IPO研究 | 预计2026年全球钼金属需求量为31.7万吨，对应缺口4.43万吨

Core Viewpoint - Luoyang Shenglong Mining Group Co., Ltd. has received acceptance for its main board IPO, positioning itself as a leading domestic molybdenum company focused on the comprehensive development and utilization of non-ferrous metal mineral resources [1] Company Overview - Shenglong Co. primarily engages in the production, processing, and sales of molybdenum-related products, with its main products being molybdenum concentrate and molybdenum iron [1] - Molybdenum is a globally scarce strategic mineral, with a crustal weight content of only 0.001%, and is essential in various industries including steel, petrochemicals, construction, automotive, marine engineering, pharmaceuticals, and agriculture [1] Global Molybdenum Production - According to the International Molybdenum Association (IMOA), global molybdenum metal production is expected to remain between 262,100 tons and 290,200 tons from 2020 to 2024 [1] - In 2024, global molybdenum production is projected to be approximately 260,000 tons, with China, Peru, Chile, the United States, and Mexico accounting for about 90.67% of the total production [3] - China is the largest producer, with an estimated production of 110,000 tons in 2024, representing 42% of global output [3] Global Molybdenum Consumption - The global molybdenum consumption is expected to reach 294,100 tons in 2024, maintaining a range of 247,600 tons to 294,100 tons from 2020 to 2024 [5][6] - China has consistently been the largest consumer of molybdenum, with its consumption share projected to increase from 43% in 2020 to 47% in 2024 [6] Industry Demand Trends - The steel industry is undergoing a transformation towards high-end products, and the increasing demand from traditional industries such as petrochemicals and marine transport, along with the rapid development of strategic emerging industries like wind power and electric vehicles, is expected to drive continuous growth in molybdenum demand [7] - Forecasts indicate that global molybdenum demand will reach 307,100 tons and 317,000 tons in 2025 and 2026, respectively, leading to a supply gap of 36,400 tons and 44,300 tons [7]