According to SMM statistics, China's molybdenum concentrate production in July was approximately 16,400 mt, down 4.8% MoM.
There are three main reasons for the production decline in July: First, some molybdenum mines in Hebei were under strict safety controls and have not yet resumed normal production; second, some molybdenum mines in Shaanxi and Inner Mongolia entered maintenance or technical renovation stages, temporarily limiting output; finally, molybdenum mines in Henan occasionally experienced a sudden drop in grade, affecting production. These factors combined led to the decline in molybdenum concentrate production.
Looking ahead to August, the molybdenum mines affected by the above factors are expected to resume normal production, and other mines have fewer concentrated maintenance plans. SMM expects molybdenum concentrate production in August to see a slight increase.
