In terms of resources and reserves, luoyang molybdenum industry is the largest
molybdenum producer in China and ranked top four in the world. It has the largest reserves and production capacity of ferro molybdenum and molybdenum oxide in China and is also one of the largest
tungsten concentrate producers in China. The company has one of the world's largest primary molybdenum deposits and the second largest associated tungsten deposit, luanchuan sandaozhuang molybdenum and tungsten deposit and other rich and high-quality molybdenum and tungsten resources, and the reserves of molybdenum and tungsten rank first and third respectively in China. At present, molybdenum reserves are 1.89 million tons, ranking first in China. The company's sandaozhuang molybdenum and tungsten deposit has 407,200 tons of associated tungsten reserves, with an average grade of 0.12%.Luoyang molybdenum ranked second only to minmetals in terms of the amount of tungsten resources controlled by major domestic tungsten mining enterprises, with the accompanying scheelite resources of sandaozhuang.
In addition to resource reserves, the core competitive advantage of luoyang molybdenum industry is also reflected in its core technology covering the whole industrial chain, which provides a strong technical support for the company to reduce the mining cost, improve the mining efficiency, improve the resource recovery rate and the deep processing capacity of molybdenum and tungsten products. For example, the company has established an international leading digital platform for mining and dressing, which greatly improves the production efficiency of open pit mines, reduces the production costs of mining, dressing and smelting, and improves the quality of follow-up products.
