Shanghai Nonferrous Metals News

15th January 2019: JDC (Jinduicheng Molybdenum Co. Ltd.)  announced that the net profit attributed to the parent company in 2018 is expected to be between RMB 345 mln ~395 mln, up 222% or 268% on-year. The strong growth in net profit can be attributed to an overall robust market momentum in China and internationally. Prices of FeMo (60% grade) in the domestic market averaged RMB 118,100/t in 2018, up 38.94% on-year; in the global market, the average price of MW (molybdenum oxide) was USD 11.92/pound of molybdenum, up 45.19% on-year.

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