the global market, followed by Santiago, Chile-based Corporación Nacional del Cobre de Chile (Codelco) and Mexico City-based Grupo Mexico SAB de CV.

Some molybdenum mines currently under construction will start production in 2014, including the Sierra Gorda copper-molybdenum mine in Chile, while Grupo Mexico also plans to increase molybdenum production (, Feb. 26).

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends