On June 28, 2023, Weinan High-tech Zone in Shaanxi Province held a mobilization meeting for key projects in June 2023 and a groundbreaking ceremony for the annual production capacity of 2,000 tons of converter high-purity molybdenum oxide technology reform project of Golden Molybdenum Co. The project will be completed in December 2024 and is expected to achieve an annual output value of 780 million yuan, an average mu output value of 78 million yuan, an average mu tax revenue of 1.25 million yuan and a reduction in energy consumption per unit of product of more than 25%.
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