In 2012, the global economic growth was weak, the bulk commodity demand was
reduced, and the prices generally declined. As a result, the molybdenum market
remained in the doldrums, the prices showed a downward trend, and the annual
average price was USD 12.74 per pound of molybdenum, a decrease of 17.5% from
2011. At the end of 2012, the supply of molybdenum ore decreased, the demand
from steel mills increased, and the molybdenum price began to rise.
In 2012, the global molybdenum output was 229 kilotons and the consumption was
225 kilotons, basically in balance. With the recovery of steel demand since
the fourth quarter of 2012, the demand for molybdenum is expected to resume
growth. After 2014, some mines currently under construction will start
production, such as Chile's Sierra Gorda copper-molybdenum mine (controlled by
KGHM and Sumitomo Metal) that is expected to start production in 2014. In
addition, Grupo Mexico and Rio Tinto also plan to increase production.
Global Molybdenum Output and Consumption, 2010-2015 (Unit: kiloton)
Source: IMOA; ResearchInChina Global and China Molybdenum Industry Report, 2012-2015
China is a large producer and consumer of molybdenum in the world, and the
global increment in the production and consumption of molybdenum in the past
two years mainly came from China. In 2012, China produced 92 kilotons of
molybdenum (equivalent to metal content), accounting for 40.2% of the global
molybdenum output, and consumed 85 kilotons, accounting for 37.8% of the
global molybdenum consumption. Due to the national protection on strategic
resources, molybdenum resources will be concentrated in large enterprises, and
the supply will be effectively controlled.
Global molybdenum producers are mainly concentrated in countries with rich
molybdenum reserves such as China, the United States and Chile. Global top 10
molybdenum producers account for 2/3 of the global output. Mineral resources
are controlled by major molybdenum companies, and the access to large-quantity
and high-quality molybdenum ore resources has become the biggest obstacle to
entering the industry.
In 2012, top 10 molybdenum producers accounted for 66.4% of the global output,
and the U.S. Freeport was the largest molybdenum producer with a share of 17%,
followed by Chile's Codelo and GMexico.
Chinese molybdenum production enterprises are mainly concentrated in the
regions with rich molybdenum reserves such as Henan, Shaanxi and Liaoning.
Jinduicheng Molybdenum and Luoyang Molybdenum, the owners of world-class
molybdenum mines Jinduicheng Molybdenum Mine and Luanchuan Molybdenum Mine
respectively, are in the forefront of the world, and ranked fourth and fifth
respectively in the world in terms of molybdenum output in 2012.
With six chapters and 89 charts, Global and China Molybdenum Industry Report,
2012-2015 makes an in-depth analysis of the development background, current
status and market pattern of molybdenum industry in China and worldwide, and
sheds light on the production, operation and development trend of global
molybdenum industry leaders such as FCX and GMexico as well as Chinese
enterprises including Jinduicheng Molybdenum and Luoyang Molybdenum.
STUDY GOAL AND OBJECTIVES
This report provides the industry executives with strategically significant
competitor information, analysis, insight and projection on the competitive
pattern and key companies in the industry, crucial to the development and
implementation of effective business, marketing and R&D programs.
To establish a comprehensive, factual, annually updated and cost-effective
information base on market size, competition patterns, market segments, goals
and strategies of the leading players in the market, reviews and forecasts.
To assist potential market entrants in evaluating prospective acquisition
and joint venture candidates.
To complement the organizations' internal competitor information gathering
efforts with strategic analysis, data interpretation and insight.
To suggest for concerned investors in line with the current development of
this industry as well as the development tendency.
To help company to succeed in a competitive market, and understand the
size and growth rate of any opportunity.
Both primary and secondary research methodologies were used in preparing this
study. Initially, a comprehensive and exhaustive search of the literature on
this industry was conducted. These sources included related books and
journals, trade literature, marketing literature, other product/promotional
literature, annual reports, security analyst reports, and other publications.
Subsequently, telephone interviews or email correspondence was conducted with
marketing executives etc. Other sources included related magazines, academics,
and consulting companies.
The primary information sources include Company Reports, and National Bureau
of Statistics of China etc.
Table of Contents
Table of Contents
1. Molybdenum Industry Overview
1.1. Basic Properties of Molybdenum
1.2. Classification of Molybdenum Products
1.3. Industry Chain
2. Development of Global Molybdenum Industry
2.1. Global Molybdenum Reserves and Distribution
2.3.1. Supply Structure
2.3.2. Major Molybdenum Producers
2.5. Competition Pattern of Corporations Worldwide
2.6. Summary and Prospect
3. Development of China Molybdenum Industry
3.1. Policy Adjustment
3.1.1. Entry Policy
3.1.2. Export Quota Policy
3.1.3. Export Duty Policy
3.2. Molybdenum Reserves and Distribution in China
3.4. Consumer Demand
3.5.1. Prices in China
3.6. Summary and Prospect
4. Import and Export of China Molybdenum Industry
4.1. Net Export Scale of Molybdenum Products
4.2. Import and Export of Main Molybdenum Products
4.2.1. Import and Export Structure of Molybdenum Products in China