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Platts reported that the International Molybdenum Association said more molybdenum was produced and consumed in 2011 than ever before.

Platts reported that the International Molybdenum Association said more molybdenum was produced and consumed in 2011 than ever before.

As quoted in the market news:

The greatest usage of molybdenum in 2011 was recorded in China, where consumption increased to 168 million lb from 148.5 million lb in 2010. Europe recorded the second-biggest share with 133 million lb, up from 113.9 million lb in 2010. The US and Japan were the third- and fourth-largest users of molybdenum, accounting for 76.7 million lb and 60.8 million lb, respectively.

Click here to read the full Platts report.

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