Over the five years to 2017, revenue for the Molybdenum and Metal Ore Mining industry has declined considerably, dragged down by double-digit drops in revenue in 2015 and 2016 due to sharply falling molybdenum prices. In recent years, copper miners started to produce molybdenum as a by-product of their copper operations, which led to global oversupply and a collapse in prices for the metal. Furthermore, demand for molybdenum collapsed as well, as downstream steel producers decreased purchases of the metal as steel prices crashed. Despite recent struggles, the outlook for the industry over the next five years is positive. Average prices of molybdenum are expected to increase, while the prices of platinum and uranium are expected to stabilize as well. Furthermore, over the five years to 2022, demand for such metals will be supported by growing energy consumption and industrial and automotive applications.
Companies in this industry mine molybdenum, platinum, palladium, beryllium, uranium and a range of other nonferrous metal-bearing ores (excluding gold, silver, copper, nickel, lead and zinc ores).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.