en.Wedoany.com Report on Mar 30th, Chinese mining company Luoyang Molybdenum released its 2025 annual performance report on March 27. The data shows that the company's annual operating revenue reached 206.684 billion yuan, exceeding 200 billion yuan for the second consecutive year; net profit reached 20.339 billion yuan, a year-on-year increase of 50.3%, setting a new record for the fifth consecutive year; operating net cash flow was 20.843 billion yuan, and total assets exceeded 200 billion yuan for the first time, increasing to 200.932 billion yuan. In the fourth quarter, the company's operating revenue and net profit were 61.198 billion yuan and 6.059 billion yuan respectively, with copper output nearing 200,000 tons, all setting new single-quarter highs.

During the reporting period, Luoyang Molybdenum's copper output reached 741,100 tons, a year-on-year increase of 13.99%, with sales volume at 730,200 tons, a year-on-year increase of 5.90%. Revenue from copper products was 55.096 billion yuan, a year-on-year increase of 31.63%, accounting for 27% of total operating revenue. Through debottlenecking measures at the TFM and KFM copper mines, the company consolidated its position among the world's top ten copper producers. Output of other products also exceeded expectations: niobium output was 10,348 tons, achieving 103% of the target; cobalt output was 117,500 tons, achieving 107%; molybdenum output was 13,906 tons, achieving 103%; and tungsten output was 7,114 tons, achieving 102%.

In 2025, the company's operating costs decreased by 11.56% year-on-year, demonstrating significant results in cost reduction and efficiency improvement. Global mining areas improved efficiency through innovation and technological optimization. For example, KFM's grinding efficiency increased by over 30%, and recovery rates at Brazil and Chinese mining areas reached record highs. The company established a "copper + gold" dual-pole structure, adding gold resources. It is projected that gold production capacity in South America will reach 20 tons by 2029. The Ecuador gold mine is planned to commence production in 2029, and the Brazil gold mine is expected to produce 6-8 tons of gold this year. To increase copper output, the KFM Phase II project is expected to commence operation in 2027, adding an annual capacity of 100,000 tons, and the construction of TFM Phase III is also accelerating.

Luoyang Molybdenum performed well in environmental, social, and governance aspects. The carbon emission intensity of its copper products is lower than that of 70% of global mining companies, and the utilization rates of renewable energy and water resource recycling increased to 38% and 89% respectively. In 2026, the company will deepen platform-based operations and refined management, enhance competitiveness with the global supply chain center as the core, and continue to drive business growth.