IMOA reports global molybdenum production has risen
10 November 2020
Figures released by the International Molybdenum Association (IMOA) show that the global production of molybdenum has risen by 3% to 148.2mlbs when compared to the previous quarter of 2020 and the same quarter of 2019. Global use of molybdenum also rose by 3% to 126.9mlbs when compared to the previous quarter.
South America became the largest producer of molybdenum at 49.4mlbs, surpassing China which became the second largest producer at 47.2mlbs. South American production was 11% higher than the previous quarter, and 12% higher than the same quarter of the previous year. Other regions saw a significant percentage rise in production to 14.8mlbs, a 26% increase when compared to the previous quarter and a 39% increase when compared to the same quarter of the previous year.
Courtesy of IMOA.