SMM Analysis On China September Molybdenum Concentrate Production And October Forecast

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.