Luoyang Yulu Mining suspends operations amid supply dispute
2026-07-02 14:56:57 [Print]
Luoyang Yulu Mining Co., Ltd., a majority-controlled subsidiary of Xiamen Tungsten Co., Ltd. (60% stake), effectively ceased production.
Established in 2002, the joint venture was formed with Xiamen Tungsten contributing cash for its 60% interest, while CMOC Group Limited (formerly China Molybdenum Co., Ltd.) injected assets including tungsten-bearing tailings from its molybdenum processing operations, tailings pond usage rights, and other tangible and intangible assets, valued through assessment, for the remaining 40%. The company's core business involves recovering scheelite (WO3) from post-molybdenum tailings supplied by CMOC's No. 2 Concentrating Plant.
According to Xiamen Tungsten, the suspension was triggered directly by CMOC's decision to halt the critical tailings supply. CMOC has stated that the move stems from national regulatory compliance requirements concerning tungsten mining, and that the shareholders have yet to reach an agreement on a resolution. The company emphasized that the measure is being taken to ensure operational compliance with current regulations.
Luoyang Yulu's scheelite (WO3 metal content) production and sales volumes reached 1,924t and 1,614t respectively in 2025. In the first half of 2026, production and sales volumes stood at 685t and 669t respectively.
Established in 2002, the joint venture was formed with Xiamen Tungsten contributing cash for its 60% interest, while CMOC Group Limited (formerly China Molybdenum Co., Ltd.) injected assets including tungsten-bearing tailings from its molybdenum processing operations, tailings pond usage rights, and other tangible and intangible assets, valued through assessment, for the remaining 40%. The company's core business involves recovering scheelite (WO3) from post-molybdenum tailings supplied by CMOC's No. 2 Concentrating Plant.
According to Xiamen Tungsten, the suspension was triggered directly by CMOC's decision to halt the critical tailings supply. CMOC has stated that the move stems from national regulatory compliance requirements concerning tungsten mining, and that the shareholders have yet to reach an agreement on a resolution. The company emphasized that the measure is being taken to ensure operational compliance with current regulations.
Luoyang Yulu's scheelite (WO3 metal content) production and sales volumes reached 1,924t and 1,614t respectively in 2025. In the first half of 2026, production and sales volumes stood at 685t and 669t respectively.
Tungsten Ore WO3 55%min EXW China
Unit:RMB/mt 65-basis
China tungsten concentrate producers' sales volume statistics by province by month
Unit: mt
