South Korea’s May Moly Imports Total 821 MT

Platts reported that South Korea imported 821 metric tons (MT) of molybdenum in May, double the 406 MT it imported a year ago, as a result of SeAH M&S, the country’s biggest moly oxide producer, doubling its output.

As quoted in the market news:

But South Korea imported 198 mt of moly concentrate from Mongolia in May, down from 369 mt last year, while imports from China fell to zero from 37 mt.

May, however, saw moly concentrate imports from Chile (409 mt), Canada (35 mt), Mexico (160 mt) and Peru (17 mt), compared with none from these countries in the year-ago period.

Mongolia’s share of the South Korean market has been falling since January this year, as SeAH M&S has been looking to diversify its supply sources, said local market sources.

Click here to read the full Platts report.