SMM Data: China’s Molybdenum Concentrates Output In August And Forecast For September

SHANGHAI, Sep 12 (SMM) – According to incomplete statistics from SMM, the production of molybdenum concentrates in China was approximately 17,400 mt in August 2023, showing a 4.4% increase MoM.

It is understood that molybdenum terminal consumption demand was strong in August, and molybdenum concentrate prices showed a slight upward trend under the effective promotion of demand. This stimulated the production enthusiasm of molybdenum mining companies, which generally maintained a high output rate. Furthermore, some small and medium-sized molybdenum mines that had undergone inspection and maintenance also resumed normal production. Therefore, the overall output of molybdenum concentrates increased steadily in August.

Entering September, there are no signals of production reduction or maintenance from mainstream molybdenum mines in the market. It is expected that the production of molybdenum concentrates will remain stable this month.