SHANGHAI, Aug 15 (SMM) –
Based on partial statistics from SMM, China produced approximately 16,500 mt of molybdenum concentrate in July 2023, reflecting a month-on-month decrease of 1.2%. It has been noted that in July, due to the strong demand for molybdenum concentrate in downstream industries, most molybdenum mining companies maintained a high operational level, often operating at full capacity, thus ensuring overall output stability.
Currently, the available inventory of molybdenum concentrate in the market is somewhat low, and there is a significant demand for molybdenum concentrate among molybdenum smelting enterprises. This has led to a tight supply situation in the overall market. Consequently, SMM predicts that the production of molybdenum concentrate will likely stay consistent in August.
