Global production of molybdenum rises year on year

13 July 2021

Figures released by the International Molybdenum Association (IMOA) show that the global production of molybdenum rose by 2% to 146 mlbs when compared to the same quarter of 2020, although this represented a 10% fall when compared to the previous quarter.

Global use of molybdenum rose 24% to 153 mlbs when compared to the same quarter of the previous year, but fell 1% when compared to the previous quarter.

China became the largest producer of molybdenum at 51.2 mlbs. Production there rose 10% when compared to the same quarter, Q1, of the previous year, although this represented a 9% fall when compared to the previous quarter of 2020. South America, the second-largest producer, saw a 3% rise to 45.9 mlbs when compared to the same quarter of the previous year, although this represented an 11% fall when compared to the previous quarter. North American production fell 4% to 37.7 mlbs when compared to the same quarter of the previous year, which represented a 5% fall when compared to the previous quarter. Production in other regions fell 8% to 11.2mlbs in comparison to the same quarter of the previous year, a 19% fall when compared to the previous quarter.

Molybdenum usage increased in all regions, with the exception of Japan, when compared to the same quarter of the previous year. Usage increased in all regions, with the exception of China, when compared to the previous quarter. China remained the largest user of molybdenum at 61.7 mlbs, a significant 53% rise. Europe remained the second largest user of molybdenum at 34.8 mlbs, a 12% increase. The USA saw an 11% rise in use to 14 mlbs. Usage in the CIS increased 23% to 5.6 mlbs.