SMM Analysis On China September Molybdenum Concentrate Production And October Forecast

Published: Oct 15, 2024 14:02

Source: SMM

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According to SMM statistics, China's molybdenum concentrate production in September increased by about 4% MoM.

According to SMM statistics, China's molybdenum concentrate production in September increased by about 4% MoM. Entering September, the main reason was the continued strong demand in the domestic molybdenum market, prompting mining companies to actively boost production and maintain high operational loads. Additionally, the impact of environmental protection-related controls on molybdenum mines in Hebei weakened, gradually returning to normal production, leading to a slight increase in domestic molybdenum concentrate production.

Looking ahead to October, molybdenum market demand is expected to remain robust, with few mines planning maintenance. It is expected that domestic molybdenum concentrate production will continue to remain at a high level in October.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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