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| CMOC |
CMOC, also known as Luoyang Luanchuan Molybdenum, a prominent Chinese diversified minerals producer, has reported increased production of both tungsten and niobium in 2024 compared to the previous year. This positive performance underscores the company's strong operational capabilities and its position in the global metals market.
Increased Tungsten Production Driven by Higher Recycling Rate
CMOC's tungsten production reached 8,288 tonnes of metal equivalent in 2024, a 4% increase year-on-year. The company attributed this growth to a higher recycling rate for hard-processing ores, demonstrating its commitment to resource optimization and efficiency. As the second-largest tungsten concentrate producer in China, following China Minmetals, CMOC plays a vital role in the domestic and international tungsten supply chains.
Record-Breaking Ferro-Niobium Output
CMOC also achieved a record high in ferro-niobium production, with 10,024 tonnes of metal equivalent, a 5% increase compared to 2023. This achievement highlights the company's growing presence in the niobium market, a crucial metal used in various high-tech applications.
Diversified Portfolio
Beyond tungsten and niobium, CMOC's diversified portfolio includes the production and trading of molybdenum, copper, cobalt, and phosphate fertilizer. This broad range of products positions the company as a key player in the global minerals industry.
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