- Business
- Jinduicheng Molybdenum Co., Ltd. engages primarily in the mining, smelting, processing, and distribution of molybdenum products. The company's core products include molybdenum furnace charge materials such as molybdenum concentrate and iron; roasted molybdenum concentrate and concentrate blocks; molybdenum metal products including molybdenum powder, thin plates, stirrers, components, electrodes, rods, plasma spherical molybdenum powder, spherical molybdenum powder, rotary molybdenum targets, welded molybdenum round targets, and moly stands. Additionally, it produces molybdenum chemicals comprising pure molybdenum oxide, ammonium heptamolybdate, ammonium octamolybdate, sodium molybdate for reagent grade, and molybdenum disulfide. The company also trades in related products such as lead, zinc, magnesium alloy profiles, ferrosilicon, sulfuric acid, sulfur concentrate, and copper concentrate. Its products serve various industries, including steel milling, petrochemical, mechanical manufacturing, aerospace, electronics, and lighting. Jinduicheng operates globally and is recognized as a key supplier in the global molybdenum industry. Founded in 2007, the company is headquartered in Shaanxi Province, China.
Recent strategic shifts include a focus on extending, supplementing, and strengthening the industrial chain to improve quality, efficiency, and volume. The company has intensified market expansion and marketing efforts and enhanced internal operational efficiency while controlling costs. In 2024, Jinduicheng reported a 17.55% year-on-year increase in operating revenue to approximately 13.55 billion yuan, though net profit attributable to shareholders showed a slight decline of around 3%. Despite a decline in international and domestic molybdenum prices, the company has continued to develop a diversified product matrix, maximizing overall profitability. Recent changes reflect an emphasis on research and development innovation alongside global trade expansion within its four-in-one industrial model that integrates resource development, deep processing, R&D, and trade.
Jinduicheng Molybdenum Co., Ltd. holds significant industry recognitions such as China’s Molybdenum Industry Capital, National Accredited Enterprise Technology Center status, and several provincial and national honors for its technology and resource management capabilities. The company is publicly listed on the Shanghai Stock Exchange under ticker 601958.SS.