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Global molybdenum production and usage rise in Q1 2025
01/07/2025
Figures released by the International Molybdenum Association (IMOA) show that global production of molybdenum rose by 1% to 165.4 million pounds (mlbs) in Q1 2025 compared to the previous quarter. However, this represented a 7% rise when compared to the same quarter of the previous year.
Global usage of molybdenum in Q1 2025 rose 6% to 170.6 mlbs compared to the previous quarter, a 4% rise when compared to the same quarter of the previous year.
China remained the largest producer of molybdenum at 76.7 mlbs- a 3% rise when compared to the previous quarter, but a 9% rise when compared to the same quarter of the previous year. South America remained the second largest producer of molybdenum at 42.6 mlbs – a 4% fall when compared to the previous quarter but a 2% rise when compared to the same quarter of the previous year. Production in North America rose 4% to 32.5 mlbs when compared to the previous quarter, a 15% rise when compared to the same quarter of the previous year. Production in Other Regions fell 3% to 13.6 mlbs when compared to the previous quarter, a 6% fall when compared to the same quarter of the previous year.
China remained the largest user of molybdenum at 84.9 mlbs -an 8% rise when compared to the previous quarter, but a 13% rise when compared to the same quarter of the previous year. Europe remained the second largest user of molybdenum at 28.7 mlbs - a fall of 1% when compared to the previous quarter or a 9% fall when compared to the same quarter of the previous year. Use in Other Regions rose 2% to 23 mlbs, although this represented a decrease of 5% when compared to the same quarter of the previous year. The USA saw the largest percentage increase in use, 18%, to 17.8 mlbs, an 8% rise when compared to the same quarter of the previous year. Use in Japan increased by 8% to 11.6 mlbs when compared to the previous quarter, a 7% increase when compared to the same quarter of the previous year. Use in CIS fell 3% to 4.7 mlbs when compared to the previous quarter, a 12% fall when compared to the same quarter of the previous year.
General information for media
- IMOA’s Annual Review offers more information on IMOA’s work and achievements
- IMOA is a non profit trade association, representing the majority of the molybdenum industry worldwide. It works to raise awareness about the unique properties of molybdenum, its beneficial effects on materials performance, its safety in use and its contribution to sustainable development.
- Molybdenum is added to alloy steels to improve strength, toughness, hardenability and weldability for numerous applications in the automotive, shipbuilding, construction, mining, chemical, oil & gas and energy generation industries. In stainless steels and superalloys, it improves corrosion resistance and high-temperature performance and finds uses in many industrial applications. It is also used in a variety of products from catalysts and lubricants to pigments and paint.
- IMOA has a strict antitrust compliance policy which delegates of all meetings are required to observe. All such meetings are observed by legal counsel.
- For more information please email the communications team at media@imoa.info.
- For up-to-date information please follow IMOA on LinkedIn.
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