Molybdenum Supply of China

Because of its high strength, high melting point, corrosion resistance, wear-resistant research and other characteristics, molybdenum has always been used in steel, chemical, electrical, pharmaceutical and agricultural fields. For the average content of molybdenum in the crust is only 0.00011%, China is the world's most abundant molybdenum resources of the country. Lead the world's reserves, so that all countries marvel.

Pinch the world's "molybdenum lifeline" half of molybdenum enterprises from China

At present, the global reserves of molybdenum resources is about 11 million tons, while China's reserves of molybdenum reached 4.3 million tons, followed by the United States and Chile. Now the world's top 11 molybdenum enterprises control 72% of the supply, of which five companies are from China: Shaanxi Jinduicheng Molybdenum, Luoyang Molybdenum, China Railway Yichun Luming Mining, China Gold Manzhouli Hill Mining, Huaxia Jianlong Group Hebei Fengning Xinyuan Mining.

For a highly concentrated industry, this means that our country controls the lifeblood of the world molybdenum, so the development of molybdenum in our country is crucial. Luanchuan now has the largest reserves of molybdenum in Henan Province, accounting for 30.1% of the total reserves of molybdenum in the country, ranking second in the world for 2.06 million tons and second in Asia, followed by Shaanxi and Jilin. The reserves of molybdenum in the three provinces account for 56.5% of the national total %.

Increasingly sophisticated technology China's molybdenum mining a bright future

As China's molybdenum mining technology continues to improve, since 2017, China began to add about 25 molybdenum mining enterprises of medium size and above, is expected to add 19 molybdenum mines, production capacity will be expanded to 36,000 tons. Taking Jinduicheng Molybdenum Industry and Luoyang Molybdenum Industry as examples, both companies have the capability of molybdenum smelting and finishing in the whole industrial chain. At the same time, the mines produced by themselves do not sell to the outside world, and while ensuring sufficient energy reserves, they also continuously strengthen For its own molybdenum resources in China to make full preparation.

Yichun Luming Mine is the only mine in the domestic molybdenum concentrate trading market with a production of more than 10,000 tons. Because it controls 30% of the supply of molybdenum concentrate in the spot market, pricing has a benchmark effect on the market price. As of 2014, China's molybdenum mine identified resources have reached 27.26 million tons. In the next five years, China is expected to put into operation the Daxinganling fork junction in Heilongjiang Molybdenum Mine and Anhui Shapinggou Molybdenum Mine, when China's reserves of molybdenum resources will greatly increase, sit tight in the top spot for the international molybdenum energy.

At the same time, China's molybdenum overseas investment has also brought very rich benefits. As of the first half of 2017, overseas investment in Luoyang Molybdenum, which had invested 5.3 billion U.S. dollars, amounted to 9.75 billion yuan, accounting for 83.66% of the total revenue. Revenues in China amounted to RMB1.816 billion, accounting for 15.58% of revenue. According to the forecast of relevant agencies, operating revenue of Luoyang Molybdenum from 2017 to 2019 was RMB249,270,292 billion and net profit attributable to parent company was RMB2,841.554 billion. Compared with the export of rare earth resources, China has matured a lot, not just blind low-cost exports, but learn to use their own advantages to create higher value. I believe the future of China's mining industry will also be raised in international status.