by Liz Nickels

In the same year, in spite of the high demand for molybdenum worldwide, prices for the product continued to decline during 2013 and reached lower levels than in 2009.

Currently, the world's total molybdenum reserves are estimated at around 14 million tonnes, and are primarily concentrated in China, the US and Chile. In 2013, the global primary molybdenum production volume posted 4.2% year on year growth and climbed to the 270,000 tonnes mark. Almost 93% of the global molybdenum production comes from China, North America and South America (mainly Chile).

Molybdenum: 2014 Market Review and Forecast by Merchant Research & Consulting was recently published by Market Publishers Ltd.