Luoyang Luanchuan Molybdenum Group Co., Ltd., referred to as Moluo Group for short, is an overseas listed company focusing on the mining, smelting and deep processing of molybdenum and tungsten, integrating scientific research, production and trade. The stock code is 3993, and the company's market value ranks among the top 30 in the world mining industry. It is a foreign-funded enterprise.
The project funds raised are mainly used to expand the smelting and deep processing capacity of the tungsten industry chain and strengthen the molybdenum chemical production capacity of the molybdenum industry chain. Among them, 90% of the raised funds will be invested in the tungsten industry chain, and the company's intention to build a giant in the tungsten industry chain is very obvious. After the fundraising project is put into production, the company can achieve an annual output of 654.38+0 million tons of ammonium paratungstate, 5,000 tons of high-performance cemented carbide, 65,438+0,600 tons of high-performance metallic tungsten and tungsten alloy materials in the tungsten business, and realize the goal of expanding smelting and deep processing into the tungsten industry chain; In terms of molybdenum business, the annual production capacity of ammonium molybdate will be increased to 654.38+million tons, which is mainly used in the fields of molybdenum metal preparation and petroleum catalysts.