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Molybdenum Market in 2010 will be balanced

Sojitz Corporation of Japan has published its forecast for molybdenum market as in 2010, according to which the supply and demand will be balanced as a whole.

Deviations are possible, but the output will return to the level of 2008, will amount to about 164 thousand. Tons and will be approximately equal to the volume of consumption.

As reported by Japan Metal, the global economic recovery will boost demand and supply as compared to 2009. However, demand may still be below the maximum level achieved in 2008, by about 10%.

The growth of demand for the metal in China has not yet lead to a considerably tense situation on the market. However, if a tendency to increase the consumption of molybdenum will remain in the country, in the future there is the risk of lack of supply to the market.

Anastasia radish, SOGRA

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