HP Impact: Future bright for molybdenum
Roskill recently released a market outlook on molybdenum. The company expects that molybdenum growth rates will exceed global GDP rates to 2016.Global demand for molybdenum bounced back from the impac..
Roskill recently released a market outlook on molybdenum. The company expects that molybdenum growth rates will exceed global GDP rates to 2016.
Global demand for molybdenum bounced back from the impact of the global economic downturn, growing by just over 11% in 2010 and a further 9% in 2011, according to the report. China now accounts for around 31% of global molybdenum demand and its growth rates continue to outpace those in other countries. While global demand for molybdenum is forecast to grow at an average of 4.6% per year to 2016, Chinese demand is forecast to increase by 7.5% per year. The principal engines of growth will be increased use of stainless and other steels containing mol
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