China's molybdenum concentrate output in May was 17,500 mt

According to SMM statistics, China's molybdenum concentrate output in May was about 17,500 mt, up 1.75% MoM.

The stable output of molybdenum concentrate in May was mainly due to the following two factors: 1. The downstream demand in the domestic molybdenum market was strong, with increasing demand for molybdenum concentrate. The firm and rising molybdenum prices led to high production rates at molybdenum concentrate mining enterprises; 2. The implementation of expansion projects at molybdenum beneficiation plants also boosted molybdenum concentrate output. The monthly output of molybdenum concentrate in China, except for maintenance, has maintained a stable and increasing trend so far this year.

Entering June, there are few maintenance and production reduction plans at domestic molybdenum mines, and the output of molybdenum concentrate is expected to remain stable.