Mineweb reported that a US Geological Survey report indicates that US molybdenum production saw a 25 percent decline in May. The country’s molybdenum exports were also down during the first five months of the year.
As quoted in the market news:
The agency reported that moly production for the first five months of this year also declined from 29,300 metric tons during the period of January to May 2011 to 24,600 metric tons.
U.S. moly exports dropped from 21.8 million kilograms (21,800 metric tons) from January to May 2011 to 18.4 million kilograms (18,400 metric tons) during the same period of this year. Moly exports for May 2012 were reported at 3.59 million kilograms (3,590 metric tons), down from 4.76 million kilograms (4,760 metric tons) in May 2011.