Molybdenum News Center

Excess Supply of Molybdenum Prices Will Decline After 2016

Consultancy CPM Group (CPM Group) latest report, molybdenum prices experienced a continuous decline in the three years after a slight rebound in 2014; however, by the recent mid-term excess supply outlook and the impact of the expected annual molybdenum in 2016 after prices will fall.

CPM estimates that in 2014 the global molybdenum demand growth will reach 3.1 percent, the growth rate rose slightly in 2013 compared with 2.9%, mainly due to continued recovery in demand for specialty steel, as well as other non-metallurgical sector driven application growth. CPM estimates that demand for molybdenum in the next few years will continue to show modest growth in industrial production growth in emerging markets has slowed, it developed economies sluggish recovery effects.

CPM said that the next decade mainly supply growth still comes from molybdenum as a byproduct of copper mining, the period 2010-2013, as a by-product molybdenum production accounted for 50.9% share of total output; byproduct molybdenum forecast over the next decade in compound annual growth rate of 5.6% can be achieved, and account for the overall new supply of molybdenum 70% weighting.

CPM said that mainland China will remain the world's largest molybdenum producer, but accounted for 32% of its share of global production in the period from 2000-2013, and gradually fell to 28% in the period 2019-2023, mainly due to the production of the continent the gradual increase in the cost of. January 13, production of raw materials molybdenum trioxide offer of $ 9.40-9.45 per pound.

China Nonferrous Metals reported that consumption of downstream products with continuous shrinking orders, coupled with lack of funds active mining companies lower the price of molybdenum market has shown unprecedented sales pressure, molybdenum concentrate prices are immeasurable consolidation trend, the buyer absolute dominance. Part discontinued mining enterprises choose to wait and see, but most large-scale mining companies still produce sales, exacerbated by supply and demand, but also makes the molybdenum and iron-processing enterprises risk aversion, the market price of molybdenum concentrate is expected to dip to run still vulnerable.


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