Chinese diversified minerals producer CMOC, also known as Luoyang Luanchuan Molybdenum, recorded a significant increase in tungsten and niobium production in the first half of the year compared to the same period last year.
The company produced 4,020 tons of metal equivalent tungsten between January and June, up from 3,813 tons a year earlier. This increase is attributed to a higher recycling rate of hard-to-process ores, according to the firm.
CMOC sold 3,994 tons of metal equivalent tungsten in the first half of the year, marking a 12% increase year-on-year.
In addition, the company produced 5,082 tons and sold 5,178 tons of metal equivalent ferro-niobium in the same period, representing year-on-year increases of 8% and 12%, respectively.
CMOC is the second-largest tungsten concentrate producer in China, following China Minmetals, and it also engages in the production and trading of molybdenum, copper, cobalt, and phosphate fertilizer.
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