Global molybdenum production and usage in Q1
10 May 2021
Figures released by the International Molybdenum Association (IMOA) show that the global production and use of molybdenum decreased slightly in Q1 when compared to the previous quarter (Q4 2019).
Global production of molybdenum fell by 8% to 139.2 million pounds (mlb) when compared to the previous quarter of 2019. However, this represented a 1% rise when compared to the same quarter of the last year.
North America was the only region to see a rise in production during the last quarter with production increasing 6% to 141.8mlbs when compared to the previous quarter, although this represented a 18% rise when compared to the same quarter of the previous year. China remained the largest producer of molybdenum at 47.7mlbs. Production in other countries fell 3% to 10.1mlbs, a fall of 5% when compared to the same quarter of the previous year.
Courtesy of the International Molybdenum Association.