en.Wedoany.com Reported - China Molybdenum and Tungsten producer China Molybdenum Co., Ltd. (CMOC, 603993.SH/03993.HK) has increased its molybdenum recovery rate from 90% to over 92% at its third beneficiation branch in China through sustained technical investment. This technological breakthrough is a key measure for CMOC to enhance competitiveness during the upward cycle of the molybdenum industry.
China Molybdenum Co., Ltd. is a large international mining company primarily engaged in mining production and mineral trade of basic and rare metals, including mining, beneficiation, and smelting. Headquartered in Luoyang, Henan Province, the company holds significant assets in China, the Democratic Republic of the Congo, Brazil, and Australia, and is one of the world's leading producers of molybdenum, tungsten, cobalt, and niobium. The China region is one of CMOC's core business segments, focusing on the mining, beneficiation, and smelting of molybdenum, tungsten, and other mineral resources.
Tan Xiaole, Deputy Manager of CMOC China's third beneficiation branch, stated in an interview with CCTV Finance's "Economic Information Broadcast" that the daily output of molybdenum concentrate at his branch ranges from 27 to 30 metric tons. The increase in molybdenum recovery rate from 90% to over 92% marks substantial progress in CMOC's beneficiation technology. The improved recovery rate means more molybdenum concentrate can be produced from the same amount of raw ore, helping to enhance resource utilization efficiency and boost corporate profits.
Meanwhile, Ren Linhai, Manager of CMOC China's smelting branch, analyzed the ferromolybdenum market, noting that ferromolybdenum prices are on an upward trend over the long term. In the first quarter of 2026, CMOC produced 3,184 tons of molybdenum, with molybdenum segment revenue reaching RMB 1.796 billion, a year-on-year increase of 33.11%, and a gross margin of 46.78%. It also produced 1,660 tons of tungsten, with tungsten segment revenue reaching RMB 1.958 billion, a year-on-year increase of 292.90%, and a gross margin of 70.93%. On July 10, CMOC issued a profit forecast, stating that "significantly higher molybdenum and tungsten prices" were key factors driving strong first-half performance.
In addition to CCTV Finance, multiple authoritative media outlets, including Henan Satellite TV and Cailianshe, have also reported on CMOC China's molybdenum and tungsten production operations from various perspectives. CMOC China's sustained investment in technology helps reduce production costs and improve comprehensive resource utilization, further consolidating its competitive advantage in the global molybdenum and tungsten market.
