Platts reported that global molybdenum production rose to 529.8 million pounds in 2012, a new high, according to the International Molybdenum Association. Consumption came in at 520.9 million pounds, slightly down from 2011's 522.1 million pounds.
Research in China's new report, Global and China Molybdenum Industry Report, 2012-2015, reveals that while the molybdenum market remained "in the doldrums" for the bulk of 2012, with output and consumption essentially equal, prices began to rise at the end of the year. The average price for the year was US$12.74 per pound, a 17.5-percent decline compared to 2011.
Uncertainty remains for the 2012 molybdenum market following the volatility of 2011.
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