Global Q2 Moly Production Totals 127.3 Million Pounds

Metal Powder Report reported that according to the International Molybdenum Association, global molybdenum use in the second quarter of 2013 came to 127.3 million pounds, up 4 percent from the 122.6 million pounds produced in the previous quarter.

As quoted in the market news:

China remained the biggest user, with 41.9 million lb in the second quarter of 2013, an increase of 9% from 38.6 million lb in the previous quarter, although 25% down compared to the same quarter in 2012. Europe was the second largest user with 35.4 million lb, down fractionally from 35.5 million lb in the previous quarter but an increase of 5% compared to the same quarter in the previous year.

Usage in the USA increased by 5% to 13.7 million lb compared with 13.0 million lb in the previous quarter. Use in Japan also increased slightly, rising by 4% to 14.7 million lb from 14.1 million lb in the previous quarter.

Usage in the CIS countries increased fractionally from 5.6 to 5.7 million lb, whilst usage in other countries also increased from 15.8 to 16.0 million lb.

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