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Bureau of Mines / Minerals yearbook metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)
Kuklis, Andrew
Molybdenum, pp. 793-806
PDF (1.6 MB)
Page 793
1971 1972 United States: Concentrate: Production Shipments Value Consumption Imports for consumption Stocks, Dec. 31: Mine and plant Primary products: Production Shipments Consumption Stocks, Dec. 31: Producers World: Production 93,447 93,245 151,000 75,647 1 12,208 69,675 63,761 49,271 18,170 2 144,771 99,807 103,009 173,819 73,275 (1) 8,398 68,526 77,726 51,622 17,844 2159,470 111,352 110,381 190,077 76,101 25 9,715 75,383 76,095 45,337 25,904 181,429 109,592 97,882 164,917 66,399 854 29,077 67,016 66,654 40,950 31,048 170,840 112,138 102,197 170,530 62,560 385 45,243 64,841 75,538 45,558 28,898 175,256 ' Less than 1 unit. 2 Free World. 793Molybdenum By Andrew Kuklis' World molybdenum output rose 4.4 million pounds in 1972 and was 2% higher than in 1971. Molybdenum remained in oversupply because of an increase in new production capacity that resulted in a significant rise in stocks during 1972. To arrest the alarming growth of stocks, some mines shutdown, and others reduced molybdenum production. Yearend world mo lybdenum stocks were estimated to exceed the current annual consumption rate. Based upon known geological occurrences, production trends of the past decade, and current projects under development, the supply of molybdenum was expected to be adequate to meet increasing demand during the remaining years of the 20th century. Table 1.—Salient molybdenum statistics (Thousand pounds contained molybdenum and thousand dollars) 1968 1969 1970 Legislation and Government Programs.— The House Armed Services Committee approved a bill to dispose of molybdenum in the national stockpile. All the molybdenum in the stockpile was declared in excess of national emergency requirements because an adequate supply was available from domestic resources. However, because of Table 2.—US. Government molybdenum stockpile material inventories on December 81, 1972 (Thousand pounds contained molybdenum) National Type material (strategic) stockpile Molybdenum, disulfide 22,750 Molybdenum, ferro 7,501 Molybdic oxide 11,050 Total 41,301 other legislative matters, the House of Representatives did not take action on the bill. At yearend, molybdenum in the national stockpile totaled 46.8 million pounds, same as at yearend 1971. Approximately 5.5 million pounds of molybdenum was classed as sold but unshipped (table 3). 1 Mining engineer, Division of Ferrous Metals. Table 8.—US. Government molybdenum stockpile material, sold but unshipped on December 81, 1972 1 (Thousand pounds contained molybdenum) National Type material (strategic) stockpile Molybdenum, disulfide 5,467 Molybdic oxide 31 Total 5,498 1 Not included in table 2.
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