China Molybdenum Co., Ltd. (CMOC) reported operating revenue of RMB94.77 billion (13.23 billion) in the first half of 2025, when mining revenue reached an all-time-high of RMB39.40 billion (USD5.5 billion), accounting for about 42% of total revenue, 11 percentage point higher than the same period of 2024. Output of all major products surpassed the mid-point of annual guidance.
H1 copper output rose 12.68% YoY to 353,600 tonnes, and copper mining revenue came in at RMB25.72 billion (USD3.59 million), up by 28.42% YoY. Cobalt output climbed 13.05% YoY to 61,100 tonnes, with cobalt mining revenue reaching RMB 5.73 billion (USD800 million), up by 31.94% YoY.
During the first half, molybdenum output fell 4.9% YoY to 6,989 tonnes. Tungsten output edged down 1.79% to 3,948 tonnes, while tungsten mining revenue rose 26.19% YoY to RMB1.11 billion (USD155 million). Niobium output increased 2.94% YoY to 5,231 tonnes, the highest in recent years.
