China's Molybdenum concentrate Output In September And Forecast For October

SHANGHAI, Oct 11 (SMM) –

According to SMM statistics, China's molybdenum concentrate output in September was some 17,500 mt, up 0.7% MoM. At this stage, high operating rate of molybdenum concentrate mines was felt from impact of strong demand from downstream molybdenum-containing steel products and big profits. In addition, domestic molybdenum mines, according to SMM survey, will have few plans of maintenance or production reduction in October. High molybdenum concentrate output is expected to remain this month.