Name: Molybdenum: wrecked by Covid-19 in 2020, bouncing back in 2021
Brand: Wood Mackenzie
SKU: 131913
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Author: Wood Mackenzie

Insight 19 August 2020

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Weakening demand forced molybdenum oxide prices down from their US$12/lb plateau in the second half of 2019. Despite recovering moderately in early 2020, demand destruction at the hands of Covid-19 then sent them to their lowest level since 2017. As the world slips further into recession, the risks are very much on the downside. However, project deferrals and changes in mine plan at some key operations signals that tighter supply in 2021 could allow prices to rally.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Price crash in 2020
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<li class="list__item-toggle font-semibold">
        Supply disruption
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<li class="list__item-toggle font-semibold">
        Demand destruction
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<li class="list__item-toggle font-semibold">
        Price outlook – potentially positive
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<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Primary and by-co production of moly in concentrates</li><li class="list__item push-quarter--bottom">Mined moly production by country (moly in concentrates)</li><li class="list__item push-quarter--bottom">Top 10 mine producers of moly in concentrates</li>
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            <li class="list__item push-quarter--bottom">Global moly consumption</li><li class="list__item push-quarter--bottom">Moly consumption by country in 2020</li><li class="list__item push-quarter--bottom">Moly supply-demand balance and near-term price outlook</li>
        </ul>
        
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<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Molybdenum__wrecked_by_Covid-19_in_2020,_bouncing_back_in_2021.pdf</p>
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