China Molybdenum Concentrate Output Increased in February, Forecast for March

SHANGHAI, Mar 9 (SMM) – In February 2023, China’s molybdenum concentrate output was 16,000 mt, a rise of 4% MoM.

Due to the weakening impact from maintenance and shutdown during the CNY holiday, the mines in south China and private mines started to resume production in February, which has brought about a small increase in the output of molybdenum concentrate. Some mines that resumed production late have not reached full production due to fewer calendar days in February, and there is still room for a certain increase in output.

In March, the price of molybdenum concentrates in the market remains at a high level, so the production enthusiasm of mines is generally strong. Absent external factors such as environmental protection, it is expected that molybdenum mining enterprises will run at full capacity in March, growing output of molybdenum concentrate.