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.
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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.
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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.
Latest Report:
China Home Textile
Industry Report, 2012 - 2015: http://www.marketresearchreports.biz/analysis/166922
China home textile industry only has
a history of 10 years. From January to November of 2012, 1,831 Chinese home
textile enterprises with the annual sales revenue of over RMB20 million
achieved the total industrial output value of RMB226.4 billion, showing a
year-on-year increase of 14%. In 2012, China home textile industry had the
following features:
- The domestic market became an important factor for driving the growth of output and sales volume. In the first half of 2012, the domestic output value of the home textile enterprises with the annual sales revenue of over RMB20 million grew by 20.2% year on year. However, the export delivery value only increased by 1.3%. The domestic sales growth rate was much higher than the export growth rate.
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