Luoyang Molybdenum expects a significant increase in net profit for the first half of 2025, driven by rising commodity prices and strategic expansions.

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Luoyang Molybdenum Co., Ltd. (hereafter referred to as "Luoyang Molybdenum") has announced a significant expected increase in net profit for the first half of 2025, estimating a net profit attributable to shareholders of between 8.2 billion and 9.1 billion yuan. This represents a year-on-year growth of approximately 51.37% to 67.98%. After removing non-recurring gains, the estimated net profit ranges from 8.3 billion to 9.2 billion yuan, reflecting a growth of 47.55% to 63.55% over the same period.

The company attributes this substantial profit increase primarily to the rising prices of its main products, copper and cobalt, coupled with an increase in both production and sales volumes of copper products during the same period. According to Shen Meng, a partner at Shanghai Meigu Management Consulting, the company’s performance closely correlates with fluctuations in the prices of its major products, highlighting the need for vigilance regarding global economic trends that may affect commodity prices and the importance of developing stable countermeasures.

Industry Overview in China

The mining industry in China has shown significant growth recently, driven by rising demand for metals as the country continues to expand its infrastructure and manufacturing capabilities. The prices of essential commodities like copper and cobalt have