
Brazil - Molybdenum Ore - Market Analysis, Forecast, Size, Trends And Insights
Molybdenum Ore Price in Brazil Drops 6%, Averaging $14.8 per kg
Brazil Molybdenum Ore Import Price in August 2022
In August 2022, the molybdenum ore price stood at $14.8 per kg (CIF, Brazil), dropping by -5.9% against the previous month. Overall, the import price recorded a slight setback. The pace of growth appeared the most rapid in April 2022 an increase of 31% month-to-month. Over the period under review, average import prices attained the peak figure at $17.1 per kg in June 2022; however, from July 2022 to August 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($21.2 per kg), while the price for the United States ($1.5 per kg) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%), while the prices for the other major suppliers experienced a decline.
Brazil Molybdenum Ore Imports
In August 2022, supplies from abroad of molybdenum ores increased by 61% to 2.3K tons for the first time since April 2022, thus ending a three-month declining trend. Overall, total imports indicated buoyant growth from January 2022 to August 2022: its volume increased at an average monthly rate of +11.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +61.0% against July 2022 indices. The pace of growth appeared the most rapid in February 2022 with an increase of 100% m-o-m. Imports peaked at 2.4K tons in April 2022; however, from May 2022 to August 2022, imports remained at a lower figure.
In value terms, molybdenum ore imports skyrocketed to $35M (IndexBox estimates) in August 2022. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in April 2022 with an increase of 120% m-o-m. As a result, imports reached the peak of $38M. From May 2022 to August 2022, the growth of imports remained at a lower figure.
Brazil Molybdenum Ore Imports by Country
In August 2022, Chile (1.6K tons) constituted the largest molybdenum ore supplier to Brazil, with a 66% share of total imports. Moreover, molybdenum ore imports from Chile exceeded the figures recorded by the second-largest supplier, the Netherlands (545 tons), threefold.
From January 2022 to August 2022, the average monthly growth rate of volume from Chile amounted to +12.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (+10.0% per month) and the United States (+7.3% per month).
In value terms, Chile ($33M) constituted the largest supplier of molybdenum ore to Brazil, comprising 95% of total imports. The second position in the ranking was held by the Netherlands ($1.3M), with a 3.6% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Chile totaled +9.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (+8.8% per month) and the United States (+4.5% per month).
This report provides an in-depth analysis of the molybdenum ore market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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