China Molybdenum Co.Ltd(603993) ( China Molybdenum Co.Ltd(603993) ) on the evening of March 16, the company announced the operation from January to February 2022. From January to February 2022, the company seized the favorable opportunity of the market and went all out to stabilize and increase production. The output of the company's main products copper, cobalt and niobium increased by 20%, 52% and 42% respectively year-on-year, and the output of molybdenum and tungsten decreased year-on-year. At the same time, benefiting from the year-on-year increase in the sales prices of all products, the company's main business indicators were better than expected and achieved a good start of the year.
China Molybdenum Co.Ltd(603993) said that the company positioned 2022 as the "construction year", which is the key stage for the company to achieve "upgrading". The company is accelerating the construction of two world-class mines in the Democratic Republic of Congo to maximize the value of resource utilization and lay a solid foundation for the company to achieve new leaps. The construction of TFM mixed ore development project is progressing smoothly and is expected to be put into operation as scheduled. In the future, after the project is completed, the annual output of cathode copper will be increased by about 200000 tons, and the annual output of cobalt will be increased by about 17000 tons.
