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Molybdenum oxide and European ferromolybdenum soared higher Thursday as sources said the market was being driven by extreme tightness for oxide powder. The Platts daily dealer molybdenum oxide assessment climbed to $13.70-14.20/lb on Thursday from $13.30-13.75/lb. The Platts daily European .
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Global production and use of molybdenum
Molybdenum production by region The production statistics in the graph above are based on reported figures and IMOA’s estimates. They represent new molybdenum from mine production only and do not include material recovered from spent catalysts.
Molybdenum Ore Reserves
A number of molybdenum-bearing minerals have been identified, but the only one of commercial significance is molybdenite (MoS 2) – a natural molybdenum sulfide. In ore bodies, molybdenite is generally present in quantities from 0.01-0.25% and is often associated with the sulfide minerals of other metals, notably copper.
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Mineral Commodity Summaries 2015USGS
Domestic Production and Use: In 2014, molybdenum, valued at about $1.8 billion (based on an average oxide price), was produced at 13 mines. Molybdenum ore was produced as a primary product at three mines—two in Colorado, and one in Idaho—whereas ten copper mines (six in Arizona, one each in Montana, Nevada, New Mexico, .
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Molybdenum oxide prices up as Chinese buyers return | S&P
Market participants in Asia said Chinese steel mills’ molybdenum procurement prices showed hints of strengthening and China’s RMB appreciation also made more sense for China to import oxide powder or moly concentrates for the production of ferromolybdenum.
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Molybdenum climbs further as sellers hold back units | S&P
Tight availability of molybdenum units continued to push molybdenum prices higher Thursday. . “There is not too much Korean material in the market and the Russians are doing well in consuming their own production,” one seller said. . The Platts daily dealer oxide assessment climbed to $8.10-$8.50/lb from $7.95-$8.25/lb while Platts daily .
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Selective Hostaflot F Collector Improves Copper
A large Chilean copper and molybdenum mine and smelting operation began extracting ore from a section of the mine high in pyrite. With iron-to-copper ratios above 2:1 in the ore, the copper concentrate grade dropped from 29-30% to 24-27% when using the standard xanthate collector, reducing production in the smelter and increasing gasses emitted by the smelting process.
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