What Is Involved in Molybdenum Mining?

Affected by the passing effect of the rise in nickel prices, the international molybdenum price has recently risen sharply. According to the information quoted by the British MB "Metal Herald" on May 9, 2014, ferromolybdenum with a specification of 65-70% Mo was reported at 16.0-17.0 USD / lb, compared with the previous quote date (May 7) at 15.5-16.0 USD / The pound has risen by more than 3%, which is about 30% higher than the price of $ 12.5-13.0 / lb quoted a month ago (April 9). In addition, the molybdenum oxide rose by more than 20% in a month. On June 13, 2014, it was reported that the spot price of molybdenum on the London Metal Exchange had been reported at $ 32,500 per ton in the previous trading day, setting a new high since February 2012. International molybdenum prices have continued to rise since April, rising 47.7% in two months and 6.55% in the past week. From a fundamental point of view, the sharp rise in international molybdenum prices is mainly related to the joint production restrictions of large enterprises. Stimulated by this news, the molybdenum-related stocks rose collectively. The news that China's graphene resources will be exhausted within 20 years has triggered a collective surge in graphite and graphene concept stocks. Under the background of the scarcity of graphite resources, related products that can replace graphite and graphene will also attract the attention of market funds. It is understood that as early as 2011, the Nanoelectronics and Structures (LANES) laboratory of the Federal Institute of Technology (EPFL) in Lausanne, Switzerland, used a single molecular layer material called molybdenum (MoS2) to make semiconductors, or used to make more Smaller, more energy-efficient electronic chips will have advantages over traditional silicon materials or graphene in the next generation of nanoelectronic devices. Stimulated by the benefits of alternative graphene, on June 18, 2014, molybdenum-related stocks rose and stopped. On July 17, 2014, China's National Materials Reserve Bureau convened the principals of major domestic molybdenum producers to meet today to discuss the collection and storage of molybdenum oxide. This will be the first acquisition of molybdenum oxide by China Reserve. Invited to attend the meeting in Beijing were Luoyang Molybdenum, Xinhualong, Jinmo Molybdenum, and Luanchuan Longyu Molybdenum. Stimulated by this news, today the molybdenum-related stocks rose sharply.

Molybdenum prices

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Affected by the passing effect of the rise in nickel prices, the international molybdenum price has recently risen sharply. According to the information quoted by the British MB "Metal Herald" on May 9, 2014, ferromolybdenum with a specification of 65-70% Mo was reported at 16.0-17.0 USD / lb, compared with the previous quote date (May 7) at 15.5-16.0 USD / The pound has risen by more than 3%, which is about 30% higher than the price of $ 12.5-13.0 / lb quoted a month ago (April 9). In addition, the molybdenum oxide rose by more than 20% in a month. On June 13, 2014, it was reported that the spot price of molybdenum on the London Metal Exchange had been reported at $ 32,500 per ton in the previous trading day, setting a new high since February 2012. International molybdenum prices have continued to rise since April, rising 47.7% in two months and 6.55% in the past week. From a fundamental point of view, the sharp rise in international molybdenum prices is mainly related to the joint production restrictions of large enterprises. Stimulated by this news, the molybdenum-related stocks rose collectively. The news that China's graphene resources will be exhausted within 20 years has triggered a collective surge in graphite and graphene concept stocks. Under the background of the scarcity of graphite resources, related products that can replace graphite and graphene will also attract the attention of market funds. It is understood that as early as 2011, the Nanoelectronics and Structures (LANES) laboratory of the Federal Institute of Technology (EPFL) in Lausanne, Switzerland used a single molecular layer material called molybdenum (MoS2) to make semiconductors, or used to make Smaller, more energy-efficient electronic chips will have advantages over traditional silicon materials or graphene in the next generation of nanoelectronic devices. Stimulated by the benefits of alternative graphene, on June 18, 2014, molybdenum-related stocks rose and stopped. On July 17, 2014, China's National Materials Reserve Bureau convened the principals of major domestic molybdenum producers to meet today to discuss the collection and storage of molybdenum oxide. This will be the first acquisition of molybdenum oxide by China Reserve. Invited to attend the meeting in Beijing were Luoyang Molybdenum, Xinhualong, Jinmo Molybdenum, and Luanchuan Longyu Molybdenum. Stimulated by this news, today the molybdenum-related stocks rose sharply.

LME molybdenum prices have increased by more than 40% year-to-date, compared with domestic molybdenum prices which have fallen. China s molybdenum production and demand are the world s first. About 75% of the downstream molybdenum is steel. Year-to-date, the growth rate of molybdenum production has fallen year-on-year. In addition, the current LME molybdenum inventory is only 108 tons, and it continues to decline. In the context of Indonesia s ban on mining, the booming investment market for nickel and nickel plates has set off. In this context, scarce metals such as molybdenum, rare earth, germanium, and tungsten will be infected.

The main demand for molybdenum is alloy raw materials for steel, and there are not many substitutes. Iron molybdenum generally contains 60% of molybdenum, which is the main consumption form of the domestic molybdenum market. About 75% of the world's molybdenum products are used in the steel industry in the form of molybdenum charge such as molybdenum oxide or ferromolybdenum. Year to date, the monthly growth rate of China's steel output has remained above 10%. As one of the measures to stimulate the domestic railway, the railway construction is in full swing in the northwest and southwest. Not only that, China's railway technology is also being exported. During the visit to Li Keqiang, Li Keqiang received a large East African railway order, and the domestic and international demand for molybdenum ore increased accordingly.

With the rise in nickel prices at home and abroad, the nickel plate stock price has risen sharply, and the molybdenum plate has also begun to respond to this wave of price increases. Many concept stocks have surged, such as Luoyang Molybdenum Industry and Tongling Nonferrous Metals. And we use the Bol system to observe the situation of their incremental funds. In fact, the asynchronous rise in molybdenum prices at home and abroad will always be observed in advance, and from the perspective of incremental funds, there are indeed some people who are planning ahead of time. Incremental capital of individual stocks has already taken a clear advantage, and then it is greatly increased under the stimulation of the concept of price increase.

Gold and Molybdenum: The company is the world's leading and Asia's largest molybdenum company. It is mainly engaged in the production, research and trading of molybdenum series products. Products are widely used in iron and steel smelting, petrochemical, machinery manufacturing, aerospace, electronic lighting, biomedicine and other fields. The company has a complete industrial chain of molybdenum mining, beneficiation, smelting, chemical and metal deep processing upstream and downstream integration; it has the largest open-air molybdenum mine, molybdenum dressing and smelting plant in Asia and advanced molybdenum chemical and molybdenum metal deep processing production lines.

Hongda Co., Ltd .: The company is mainly engaged in metallurgy, chemical industry and mining, and has an annual production capacity of 450,000 tons of phosphorous ammonia and 220,000 tons of electrozinc. The company invested 10.1 billion in the production of molybdenum and copper.

Non-ferrous metal smelting: The company is a mineral enterprise mainly engaged in the mining, selection and sales of metal mineral resources. The main business is the mining, smelting, and sales of molybdenum ore, associated sulfur, thorium, lead, and silver; research and development of new smelting technologies; and investment in mineral resources. The company has an annual output of 2006 tons of molybdenum concentrate.

Changzheng Electric: The company is a large national first-tier enterprise mainly engaged in the manufacture and sales of high and low voltage electrical components, relay protection, and complete electrical equipment. It owns a number of molybdenum and nickel ore companies and has 42,000 tons of molybdenum reserves.

Xiamen Tungsten Industry: The company is the largest domestic manufacturer and exporter of tungsten and molybdenum products. It is also a national key high-tech enterprise and the first batch of demonstration enterprises for the development of circular economy in Fujian Province. It currently has two mines, two tungsten smelting companies, and one hard metal company. Carbide alloy company, four tungsten and molybdenum wire companies, an international trading company and a real estate development company have created a complete industrial chain from tungsten mines to smelting and deep processing.

Jiangxi Copper: The company is the largest comprehensive copper production enterprise in China that integrates mining, beneficiation, smelting, trade, and technology. It has two of China's largest mined open-air copper mines, one of the largest copper smelters in China and the largest in China. It is one of the underground copper mines and the company owns 275,000 tons of molybdenum concentrate.

Zijin Mining: The company is a large mining group company mainly engaged in the exploration and development of gold and non-ferrous metal mineral resources, with 390,000 tons of molybdenum ore.

Tongling Nonferrous Metals: The company is a large-scale comprehensive copper production enterprise integrating mining, smelting, processing, and trading. It is the first share of the Chinese copper industry. The company owns about 800,000 tons of molybdenum ore.

Wanhao Wanjia: The reserves of molybdenum metal are 75,800 tons, and the molybdenum ore grade is high; After the reorganization, the company has transformed into a non-ferrous metal enterprise with rich mineral resources and has a large amount of molybdenum metal resources. The Ministry of Land and Resources is preparing to include molybdenum as a protective mining species, which is a major benefit for the company. Nonferrous metal resources are reborn. Tianbao Mining's equity reserves of molybdenum, gold, silver, iron and zinc were 75,800 tons, 7.39 tons, 2.53 tons, 37,114,500 tons and 287,200 tons respectively.

Yinge Investment: The area has more than 600,000 tons of molybdenum metal reserves and more than 700 million tons of ore. According to the existing design scale, it can be mined for more than 50 years. It is an extra-large molybdenum ore.

Xingye Mining: After the reorganization, Fulong Thermal Power will transform itself into a company with a variety of mining resources such as zinc, iron, lead, molybdenum, etc., and become a new force in the listed mining companies in Inner Mongolia. ^[1]

Most of the prices of molybdenum products rose on August 9, 2017. The price of first-grade molybdenum powder was 1.77-18.1 million yuan / ton, up by 40,000 yuan / ton. The offer price of the second-grade molybdenum powder was RMB 1.71-17.5 million / ton, up RMB 0.3 million / ton. Steelmaking molybdenum bar, wire drawing molybdenum bar and wrought molybdenum bar all increased by RMB 40,000 per ton. Recently, the prices of molybdenum concentrates and molybdenum chemicals have risen for several days. ^[2]