On the morning of April 13th, with the good news that "the power distribution system, hydraulic oil station, valves, and diaphragm pumps are operating normally, the conveying pipeline is running stably, and all parameters are normal" coming in, the Lishu'ao Tailings Reservoir in the China region of China Molybdenum Co., Ltd. successfully completed the commissioning test with slurry. Under the witness of all the construction participants, the tailings were continuously injected into the reservoir area through an 8.6-kilometer conveying pipeline. This marks the official completion and commissioning of this key project with a total investment of 580 million yuan, providing a safe and environmentally friendly new destination for 5.47 million tons of tailings annually from the Sandaozhuang Plate.

Starting with a sprint and treating the beginning as a decisive battle, China Molybdenum Co., Ltd. (TFM) has embarked on the new journey of the Year of the Snake with high spirits. As of January 31, TFM's ore processing volume in January reached 103.46% of the plan, while copper and cobalt production achieved 104.20% and 123.80% of the plan, respectively, successfully marking a strong start to production in the first month of 2025.

[SMM China Molybdenum Market Daily on January 16]

[January 14 SMM China Molybdenum Market Daily]

[SMM China Molybdenum Market Daily on January 9]

On September 13, the Shanghai Stock Exchange held a special collective roadshow for the non-ferrous metals industry in 2024, with six participating companies including Zijin Mining Group, China Molybdenum Co., Ltd., Shandong Gold Mining Co., Ltd., Western Mining Co., Ltd., Chihong Zinc & Germanium Co., Ltd., and Gansu Jinhui Mining Co., Ltd. They introduced their business performance, business layout and planning, as well as the current status and trends of the industry in the first half of the year, and conducted online interactions with investors. In the first half of the year, the overseas revenue of non-ferrous metals companies listed on the Shanghai Stock Exchange totaled RMB 174.217 billion, up 39.36% year-on-year, accounting for 15.03% of total revenue, an increase of nearly 4 percentage points from the same period last year. During the special roadshow, relevant enterprises expressed their commitment to continuing to expand their overseas presence, actively seek high-quality mineral resources, enhance their resource security capabilities, and improve their production efficiency and competitiveness. At the same time, they will strengthen research and development of overseas markets, optimize product structures, and meet the demands of different markets.

At the end of June 2024, the eastern zone of the TFM mixed mine of China Molybdenum Co., Ltd. (CMOC) achieved the standard, marking that the company's two world-class projects in the Democratic Republic of the Congo (DRC) have been completed and have fully entered the production and operation stage.

The main product output of China Molybdenum Co., Ltd. (CMOC) increased in the first half of the year. Copper and cobalt production doubled, all from the Democratic Republic of the Congo (DRC), with copper production reaching 313,800 tons, up by about 101% year-on-year, and cobalt production reaching 54,000 tons, up by about 178% year-on-year.

Niobium, identified by its atomic number Nb, is a grey, ductile metal with significant applications across various industries due to its unique properties. Extracted mainly from the minerals pyrochlore and columbite, niobium is recognized for its high melting point and resistance to corrosion. These characteristics make it a valuable additive in metal alloys, particularly in the steel manufacturing industry.

The TFM mixed ore project is the largest single investment project of China in Congo (Kinshasa), with a total investment of USD 2.51 billion. The project includes a 5.6 million tons/year mixed ore production line in the eastern region, a 3.3 million tons/year oxide ore production line, and a 3.5 million tons/year mixed ore production line in the central region. The central region has taken the lead in achieving production and meeting standards in early August 2023. China Molybdenum Co., Ltd. (CMOC) plans to fully achieve the standards for TFM mixed ore in the first half of this year. After the eastern region reached production capacity in March this year, it is undergoing technological renovation and management improvement, and is fully transitioning to the operational phase.