Tag: South America
In Q2 global molybdenum production rose by 3%, and use
International Molybdenum Association (IMOA) shows that the global production of molybdenum rose by 3% to 148.2mlbs when compared to the previous quarter of 2020 and the same quarter of 2019.
Global molybdenum production and use falls in Q1
Figures released by the International Molybdenum Association (IMOA) show that the global production and use of molybdenum fell in Q1 when compared to the previous quarter (Q4 2019).
Global molybdenum production remains static
Global production of molybdenum remained almost unchanged in the third quarter of 2018 at 137.8 million pounds compared to 138.
Increased use of molybdenum
International Molybdenum Association (IMOA) show increases in the global production and use of molybdenum, compared to the same quarter in 2017.
Molybdenum use reaches new heights
According to new full-year figures from the International Molybdenum Association, the global use of molybdenum has rocketed to a new high of 474 million lbs, exceeding the peak use of 470 million lbs in 2007. China had the greatest demand for molybdenum in 2010;
Klöckner buys majority stake in Frefer
As part of its Klöckner & Co 2020 strategy, Klöckner & Co has begun its planned entry into emerging markets by acquiring a 70% share of the Frefer Group, the third-largest independent steel and metal distributor in Brazil. This acquisition will allow the company to create its first foothold in the emerging markets of South America. The acquisition is taking place at a cost that is 6.5 times the projected average EBITDA over a five-year planning horizon.