The TEX Report Topics < Ferro Alloys > Home
HOME >> Topics List >> March, 2011 >> 04 (Fri)
Output Of Molybdenum In Western World In CY 2010 Increased With Some Restraint
= Expansion Was Limited To 15% Compared To That In 2009, Output In North America Exceeded South America
The output of molybdenum in the western world in the calender year (January - December) of 2010 was 269.04 million lbs., which increased by 15.4% compared with that (233.23 million lbs.) in the preceding year of 2009, and this expansion of molybdenum production in 2010 was thought to have been restricted in comparison with production activities of other metals. The output of molybdenum in South American region in 2010 was 129.10 million lbs., having increased only by 5.4% compared to that (122.42 million lbs.) in 2009, and this aspect influenced on the whole output of molybdenum in the western world in 2010.

The production of molybdenum in North American region in 2010 recovered in order and actually produced 139.94 million lbs., which had a substantial increase of 26.3% compared with that (110.81 million lbs.) in 2009. However, copper mining companies in South American region have been producing molybdenum as by-product in the process of copper production and the output of molybdenum in this region in 2010 had been limited as mentioned above. The production of molybdenum mainly at primary mines in North America has been increasing in recent several years and an analyst has presumed that the latest production of molybdenum in North America is estimated to have shared 55% of the whole output in the western world.

The quantities of molybdenum in concentrates produced by major molybdenum mines of the western world in 2010 were as per the table shown below. The ratios of molybdenum produced in 2010 and broken down by regions were <> North American region : 52.0% and <> South American region : 48.0% respectively.

Copper price in 2010 had a remarkable rally and, following this market situation, the price in 2001 recorded US$10,000 per ton in January as a momentary case. For a reference, since the global demand for copper is expected to increase, copper price is anticipated to have been maintained on a firm tone. The reason, why the output of molybdenum in South American region in 2010 was restrictive, was due to a sharp rise of copper price and copper mining companies in South America concentrated their production on copper in 2010 because of a favorable profitability for copper production.

The pace to revive molybdenum production in 2010 was unexpectedly slow and this phenomenon was pointed out by the fact that the exports of molybdenum from China in 2010 were unable to expand. The quantity of molybdenum to be imported by China in 2010 as estimated by molybdenum producers in the western countries was not possible to surge as recorded in 2009 (imported 72.39 million lbs.). China rather imported a huge quantity of molybdenum in 2009 and, as a reaction to the massive imports of molybdenum in 2009, the excessive stocks of molybdenum were left in China in 2010. Consequently, China transformed in 2010 to the country to export molybdenum with net quantity. A balance on trade of molybdenum by China in April - June quarter of 2010 and afterwards was a small excess of exports against imports and China transformed to the country to export molybdenum with net quantity.

According to an information from China in relation to molybdenum production in 2010, because of the regulations for supply of electric power enforced in China from the second half of 2010, the total quantity of molybdenum produced in China in 2010 had an increase of 6.7% compared to that in 2009, which was rather restrictive in comparison with an expansion in production of crude steel and an increase in production of stainless steel in this country in 2010. The output of molybdenum in China in 2010 was supposedly unable to recover to the scale as seen in 2008.
data image
last modified : Wed 09 Mar, 2011 [09:56]
Copyright (C) 2004 The TEX Report Ltd. All Rights Reserved.