Global Molybdenum Industry Report, 2012-2015

In 2012, the global economic growth was weak, the bulk commodity demand was reduced, and the prices generally declined. As a result, the molybdenum market remained in the doldrums, the prices showed a downward trend, and the annual average price was USD 12.74 per pound of molybdenum, a decrease of 17.5% from 2011. At the end of 2012, the supply of molybdenum ore decreased, the demand from steel mills increased, and the molybdenum price began to rise.  In 2012, the global molybdenum output was 229 kilotons and the consumption was 225 kilotons, basically in balance. With the recovery of steel demand since the fourth quarter of 2012, the demand for molybdenum is expected to resume growth. After 2014, some mines currently under construction will start production, such as Chile's Sierra Gorda copper-molybdenum mine (controlled by KGHM and Sumitomo Metal) that is expected to start production in 2014. In addition, Grupo Mexico and Rio Tinto also plan to increase production.&nb

Original Post Global and China Molybdenum Industry Report, 2012-2015