Global Molybdenum Usage to Rise 4.5%/year Through 2019: IMOA

Platts reported that a recent survey indicated worldwide demand for molybdenum is expected to grow 4.5%.

The market news is quoted as saying:

The growth is partly driven by some fast growing or new applications, IMOA said in a statement, adding that for power generation this includes renewable energy, notably wind turbine gears and shafts and conventional coal power plants where superalloys will find increased use as higher operating temperatures are required to improve efficiency.

To read the full market news, click here.