South Korea's May Molybdenum Concentrate Imports Double on Year to 821 MT
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- Category: Molybdenum's News
- Published on 21 June 2013
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South Korea's molybdenum concentrate imports doubled to 821 mt in May, compared with 406 mt a year ago, according to data released over the weekend by Korea Customs Service.
This was due to South Korea's largest moly oxide producer, SeAH M&S, doubling its output to 800-1,000 mt/month since June last year as a result of capacity additions, said a local moly concentrate trader.
But South Korea imported 198 mt of moly concentrate from Mongolia in May, down from 369 mt last year, while imports from China fell to zero from 37 mt.
May, however, saw moly concentrate imports from Chile (409 mt), Canada (35 mt), Mexico (160 mt) and Peru (17 mt), compared with none from these countries in the year-ago period.
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