China Molybdenum

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China Molybdenum
洛阳栾川钼业
Civilian-run enterprise
Industry Metal and Phosphate mining
Founded 1982
Headquarters Luanchuan, Luoyang, Henan, People's Republic of China
Area served
Worldwide
Key people
Chairman: Mr. Li Chaochun
Products Copper, Molybdenum, Tungsten, Cobalt, Niobium and Phosphate related products
Revenue Increase CN¥17.707 billion(2017Q3)
Increase CN¥3.446 billion(2017Q3)
Increase CN¥2.281 billion(2017Q3)
Parent China Molybdenum Group
Website China Molybdenum Company

China Molybdenum Company Limited (simplified Chinese: 中国钼业; traditional Chinese: 中國鉬業 or simplified Chinese: 洛阳栾川钼业; traditional Chinese: 洛陽欒川鉬業, SEHK3993, SSE: 603993) is the largest molybdenum producer in Mainland China and top 5 in the world listed in the Hong Kong Stock Exchange and Shanghai Stock Exchange. It is one of the largest tungsten producers in the world, and is the second largest Cobalt and Niobium Producer and the leading Copper producer worldwide. The headquarters of the company is at Luanchuan County, Luoyang City, Henan Province. The chairman is Mr. Li Chaochun (Chinese: 李朝春).

On 26 April 2007, China Molybdenum was listed in Hong Kong Stock Exchange. Its stock was closed at HK$10.28, which was 60% greater than HK$6.8, the IPO price. It was one of the stocks with the greatest surplus in stock price at the first trading day in 2007.

China Molybdenum joined the Hang Seng China Enterprise Index from 2007 to 2010. Among its holdings is the Tenke Fungurume Mine in the Democratic Republic of Congo. The mine holds copper, as well as cobalt for lithium-ion batteries.[1]

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