Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026

Published: Apr 3, 2026 15:41

Save

Yankuang Energy stated at its 2025 annual results briefing that, according to the feasibility study report prepared by Changsha Engineering & Research Institute Ltd. of Nonferrous Metallurgy, Xinghe Molybdenum (Caosiyao Molybdenum Mine) is located in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, and has molybdenum ore resources of 1.04 billion mt, metal content of 1.089 million mt, an average grade of 0.105%, and associated metals including tungsten and zinc. The designed capacity is 16.5 million mt/year of raw ore, and annual molybdenum concentrate production will reach 30,800 mt/year upon reaching full production. In February 2026, it was issued the electronic certificate for a mining license with an annual mining scale of 16.5 million mt, and construction is expected to commence in H2 2026, with a construction period of 1.5-2 years.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

May 9, 2026 08:18

Multiple Tungsten Companies Continue to Lower Long-Term Contract Prices, with a Decline Exceeding 33% in Less Than Two Months — Where Will Tungsten Prices Head Next? [SMM Commentary]

May 9, 2026 08:18

May 7, 2026 18:52

Tungsten Prices Stable in Europe, Scrap Prices Drop in India Amid Weak Demand

[SMM Tungsten Express] SMM May 7: APT CIF Rotterdam prices remained stable at $2,900-3,200/mtu this week, flat WoW. However, market pessimism was strong in the European market this week, with end-users mostly adopting a wait-and-see attitude. Despite no change in the tight supply landscape, there was virtually no substantial trading in the market this week, and buyers and sellers were in a stalemate. In the Indian market, FOB prices for scrap tungsten drill bits were quoted at $100-120/kg, with an average price of $110/kg, down $30 WoW. Market demand was weak, and panic sentiment among scrap dealers intensified, accelerating the price decline.

May 7, 2026 18:52

May 6, 2026 22:26

A Tungsten Company in Jiangxi Lowered Wolframite Concentrates Prices in the First Half of May

[Tungsten News Flash] SMM May 6: A tungsten industry group in Jiangxi released long-term contract prices for the first half of May. The guidance price for national standard grade-one wolframite concentrates for the first half of May 2026 was 720,000 yuan/standard tonne (65%WO3 basis) (long-term contract), down 190,000 yuan/standard tonne (65%WO3 basis) from the second half of April.

May 6, 2026 22:26