Global molybdenum production fell, usage rise: IMOA

Figures released by the International Molybdenum Association (IMOA) show that the global production of molybdenum fell by 3% to 142.8 mlbs in Q2 2021 when compared to the same quarter of 2020, and global use of molybdenum rose 32% to 167.0 mlbs when compared to the same quarter of the previous year.

China remained at 52.8mlbs in Q2 2021, a 16% increase when compared to the same quarter of the previous year. South America saw a 9% fall to 44.8mlbs and North American production fell 18% to 30.4mlbs when compared to the same quarter of the previous year. Production in other regions rose 32% to 14.7mlbs when compared to the previous quarter.

Molybdenum usage increased in all regions when compared to the same quarter of 2020 and Q1 2021. China remained at 73.3mlbs, a 22% rise and Europe remained at 35.4mlbs, a 34% rise when compared to the same quarter of the previous year. Usage in other regions increased by 43% to 23.6mlbs when compared to the same quarter of the previous year. Usage in the USA saw the biggest percentage rise, 64%, to 15.6 mlbs and Japan rose 31% to 13.3mlbs when compared to the same quarter of the previous year.