The International Molybdenum Association (IMOA) has reported that the global use of Molybdenum has risen four percent to 127.3 million pounds in the second quarter of 2013, compared to the first quarter’s use of 122.6 million pounds.
Just as importantly, global production increased by seven percent to 131.3 million pounds compared to the first quarter of 2013.
In the US, usage rose by five percent to 13.7 million pounds compared to 13.0 million pounds in the first quarter. South American production increased, but only slightly from 26.9 million pounds in the first quarter to 27.7 million pounds in the second. China remained the biggest molybdenum user with 41.9 million pounds, but Europe was not far behind with 35.4 million pounds.
In the US, usage rose by five percent to 13.7 million pounds compared to 13.0 million pounds in the first quarter. South American production increased, but only slightly from 26.9 million pounds in the first quarter to 27.7 million pounds in the second. China remained the biggest molybdenum user with 41.9 million pounds, but Europe was not far behind with 35.4 million pounds.
Tim Outteridge, IMOA Secretary-General, when commenting on the figures stated, “Production and use recovered slightly over the previous quarter, but the picture was mixed, regionally.”