Q1 2014 Brought 2-percent Drop in Global Moly Usage

Metal Powder Report said that according to the International Molybdenum Association, global molybdenum use was 2 percent lower in Q1 2014 than it was in the previous quarter; specifically, it came to 136.1 million pounds. That said, Q1 usage was 7 percent higher than it was in the first quarter of 2013.

As quoted in the market news:

Global production slowed to 133.4 million lb for the first quarter, down 6% from 141.4 million lb in the previous quarter, but was also 7% higher compared with the same period in 2013.

China remained the biggest user, with 46.6 million lb in the first quarter of 2014, a decrease of 10% from 51.8 million lb in the previous quarter, but 11% higher than the same quarter in 2013.

Europe was the second largest user with 36.9 million lb, an increase of 5% from 35.1 million lb in the previous quarter and an increase of 3% compared to the same quarter in 2013.

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