The U.S. Ranked First Globally in Exports of Molybdenum Ores and Concentrates in 2014

Uranium And Thorium Ores August 17, 2015
Author: Alexander Romanenko
Chief Executive Officer

The U.S. dominates in the global molybdenum ore and concentrate trade. In 2014, the U.S. exported 61,134 tonnes of molybdenum ores and concentrates totaling 1,255 million USD, 20% over the previous year. Its primary trading partner was the Netherlands, where it supplied 27% of its total molybdenum ore and concentrate exports in value terms, accounting for 99% of the Netherlands's total imports.

From 2007 to 2014, the U.S. was a net exporter of molybdenum ores and concentrates. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Chile and Mexico were among the other main global suppliers of molybdenum ores and concentrates in 2014. However, the only growing exporter from 2007 to 2014 was Italy (+34% per year). The remaining global suppliers illustrated negative dynamics.

The U.S.'s top 5 trading partners in 2014 were the Netherlands, the United Kingdom, Belgium, Mexico and Japan, with a combined 87% share of the U.S.'s molybdenum ore and concentrate exports. The share of Mexico increased significantly (+12 percentage points), while the share of the Netherlands illustrated negative dynamics (-7 percentage points).

Source: World: Molybdenum Ores And Concentrates - Market Report. Analysis and Forecast to 2020