JDC to Double Moly Concentrate Production in 2013

Platts reported that Junduicheng Molybdenum (JDC) says that they will ramp up production for 2013 to 38,500 mt of moly concentrate in 2013.

As quoted in the market report:

The additional production target follows JDC’s purchase in January of a 10% stake in Jinsha Molybdenum for Yuan 839 million. Jinsha’s moly mine in Jingsai county, Anhui province, is estimated to hold 1.582 billion mt of ore reserves with 2.27 million mt of metal, with average ore grade of 0.144%.

To view the whole Platts report, click here.