Chilean molybdenum ore reserves increased substantially

2013 年 5 月 9 Ministry of Commerce of Chile "Financial Times" on May 6 news, according to the Chilean National Copper Commission (Cochilco) data, the Chilean molybdenum mine in the world's total reserves the proportion of 12% from 2011 (1.1 million tons) increased to 21.9% in 2012 (2.3 million tons), mainly in Caserones, Relincho, Quebrada Blanca copper mine and other two and Sierra Gorda. China Nonferrous network. molybdenum plating is Chile's second largest export minerals, Chile's mineral exports in 2012 accounted for 2.8% of total. China Nonferrous network.
World molybdenum production in 2012 was 26.5 million tonnes, compared with 2011 decreased by 1.6%, mainly due to Rio Tinto (Rio Tinto) production fell 20 percent, the Chilean National Copper Corporation (Codeco) production fell 15.9%, Thompson Creek Company production fell 28.6 %. China Nonferrous network.
Cochilco forecasts, in 2013 the world molybdenum consumption will increase by 10%, there will be 600 tons surplus, the price will float between 10-13 U.S. dollars per pound; 2014 consumption will increase by 8.9%, and the gap will reach 1200 tons, the price will in the 11-14 dollar per pound to fluctuate. China Nonferrous network.
Molybdenum ore reserves of the world's largest country is China, accounting for 39.1% of total world reserves, followed by the United States, accounting for 24.5%. China Nonferrous network. Molybdenum is a byproduct of copper, mainly for the production of aerospace, automotive and chemical industries and construction with stainless steel