Recently, a government order prohibiting the export of copper-cobalt concentrates signed by the Congolese government at the end of June disrupted the capital market. In response, a person related to the Luoyang Molybdenum Industry posted a WeChat circle of friends saying that the products of the company's TFM and KFM mines in the Congo are cathode copper and cobalt hydroxide, and there are no concentrates. An industry source explained that Luoyang Molybdenum's local mine in the Congo integrates mining, selection and metallurgy, using an electrodeposition process. The end product is indeed cathode copper, so the ban has little impact on the company.

Recently, a government order prohibiting the export of copper-cobalt concentrates signed by the Congolese government at the end of June disrupted the capital market. In response, a person related to the Luoyang Molybdenum Industry posted a WeChat circle of friends saying that the products of the company's TFM and KFM mines in the Congo are cathode copper and cobalt hydroxide, and there are no concentrates. An industry source explained that Luoyang Molybdenum's local mine in the Congo integrates mining, selection and metallurgy, using an electrodeposition process. The end product is indeed cathode copper, so the ban has little impact on the company.