International Molybdenum Association (IMOA) shows that global production of molybdenum fell by 1% to 142.4million pounds (mlbs) in Q3 2022, whereas global usage of molybdenum in Q3 2022 remained broadly static at 160.4 mlbs.
China and South America remained the largest producer of molybdenum at 62.6 mlbs and 38.9 mlbs – a 14% rise and a 6% fall when compared to the same quarter of the previous year. Production in North America rose 4% to 27.4 mlbs and other regions saw a 4% decrease in production to 13.5 mlbs when compared to the previous quarter.
China and Europe remained the largest user of molybdenum at 68.9 mlbs and 29.5 mlbs, respectively. Production in Other Regions saw a 1% increase to 29.0 mlbs. The USA and Japan saw the largest rise in usage, 5% to 15.7 mlbs and 4% to 12.9 mlbs when compared to the previous quarter. Usage in CIS saw the largest fall, 15%, to 4.5 mlbs when compared to the previous quarter.
