China-The Largest Moly Supplier in 2014
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- Category: Molybdenum's News
- Published on 28 August 2015
- Written by Elva
- Hits: 540
China
Mine production: 100,000 tonnes
China produces the vast majority of the world's moly, and despite a 1,000-tonne drop in production between 2014 and 2015, the country remains the globe's biggest producer by a large margin.
The Asian country's massive economy includes a giant industrial sector, and it is keen to limit its reliance on western mine output. By producing the moly needed to keep its industrial capacity strong, China avoids overpaying for imported metal. In years past, the country leveraged its position as the top moly producer by limiting exports of the metal, but as mentioned above, that changed in 2015. The full implications of China's more open trade policy for moly remain unclear.
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