On July 5, 2023, Luanchuan Molybdenum Mine sold 750 tons of molybdenum concentrate in ten fields, including five fields of 60 tons each and another field of 90 tons each, all at a base price of RMB3,830 per tonne degree (spot rate with tax), with eight fields of 50% molybdenum content and two fields of 45% molybdenum content in the product. The results of this molybdenum concentrate tender were unveiled: 45% and above molybdenum concentrate was sold at RMB3,900-3,905 per standard tonne; 50% and above molybdenum concentrate was sold at RMB3,915-3,930 per standard tonne.
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