Before the international financial crisis of 2007-2008, a ton of molybdenum sold for as high as US100, 000 on the London Metal Exchange.Today the precious metal, one of the top exports of Armenia, goes for $17,500. Such instability over the years, and the downward trend in world prices, has a direct impact on Armenia’s economy.The three largest producers of molybdenum – China, the US and Chile – affect world market tungsten carbide sheet prices in a variety of ways.China also consumes 30% of the molybdenum produced annually, mostly for steel production.Many analysts say that due to the opening of new mines in recent years in China, the US, and Chile, supply has outstripped demand and molybdenum prices have dropped as a result.According to the latest stats issued by the International Molybdenum Association (IMOA), 539.2 million pounds (244,577 tons) of molybdenum were produced in 2013 and 522.5 million pounds (237,000 tons) consumed.Some related institutions posits that the fall in molybdenum prices this year from a first quarter average of $18,900 per ton is due to a fall in demand and sluggish growth rates internationally. There’s also a theory that China is intentionally pulling back on its economic growth reins.Due to a slight rise in molybdenum prices from May-June of 2014, Armenian exports of ferro-molybdenum (an important iron-molybdenum alloy containing 60-70% molybedum) appreciated in value compared to 2013. In 2014, Armenia exported 6,500 tons at a value of 45,614 billion AMD (US$94.7 million). In 2013 it exported 6,650 tons at a slightly less value of 41.936 billion AMD ($87.1 million).All of the ferro-molybdenum produced in Armenia in 2014 (6,500 tons) was exported. Exports reached a high in 2013 (6,650 tons) and a low in 2010 (5,250 tons).The biggest importers of Armenia’s ferro-molybdenum are Holland and Germany. Last year Holland imported 3,660 tons and Germany, 2,840 tons.Armenia has not exported raw molybdenum since 2005. The ore is totally reprocessed into ferro-molybdenum at the Makour Yerkat and Armenian Molybdenum Production plants in Armenia.Despite the fall in prices, molybdenum remains an important component of Armenia’s economy. In 2014 Makour Yerkat paid 2.271 billion AMD ($4.7 million) in taxes, and Armenian Molybdenum Production paid 906 million AMD ($1.9 million).According to various sources Armenia holds 5-9% of the world’s known molybdenum reserves.The extent to which falling molybdenum prices will impact Armenian export values remains unclear, but predictions aren’t positive.We will have to wait until Armenia’s Customs Service publishes its next quarterly report.http://www.blogster.com/branthamil/carbide-cutting-tool-has-been-widely-used-in-many-fields-of-heavy-industry

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Molybdenum market quotation in China: molybdenum concentrate price is about 1,740.00 yuan/ton, ferro molybdenum price is 118,000 yuan/ton and moly oxide price is 1,840.00 yuan/ton.

Under the situation that the international molybdenum price is adjusted sideways and the new round of tendering activities for steel mills has not yet begun, molybdenum chemical companies are relatively weak in raising prices, and supported by production costs, the willingness to sell at lower prices is also low. Therefore, new orders are limited. Insiders Tungsten Carbide Round Rod expressed that the market may continue to be in a stalemate in the short term.

In the news: In late February, the social inventory of five major steel products in 20 cities was 16.95 million tons, an increase of 2.16 million tons (14.6%) from the previous month; an increase of 7.22 million tons (74.2%) from the end of January; an increase of 9.65 million tons (132.2%) from the beginning of the year; a decrease of 2.1 million tons (11.0%) from the same period last year.

Prices of molybdenum products on March 4, 2021

Picture of ferro molybdenum

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"At present, China's nonferrous metals face large dependence on foreign status quo of China's urgent Taper Button Bit need to protect internal resources recycling non-ferrous industrial system uptime , recycled metal industry development is the formation of a complete industrial system of colored only way . Therefore , non-ferrous metal industry is the most typical regeneration of strategic new industries. Deputy Director of the General Office , " the Ministry of Industry and Information Technology Energy Saving and Comprehensive Utilization Department WANG Xiao Yang said recently .

Industrial importance has become increasingly prominent

Regeneration of non-ferrous metal industry after nearly 10 years of sustained development, mainly non-ferrous metal production exceeded 10 million tons of renewable , has close to 1/ 3 of the native non-ferrous metals production, more than 400 billion yuan of industrial output value , industrial scale largest in the world .

Currently, renewable non-ferrous metal industry has become China's mineral resources to alleviate the shortage of supply of conflicts, promoting non-ferrous industry, energy conservation, development of national economy important measures. For example , recycled copper , aluminum , lead, zinc , respectively, overall energy consumption is only 18% of primary metals , 45%, 27% and 38% ; production per tonne of ore resources can save a corresponding amount of 380 tons , 20 tons, 128 tons , 52 ton and 1054 kg of standard coal , 3,443 kg , 659 kg , 950 kg .

According to statistics, in the first three quarters of 2013 , China's renewable and non-ferrous metal industry production compared to the same amount of primary metals , energy saving 16 million tons of standard coal, 1.1 billion cubic meters of water conservation , saving 50 billion kwh of electricity , reduce solid waste discharge 900 million cubic meters , reduce carbon dioxide emissions 56 million tons , saving natural resources one billion tons .

2020 , China's renewable industry will continue to grow non-ferrous metals , the product will be more than 20 million tons of total industrial output value will be close to 1 trillion yuan .

Enterprises to enter the era of meager profit

2013 , China's non-ferrous metal industry overcome the economic regeneration of the downward pressure on domestic and international influence , overall remain basically stable operation. On this basis , the State Department has issued a number of policies and regulations related to recycling economy and recycled metals , China's nonferrous metals industry regeneration policy environment has been further optimized to enable enterprises to accelerate the pace of technological innovation for industrial and technological progress and industrial upgrading provides a powerful thrust.

Nevertheless, the 2013 Renewable nonferrous metal products production has declined slightly , a marked decline in economic efficiency of enterprises , reducing new investment , import and export trade growth down , the domestic market is still significantly lower than the non-ferrous metal prices the same period in 2012 , has been seriously affect the development of non-ferrous metal industry throughout regeneration .

In terms of product yield , the first three quarters of 2013 renewable non-ferrous metals ( copper , aluminum, lead , zinc ) production was 7.22 million tons , down 5.1%. Which recycled copper production of about 1.8 million tons , down 12.2% ; recycled aluminum production is about 3.5 million tons , down 3 percent ; recycled lead acid batteries due to the elimination of short- cycle reasons , the demand is growing, production of about 110 tons, an increase of 4. Rock Drilling Tool 8% ; renewable zinc production of about 82http://philipryan.mee.nu/explore_the_best_parking_services_that_are_offered_by_a_vehicle_storage_company

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