Analysis of Supply and Demand Situation of Molybdenum Resources at Home and Abroad

There are abundant molybdenum resources in the world. In recent years, the reserves of molybdenum resources have been increasing. Molybdenum is also a traditional dominant mineral in China, with abundant total resources, ranking first in the world. China's molybdenum industry started late, but developed rapidly. In the development of world's molybdenum mine, China's output accounts for 43% of the world's total output, which shows the obvious leading position. Global molybdenum consumption is mainly concentrated in China, Japan, the United States and Western European countries. In 2017, China's molybdenum consumption accounted for 36.4% of the world's total molybdenum consumption. Countries with rich molybdenum resources such as the United States, China, Chile, and Peru are all important molybdenum exporters. Developed countries such as Germany, the United Kingdom, Japan, and France are major importers of molybdenum resources. The price of molybdenum began to fall from 2011, and it began to rebound once it fell to the bottom in early 2016. After that, it was in a shock upward trend. In 2018, affected by the continuous rise in steel prices and the general rise in commodities, the price of molybdenum in the overall market showed an upward trend. It is expected that the supply and consumption of molybdenum resources in China will continue to decrease in the coming years, and the price will not increase substantially.