Luoyang Molybdenum Co., Ltd. has successfully acquired the Kisanfu copper-cobalt mine in the Democratic Republic of Congo to enhance its resource portfolio and capitalize on growing global demand for critical minerals.

Target Information

Luoyang Molybdenum Co., Ltd. (洛阳钼业) is a prominent global player in the mining industry, primarily engaged in the production of molybdenum, tungsten, copper, cobalt, niobium, and phosphate. The company is renowned for its commitment to sustainability and innovation within the sector.

Headquartered in China, Luoyang Molybdenum has established a robust operational presence in various countries, including the Democratic Republic of Congo and Brazil, enhancing its position in the global supply chain of critical minerals.

Industry Overview in China

The mining industry in China is a vital component of the nation's economy, contributing significantly to the GDP and

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Luoyang Molybdenum Co., Ltd.

invested in

Kisanfu Copper Cobalt Mine

in 2020

in a Other deal

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