China’s moly output to grow, stainless tipped to improve in H2

摘要

Chinese and global molybdenum marketswere expected to be balanced this year dueto stronger demand from stainless steelrelatedindustries, according to speakersat the China Moly Industrial Forum, held inChina’s Heilongjiang province in late May.Global demand was expected to grow5.9% year-on-year to 247,000 mt (100% Mocontent) on the back of a better economyand higher demand from the oil and gasindustry in the US and China, Jim Lennon,managing director of Red Door Research,believed.