JDC Resumes Operation after Accident
21/03/19 | Molybdenum
China Nonferrous Metals News 12th February 2019: Due to an accident at the wet-process acid plant of the Molybdenum Furnace Products Division of JDC Molybdenum Co. Ltd., the company suspended operations at its molybdenum furnace production lines. From 20th March, after repairing and upgrading the problematic production lines, the company…
Domestic Mo Prices Holds Firm
06/03/19 | Molybdenum
China Commodity Marketplace The domestic molybdenum market has gradually returned to normal after the Chinese New Year holiday, with price standing firm at high levels. Some transactions took place at Heilongjiang yesterday, with prices at RMB 1,780/MTU by cash and RMB 1,810/t by acceptance bills. Molybdenum concentrate prices are expected…
Net Profit of JDC Moly Spikes in 2018
19/01/19 | Molybdenum
Shanghai Nonferrous Metals News 15th January 2019: JDC (Jinduicheng Molybdenum Co. Ltd.) announced that the net profit attributed to the parent company in 2018 is expected to be between RMB 345 mln ~395 mln, up 222% or 268% on-year. The strong growth in net profit can be attributed to an…
JDC Moly Achieves 56% Annual Income Target
24/08/18 | Molybdenum
China Nonferrous Metals News During H1 2018, JDC Molybdenum (Jinduicheng Molybdenum Group) achieved 56% of its annual operational income target and 87% of its annual profit target for 2018, ahead of schedule. Read More
Domestic Mo Prices Rise Rapidly
26/07/18 | Molybdenum
China Commodity Marketplace Domestic molybdenum prices have been rising rapidly driven by tightening supply due to increasing mine maintenance. At present, quotations for standard grade molybdenum concentrates has surged to RMB 1,640~1,650/MTU and quotations for high-grade are RMB 1,660~1,670/MTU, which is likely to hit the RMB 1,700/MTU level soon. Rising…
Domestic Mo Concentrate Prices Drop Slightly
02/02/18 | Molybdenum
China Commodity Marketplace The domestic molybdenum market has seen few transactions recently, but some traders have reduced their quotations in a bid to make rapid sales and recoup cash before the Chinese New Year holiday. At present, molybdenum concentrates at standard grade are quoted at RMB 1,640~1,650/MTU and mainstream high-grade…
China Moly’s Profit Margins Increase Significantly
31/01/18 | Molybdenum
Shanghai Nonferrous Metals News 30th January 2018: China Moly announced that the company’s annual net profit attributed to shareholders of listed companies would increase by RMB 1.7 bln ~RMB 1.9 bln or up by 170% ~190% on year. The main reason for the growth is that the Company acquired…
