Insight
Molybdenum: wrecked by Covid-19 in 2020, bouncing back in 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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.
Table of contents
- Price crash in 2020
- Supply disruption
- Demand destruction
- Price outlook – potentially positive
Tables and charts
This report includes the following images and tables:
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Primary and by-co production of moly in concentratesMined moly production by country (moly in concentrates)Top 10 mine producers of moly in concentrates
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Global moly consumptionMoly consumption by country in 2020Moly supply-demand balance and near-term price outlook
What's included
This report contains:
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