Molybdenum & Metal Ore Mining in the US - Industry Market Research Report

November 2020 •
55 pages •
Report ID: 243147 •
Format: PDF

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Mining deep: Growth in platinum and molybdenum prices will drive demand for related mining

Abstract

Molybdenum & Metal Ore Mining in the US
The Molybdenum and Metal Ore Mining industry has declined considerably over the five years to 2019. The industry’s volatile movement is largely guided by the fluctuating prices of industry metals. Many of the industry’s products are key inputs for steel manufacturers. Therefore, as demand and the price for steel and other downstream market products fluctuates, so does the industry’s financial performance. Despite recent struggles, the outlook for the industry over the next five years is positive. Average prices of molybdenum are expected to increase. Furthermore, prices of platinum and uranium are expected to stabilize as well, as demand for such metals will be supported by growing energy consumption in the case of uranium, and increasing industrial applications in the case of palladium and platinum.

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.

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