Molybdenum Industry Annual Report 2024
2025-03-03 08:22:49 【Print】
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Contents
1. Definition, Type, Distribution, Application 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.4 Application 5
1.4.1 Alloy field 5
1.4.2 Chemical industry 5
1.4.3 Electronic and electrical field 6
1.4.4 Medical field 6
1.4.5 Animal husbandry 6
1.4.6 Agricultural field 6
2. Economy and Policy 6
2.1 China releases 2024 Catalogue of Goods Subject to Export License Administration 6
2.2 China vows to boost construction of basic mining infrastructure 6
2.3 China sees remarkable results in green transition for industrial sectors 6
2.4 Henan expects nonferrous industry to peak carbon emissions by 2030 7
2.5 China's Q1 foreign trade exceeds 10 trillion yuan for first time 7
2.6 China begins second batch of third round of central environmental inspections 7
2.7 Shanxi implements new regulations for mineral resources management 7
2.8 China unveils two-year plan for energy conservation and carbon reduction 7
2.9 China completes on-site work for latest round of central environmental inspections 7
2.10 Guizhou's latest round of mineral exploration achieves significant results 7
2.11 China further strengthens administrative safety licensing for non-coal mines 8
2.12 China's annual recycling of recyclable resources up by 1.5% YoY 8
2.13 China's H1 foreign trade again hits new high 8
2.14 China launches inspection of state-owned natural resources assets 8
2.15 Large molybdenum deposit discovered in Inner Mongolia 8
2.16 Exploration rights transfer in China up by 194.1% in Jan-Aug 8
2.17 China's foreign trade up 5.3% YoY in Q1-Q3 8
2.18 China's mineral exploration investment rises for third year in a row 8
2.19 China unearths more than 120 mineral deposits in 2023 8
2.20 China launches third batch of third round of central environmental inspections 9
2.21 China's strategic mineral exploration rights transfer up over 200% in Q1-Q3 9
2.22 Inner Mongolia achieves major progress in mineral exploration 9
2.23 China passes revised mineral resources law 9
2.24 China updates catalogue of encouraged industries in western region 9
2.25 China announces tariff changes for 2025 9
3.Market Movements 9
3.1 Domestic Market 9
3.1.1 Molybdenum concentrate 45%min EXW China 9
3.1.2 Molybdenum oxide 50% EXW China 10
3.1.3 Ferromolybdenum 60%min EXW China 11
3.1.4 Sodium molybdate 99%min EXW China 12
3.1.5 Ammonium tetramolybdate 56%min EXW China 13
3.1.6 Ammonium heptamolybdate 54%min EXW China 14
3.1.7 Molybdenum oxide 99.9%min EXW China 15
3.1.8 Molybdenum powder 99.95%min EXW China 16
3.1.9 Molybdenum bar 99.9%min EXW China 17
3.1.10 Molybdenum scrap-cutting 99.95%min EXW China 18
3.1.11 Molybdenum scrap-wire 99.95%min EXW China 19
3.1.12 Molybdenum oxide 57%min CIF China 20
3.2 International market 21
3.2.1 Molybdenum oxide 57%min in Indian ports 21
3.2.2 Ferromolybdenum 60%min delivered India 22
3.2.3 Molybdenum oxide 57%min in warehouse Rotterdam 23
3.2.4 Ferromolybdenum 65%min in warehouse Rotterdam 24
3.2.5 Molybdenum oxide 57%min in South Korean ports 25
3.2.6 Ferromolybdenum 60%min at South Korean ports 26
3.2.7 Ferromolybdenum 60%min in warehouse Russia 27
3.2.8 Ferromolybdenum 65%min in warehouse Pittsburgh 28
4. Company News 29
4.1 CMOC reports higher Cu-Co-Mo-W-Nb production in 2023 29
4.2 CMT to acquire 100% stake in Hunan Shizhuyuan 29
4.3 Xiamen Tungsten's annual thin tungsten wire sales up by 219% YoY 30
4.4 CMOC announces 2024 production guidance 30
4.5 MMG sees 8% increase in 2023 molybdenum production 30
4.6 Zijin Mining gets approval to expand production at Julong Copper 30
4.7 Western Mining reports higher annual production of refined copper, lead and zinc 30
4.8 Huaxia Jianlong sees increased Q1 ore concentrate production 30
4.9 CMOC sees higher Q1 sales of molybdenum, tungsten and niobium 30
4.10 Zijin Mining announces production guidance for next five years 30
4.11 CMT to acquire Hunan Shizhuyuan for RMB5.2 billion 31
4.12 Fuquan Dingsheng to increase molybdenum oxide production capacity 31
4.13 CMOC sells 65.1% interest in East Gobi molybdenum mine 31
4.14 MMG's H1 molybdenum production declines 31
4.15 Western Mining exceeds H1 concentrate production plan 31
4.16 CMOC's H1 molybdenum and tungsten output exceeds mid-term guidance 31
4.17 Zijin Mining to develop Juno copper mine in Tibet 31
4.18 CMOC's Q1-Q3 tungsten and niobium output exceeds expectations 31
4.19 Jiangxi Yunqi to build 7ktpa ternary precursor project 31
4.20 Guocheng Mining to tap into molybdenum resources through share acquisition 32
4.21 Taseko's Gibraltar copper-molybdenum mine output above guidance 32
4.22 Lundin Mining's copper-zinc-nickel-molybdenum output reaches 2023 guidance 32
4.23 Amerigo reports copper-molybdenum output at Minera Valle Central operation 32
4.24 Surge Copper completes acquisition of Berg copper-molybdenum property 32
4.25 Freeport-McMoRan expects higher copper-molybdenum sales in 2024 32
4.26 Seabridge Gold finds expanded copper-molybdenum resources at KSM project 32
4.27 Hot Chili reports increase in copper-molybdenum resource at Costa Fuego project 32
4.28 Taseko issues secured notes to support copper and molybdenum projects in US and Canada 32
4.29 Amerigo's Chilian MVC copper-molybdenum output exceeds guidance slightly 32
4.30 Thor post growth in Molyhil tungsten-molybdenum-copper deposit resources 33
4.31 Solaris closes financing for Warintza copper-molybdenum project development 33
4.32 Lundin Mining increases ownership in Caserones copper-molybdenum project 33
4.33 Amerigo's Q2 copper and molybdenum output in line with guidance 33
4.34 Taseko posts Q2 copper and molybdenum output at Gibraltar Mine 33
4.35 Freeport reports decline in Q2 copper and molybdenum production 33
4.36 Nexa Resources sells Peruvian Pukaqaqa copper-molybdenum project 33
4.37 Centerra completes feasibility study on US molybdenum operations 33
4.38 Northisle updates increased resources at North Island copper-molybdenum project 33
4.39 Newmont's Cadia operation awarded Copper Mark and Molybdenum Mark 33
5. Producers Statistics 33
5.1 Molybdenum concentrate 33
5.1.1 The producers number of molybdenum concentrate in 2024 34
5.1.2 The production capacity of molybdenum concentrate in 2024 34
5.1.3 The operating rate of molybdenum concentrate in 2024 34
5.1.4 The output of molybdenum concentrate in 2024 35
5.1.5 The inventory of molybdenum concentrate in 2024 35
5.2 Ferromolybdenum 35
5.2.1 The producers number of ferromolybdenum in 2024 35
5.2.2 The production capacity ferromolybdenum in 2024 36
5.2.3 The operating rate of ferromolybdenum in 2024 36
5.2.4 The output of ferromolybdenum in 2024 36
5.2.5 The inventory of ferromolybdenum in 2024 36
5.3 Sodium molybdate 37
5.3.1 The producers number of sodium molybdate in 2024 37
5.3.2 The production capacity of sodium molybdate in 2024 37
5.3.3 The operating rate of sodium molybdate in 2024 37
5.3.4 The output of sodium molybdate in 2024 38
5.3.5 The inventory of sodium molybdate in 2024 38
5.4 Ammonium molybdate 38
5.4.1 The producers number of ammonium molybdate in 2024 39
5.4.2 The production capacity of ammonium molybdate in 2024 39
5.4.3 The operating rate of ammonium molybdate in 2024 39
5.4.4 The output of ammonium molybdate in 2024 40
5.4.5 The inventory of ammonium molybdate in 2024 40
5.5 Molybdenum powder 40
5.5.1 The producers number of molybdenum powder in 2024 40
5.5.2 The production capacity of molybdenum powder in 2024 41
5.5.3 The operating rate of molybdenum powder in 2024 41
5.5.4 The output of molybdenum powder in 2024 41
5.5.5 The inventory of molybdenum powder in 2024 42
6. Customs Statistics 42
6.1 Chinese import volume of molybdenum concentrate in 2024 42
6.2 Chinese export volume of molybdenum concentrate in 2024 42
6.3 Chinese import volume of molybdenum oxide in 2024 43
6.4 Chinese export volume of molybdenum oxide in 2024 43
6.5 Chinese export volume of ammonium molybdenum in 2024 43
6.6 Chinese export volume of ferromolybdenum in 2024 43
6.7 Chinese import volume of ferromolybdenum in 2024 43
6.8 Chinese export volume of sodium molybdenum in 2024 44
6.9 Chinese export volume of molybdenum powder 99.5%min in 2024 44
6.10 Chinese export volume of wrought molybdenum in 2024 44
7. Supply and Demand Outlook 44
7.1 Molybdenum concentrate 44
7.2 Molybdenum oxide 45
7.3 Ferromolybdenum 45
7.4 Molybdenum powder 45
7.5 Molybdenum Chemical products 45
1. Definition, Type, Distribution, Application 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.4 Application 5
1.4.1 Alloy field 5
1.4.2 Chemical industry 5
1.4.3 Electronic and electrical field 6
1.4.4 Medical field 6
1.4.5 Animal husbandry 6
1.4.6 Agricultural field 6
2. Economy and Policy 6
2.1 China releases 2024 Catalogue of Goods Subject to Export License Administration 6
2.2 China vows to boost construction of basic mining infrastructure 6
2.3 China sees remarkable results in green transition for industrial sectors 6
2.4 Henan expects nonferrous industry to peak carbon emissions by 2030 7
2.5 China's Q1 foreign trade exceeds 10 trillion yuan for first time 7
2.6 China begins second batch of third round of central environmental inspections 7
2.7 Shanxi implements new regulations for mineral resources management 7
2.8 China unveils two-year plan for energy conservation and carbon reduction 7
2.9 China completes on-site work for latest round of central environmental inspections 7
2.10 Guizhou's latest round of mineral exploration achieves significant results 7
2.11 China further strengthens administrative safety licensing for non-coal mines 8
2.12 China's annual recycling of recyclable resources up by 1.5% YoY 8
2.13 China's H1 foreign trade again hits new high 8
2.14 China launches inspection of state-owned natural resources assets 8
2.15 Large molybdenum deposit discovered in Inner Mongolia 8
2.16 Exploration rights transfer in China up by 194.1% in Jan-Aug 8
2.17 China's foreign trade up 5.3% YoY in Q1-Q3 8
2.18 China's mineral exploration investment rises for third year in a row 8
2.19 China unearths more than 120 mineral deposits in 2023 8
2.20 China launches third batch of third round of central environmental inspections 9
2.21 China's strategic mineral exploration rights transfer up over 200% in Q1-Q3 9
2.22 Inner Mongolia achieves major progress in mineral exploration 9
2.23 China passes revised mineral resources law 9
2.24 China updates catalogue of encouraged industries in western region 9
2.25 China announces tariff changes for 2025 9
3.Market Movements 9
3.1 Domestic Market 9
3.1.1 Molybdenum concentrate 45%min EXW China 9
3.1.2 Molybdenum oxide 50% EXW China 10
3.1.3 Ferromolybdenum 60%min EXW China 11
3.1.4 Sodium molybdate 99%min EXW China 12
3.1.5 Ammonium tetramolybdate 56%min EXW China 13
3.1.6 Ammonium heptamolybdate 54%min EXW China 14
3.1.7 Molybdenum oxide 99.9%min EXW China 15
3.1.8 Molybdenum powder 99.95%min EXW China 16
3.1.9 Molybdenum bar 99.9%min EXW China 17
3.1.10 Molybdenum scrap-cutting 99.95%min EXW China 18
3.1.11 Molybdenum scrap-wire 99.95%min EXW China 19
3.1.12 Molybdenum oxide 57%min CIF China 20
3.2 International market 21
3.2.1 Molybdenum oxide 57%min in Indian ports 21
3.2.2 Ferromolybdenum 60%min delivered India 22
3.2.3 Molybdenum oxide 57%min in warehouse Rotterdam 23
3.2.4 Ferromolybdenum 65%min in warehouse Rotterdam 24
3.2.5 Molybdenum oxide 57%min in South Korean ports 25
3.2.6 Ferromolybdenum 60%min at South Korean ports 26
3.2.7 Ferromolybdenum 60%min in warehouse Russia 27
3.2.8 Ferromolybdenum 65%min in warehouse Pittsburgh 28
4. Company News 29
4.1 CMOC reports higher Cu-Co-Mo-W-Nb production in 2023 29
4.2 CMT to acquire 100% stake in Hunan Shizhuyuan 29
4.3 Xiamen Tungsten's annual thin tungsten wire sales up by 219% YoY 30
4.4 CMOC announces 2024 production guidance 30
4.5 MMG sees 8% increase in 2023 molybdenum production 30
4.6 Zijin Mining gets approval to expand production at Julong Copper 30
4.7 Western Mining reports higher annual production of refined copper, lead and zinc 30
4.8 Huaxia Jianlong sees increased Q1 ore concentrate production 30
4.9 CMOC sees higher Q1 sales of molybdenum, tungsten and niobium 30
4.10 Zijin Mining announces production guidance for next five years 30
4.11 CMT to acquire Hunan Shizhuyuan for RMB5.2 billion 31
4.12 Fuquan Dingsheng to increase molybdenum oxide production capacity 31
4.13 CMOC sells 65.1% interest in East Gobi molybdenum mine 31
4.14 MMG's H1 molybdenum production declines 31
4.15 Western Mining exceeds H1 concentrate production plan 31
4.16 CMOC's H1 molybdenum and tungsten output exceeds mid-term guidance 31
4.17 Zijin Mining to develop Juno copper mine in Tibet 31
4.18 CMOC's Q1-Q3 tungsten and niobium output exceeds expectations 31
4.19 Jiangxi Yunqi to build 7ktpa ternary precursor project 31
4.20 Guocheng Mining to tap into molybdenum resources through share acquisition 32
4.21 Taseko's Gibraltar copper-molybdenum mine output above guidance 32
4.22 Lundin Mining's copper-zinc-nickel-molybdenum output reaches 2023 guidance 32
4.23 Amerigo reports copper-molybdenum output at Minera Valle Central operation 32
4.24 Surge Copper completes acquisition of Berg copper-molybdenum property 32
4.25 Freeport-McMoRan expects higher copper-molybdenum sales in 2024 32
4.26 Seabridge Gold finds expanded copper-molybdenum resources at KSM project 32
4.27 Hot Chili reports increase in copper-molybdenum resource at Costa Fuego project 32
4.28 Taseko issues secured notes to support copper and molybdenum projects in US and Canada 32
4.29 Amerigo's Chilian MVC copper-molybdenum output exceeds guidance slightly 32
4.30 Thor post growth in Molyhil tungsten-molybdenum-copper deposit resources 33
4.31 Solaris closes financing for Warintza copper-molybdenum project development 33
4.32 Lundin Mining increases ownership in Caserones copper-molybdenum project 33
4.33 Amerigo's Q2 copper and molybdenum output in line with guidance 33
4.34 Taseko posts Q2 copper and molybdenum output at Gibraltar Mine 33
4.35 Freeport reports decline in Q2 copper and molybdenum production 33
4.36 Nexa Resources sells Peruvian Pukaqaqa copper-molybdenum project 33
4.37 Centerra completes feasibility study on US molybdenum operations 33
4.38 Northisle updates increased resources at North Island copper-molybdenum project 33
4.39 Newmont's Cadia operation awarded Copper Mark and Molybdenum Mark 33
5. Producers Statistics 33
5.1 Molybdenum concentrate 33
5.1.1 The producers number of molybdenum concentrate in 2024 34
5.1.2 The production capacity of molybdenum concentrate in 2024 34
5.1.3 The operating rate of molybdenum concentrate in 2024 34
5.1.4 The output of molybdenum concentrate in 2024 35
5.1.5 The inventory of molybdenum concentrate in 2024 35
5.2 Ferromolybdenum 35
5.2.1 The producers number of ferromolybdenum in 2024 35
5.2.2 The production capacity ferromolybdenum in 2024 36
5.2.3 The operating rate of ferromolybdenum in 2024 36
5.2.4 The output of ferromolybdenum in 2024 36
5.2.5 The inventory of ferromolybdenum in 2024 36
5.3 Sodium molybdate 37
5.3.1 The producers number of sodium molybdate in 2024 37
5.3.2 The production capacity of sodium molybdate in 2024 37
5.3.3 The operating rate of sodium molybdate in 2024 37
5.3.4 The output of sodium molybdate in 2024 38
5.3.5 The inventory of sodium molybdate in 2024 38
5.4 Ammonium molybdate 38
5.4.1 The producers number of ammonium molybdate in 2024 39
5.4.2 The production capacity of ammonium molybdate in 2024 39
5.4.3 The operating rate of ammonium molybdate in 2024 39
5.4.4 The output of ammonium molybdate in 2024 40
5.4.5 The inventory of ammonium molybdate in 2024 40
5.5 Molybdenum powder 40
5.5.1 The producers number of molybdenum powder in 2024 40
5.5.2 The production capacity of molybdenum powder in 2024 41
5.5.3 The operating rate of molybdenum powder in 2024 41
5.5.4 The output of molybdenum powder in 2024 41
5.5.5 The inventory of molybdenum powder in 2024 42
6. Customs Statistics 42
6.1 Chinese import volume of molybdenum concentrate in 2024 42
6.2 Chinese export volume of molybdenum concentrate in 2024 42
6.3 Chinese import volume of molybdenum oxide in 2024 43
6.4 Chinese export volume of molybdenum oxide in 2024 43
6.5 Chinese export volume of ammonium molybdenum in 2024 43
6.6 Chinese export volume of ferromolybdenum in 2024 43
6.7 Chinese import volume of ferromolybdenum in 2024 43
6.8 Chinese export volume of sodium molybdenum in 2024 44
6.9 Chinese export volume of molybdenum powder 99.5%min in 2024 44
6.10 Chinese export volume of wrought molybdenum in 2024 44
7. Supply and Demand Outlook 44
7.1 Molybdenum concentrate 44
7.2 Molybdenum oxide 45
7.3 Ferromolybdenum 45
7.4 Molybdenum powder 45
7.5 Molybdenum Chemical products 45
