U.S. - Molybdenum Ore - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Molybdenum Ore Price Decreases to $19.6 per kg
U.S. Molybdenum Ore Export Price in December 2022
In December 2022, the molybdenum ore price stood at $19.6 per kg (FOB, US), which is down by -2.1% against the previous month. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in May 2022 an increase of 9.6% m-o-m. Over the period under review, the average export prices attained the maximum at $26.3 per kg in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Japan ($36.3 per kg), while the average price for exports to Vietnam ($13.2 per kg) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Molybdenum Ore Exports
In December 2022, shipments abroad of molybdenum ores increased by 13% to 4.9K tons, rising for the third consecutive month after three months of decline. In general, total exports indicated a moderate increase from January 2022 to December 2022: its volume increased at an average monthly rate of +3.5% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +76.1% against September 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 87% month-to-month. As a result, the exports attained the peak of 6.1K tons. From July 2022 to December 2022, the growth of the exports failed to regain momentum.
In value terms, molybdenum ore exports totaled $96M (IndexBox estimates) in December 2022. Overall, total exports indicated a slight increase from January 2022 to December 2022: its value increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +40.8% against September 2022 indices. The pace of growth appeared the most rapid in June 2022 when exports increased by 66% against the previous month. As a result, the exports attained the peak of $135M. From July 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
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U.S. Molybdenum Ore Exports by Country
The Netherlands (2.7K tons) was the main destination for molybdenum ore exports from the United States, accounting for a 56% share of total exports. Moreover, molybdenum ore exports to the Netherlands exceeded the volume sent to the second major destination, the UK (781 tons), threefold. The third position in this ranking was held by China (503 tons), with a 10% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume to the Netherlands amounted to +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+5.3% per month) and China (+92.3% per month).
In value terms, the Netherlands ($45M) remains the key foreign market for molybdenum ore exports from the United States, comprising 47% of total exports. The second position in the ranking was taken by the UK ($17M), with an 18% share of total exports. It was followed by Japan, with a 12% share.
From January 2022 to December 2022, the average monthly growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+3.7% per month) and Japan (+1.0% per month).
Key Factors That Impact the Price of Molybdenum
Molybdenum is a chemical element that is commonly used in the steel, chemical, and electrical industries.
The price of molybdenum can fluctuate due to various factors, including supply and demand, global economic trends, and geopolitical events. In recent years, the price of molybdenum has been relatively stable, with modest increases and decreases.
One factor that can impact the price of molybdenum is supply and demand. Molybdenum is primarily mined in countries such as China, Chile, and the United States, and its production is dependent on factors such as labor costs, mining regulations, and environmental concerns. If the demand for molybdenum increases, but the supply remains relatively unchanged, this can drive up prices.
Another factor that can impact molybdenum prices is global economic trends. Molybdenum is used in various industries, including steel production and construction, and its price can be influenced by global economic conditions. For example, if there is an economic downturn, demand for molybdenum may decrease, which can result in lower prices.
Geopolitical events can also impact molybdenum prices. For example, trade tensions between major economies can result in tariffs or other restrictions on the import and export of molybdenum, which can affect prices. Additionally, political instability in major molybdenum-producing countries can impact the global supply and price of molybdenum.
In conclusion, the price of molybdenum in the United States can vary due to supply and demand, global economic trends, and geopolitical events.
This report provides an in-depth analysis of the molybdenum ore market in the U.S.. 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.
Product coverage:
- Prodcom 07291925 -
- Prodcom 07291926 -
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
