Global Moly Production Hit New Record in 2013

Platts reported that according to the International Molybdenum Association (IMOA), global molybdenum production reached a new high of 539.2 million pounds in 2013. China was the biggest producer, putting out 194.9 million pounds.

As quoted in the market news:

Global molybdenum consumption was also higher at 537.7 million lb from 522.5 million lb in 2012.

‘These figures indicate that molybdenum use remained buoyant throughout 2013, with production keeping pace or slightly exceeding demand,’ IMOA’s secretary-general Tim Outteridge said in a press release.

Click here to read the full Platts report.