The Chinese edition of molybdenum concentrate is expected to grow this year by more than 10% in the wake of growing demand from stainless steel producers, according to Jinduicheng Molybdenum Co (JDC), the largest Chinese company for the production of molybdenum.

Release concentrate with molybdenum content of 45%, is expected to rise this year to 185 thousand. Tons or more that at least 17 thous. Tons more than last year, said Yan Kanzhun, marketing manager for the JDC.

At the same time, it is projected that consumption will rise to 62 thousand. Tons of metal, according to Beijing Antaike Information Co., ie by 14.8% compared to last year. — Trading System Metallotorg