Molybdenum Supply Exceeds Demand by 14 Million Pounds in Third Quarter

Platts reported that according to the International Molybdenum Association, molybdenum supply grew in the third quarter of 2014, with production exceeding demand by around 14 million pounds.

According to the market news:

Global production of molybdenum increased to 150.3 million lb in Q3, up 5% from 142.9 million lb in the previous quarter, and up 11% year on year, IMOA said. Global use of molybdenum in Q3 fell slightly to 136.4 million lb, down 3% from 139.9 million lb in the previous quarter and 1% lower than the same quarter of 2013. North America remained the biggest producer, with Q3 production rising 7% to 53.3 million lb from 49.9 million lb in Q2 and 20% from Q3 2013.

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