Is Luoyang Molybdenum State-owned?

Luoyang Molybdenum Industry is a private enterprise. Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. The predecessor of Luoyang Molybdenum Industry was founded in 1969. In 2004 and 20 14, two mixed ownership reforms were carried out. At present, Luoyang Molybdenum Industry is a privately-owned joint-stock company.

According to the query of the civil service examination network, the company belongs to the non-ferrous metal mining and dressing industry, mainly engaged in the mining and processing business of basic metals and rare metals and mineral products trade business. At present, the company's main business is distributed in Asia, Africa, South America, Oceania and five continents in Europe. It is a major producer of tungsten, cobalt, niobium and molybdenum in the world, and also an important producer of copper. It is also a major producer of phosphate fertilizer in Brazil, and its basic metal trading business ranks among the top three in the world. The company ranked 74th in the Fortune China 500 in 2022 and 20th in the top 40 global mining companies (market value) in 2022.