MOLYBDENUM MARKET ANALYSIS
Key Development
Several key players in global molybdenum market are focused on developing organic and inorganic strategies such as merger and acquisition and capacity expansion in order to enhance their global presence. For instance,
In May 2016, China Molybdenum Co., Ltd., one of the leading player in global molybdenum market, made an agreement with Freeport-McMoRan Inc. (“Freeport”), a mining company, to acquire 100% of its interest in Freeport-McMoRan DRC Holdings Ltd., which holds Freeport’s indirect 56% interest in the Tenke Fungurume copper-cobalt mine (“Tenke”).
In September 2018, Antofagasta Minerals, the copper mining group, started the molybdenum plant at its Centinela Mine in Chile, with increasing the production up to 2,000 tonnes in 2019.
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