Molybdenum News Center

The molybdenum industry research reports: the short term, the global economy pick up, long-term look at the steel structure upgrade

Molybdenum is superior resources in China. Molybdenum is a non-renewable resources, whatever at reserves or production, China is a big well-deserved molybdenum country. Domestic molybdenum ore are mainly distributed in the provinces of Henan, Shaanxi, Jilin.. Jinzhai, Shaping molybdenum mine was discovered in 2011 in Anhui ranked second in the world, 239 million tons, the amount of molybdenum grade is as high as 0.14%. Molybdenum supply in China and overseas presence of significant differences, domestic native molybdenum mine is higher mining costs; overseas associated molybdenum mine, and low cost. Expected future overseas associated the molybdenum mineral growth, domestic primary molybdenum mine supply is relatively loose.

Frequent policy, strengthen the regulation and control. China in recent years to increase the molybdenum resource protection, and an endless stream of protective measures. Although efforts not as rare earths, tungsten, antimony, and other industries, but this is paving the way for future policy overweight. Beginning in 2010, molybdenum products, the abolition of all export tax rebate policy objectives aim at domestic molybdenum enterprises to expand downstream processing. Is expected to the the molybdenum industry chain will be two extending resources, scale, enterprise technology and processing advantages will be the winner.

Molybdenum closely related to the steel industry. Downstream of molybdenum 80% is used in the steel industry, both steel production and consumption of molybdenum steel prices and molybdenum prices, the correlation is high. 2009 China's four trillion investment-driven China's steel output substantial growth Correspondingly, the global molybdenum significantly reduce the amount of excess supply. The domestic steel prices in November last year, superimposed with the producer of molybdenum in the off-season led to the sharp rebound in domestic molybdenum concentrate, the largest rose to 24%. Molybdenum is an additive in steel, the absolute value is low, less alternatives, molybdenum prices rose does not affect the steel procurement will.

The short term, the global economic rebound, long-term look at the steel structure upgrade. Molybdenum downstream steel industry, which is closely related to macroeconomic trends. With the outbreak of the U.S. subprime crisis and the debt crisis, the global molybdenum market from shortage to a surplus. The world's major steel-producing countries have passed the era of industrialization, China's economy continues to rely on large-scale fixed asset investment-led economic growth model is not sustainable, we judge the golden age of the rapid growth of China's steel production has passed. The short term, the molybdenum demand pick up depends on the process of global economic recovery; long term, depending on the upgrading of China Special Steel accounted tonne of steel containing molybdenum than increasing.

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