Molybdenum News Center

Adequate Supply of Molybdenum Concentrate in 2015

"As the production capacity of existing projects and new projects can be expanded, molybdenum ore supply will increase significantly next year, will rise to excess supply of molybdenum." Jorge Cantallopts research and policy planning director at the Chilean Copper Commission recently hosted by the British "Metal Bulletin when "(METAL BULLETIN) and Minmetals jointly organized the" 2014 Forum molybdenum international market, "said he expects the next two years were the Chilean molybdenum supply growth of 16%.

Several other guests also attending the supply of molybdenum concentrate is optimistic about next year.

"Mo will have an adequate supply to the market in 2018, unless demand growth exceeded expectations." Outokumpu Germany Holding GmbH's Frank Ehrenberg expected supply in the next few years this year and molybdenum will increase the supply side will reach an annual growth rate of 4% to 5%.

It is understood that the monomer molybdenum largest in China's first production of molybdenum concentrate Yichun Luming mine has entered the market this year, Sierra Gorda mine molybdenum concentrate will also be put on the market at the end of a quarter of next year.

China Molybdenum Industry Group Co., Ltd. Vice Jiangzhong Jiang said that for next year bearish market price of molybdenum concentrate. He said there have been new mines in China found that sufficient ore supply. Moreover, the most stringent in the history of January 1 next year will launch the environmental laws, as a result of the molybdenum concentrate is processed into iron and molybdenum concentrate roasting process, will produce large amounts of polluting gases, the number of domestic environmental compliance roasting capacity is also very critical, molybdenum smelting or will be affected.

Consumption, the delegates also relatively optimistic. Deputy General Manager of Jinduicheng Molybdenum Co., Ltd. Sales Company Cao Junyi believes that next year China molybdenum steel consumption with simultaneously, will continue to grow.

Frank Ehrenberg also said that the growth rate will be higher than that of stainless steel containing molybdenum molybdenum-free stainless steel growth, which will benefit the molybdenum consumption. In terms of price, he believes that next year the molybdenum price less than $ 12 / lb. "In early molybdenum prices may rebound, but with the increase in supply, prices will fall." He said.

Jorge Cantallopts global molybdenum market this year is expected to be slightly shortage of molybdenum average price of $ 11.5 / lb, next year will be a slight excess of global molybdenum market, but due to rising production costs, the molybdenum price will be higher than this year.

In early August of this year, the World Trade Organization (WTO) announced the United States, European Union, Japan v China rare earths, tungsten, molybdenum export management measures related to the case of the Appellate Body report. This report is the final ruling report. Report maintains a preliminary ruling in March this year, the results of the expert group, found China's exports of rare earth, tungsten and molybdenum restrictions violated the WTO rules. WTO supports the EU, the US and Japan claims that China's export duties and quotas failed to environmental or conservation grounds justified.

Earlier, in 2015 the total export quota list Metal Industries released by the Commerce Department does not involve molybdenum and tungsten products. Market participants expect the government may cancel molybdenum, tungsten product export quota system in 2015.

Molybdenum cancel export quotas, import and export trade of molybdenum affect the geometry?

Cao Junyi think Mo's export situation next year, there are many unknowns. He said that the current domestic molybdenum prices higher than the international market, is not conducive to exports. Policy, China next year will introduce a new resource tax collection scheme, the current collection methods still uncertain. In addition, next year the Government will introduce other policies also need to wait and see.

Jinag zhongqiang believes that with the liberalization of foreign trade next year, next year there will be more foreign molybdenum into China, but the amount of molybdenum concentrate imports will not be great.


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