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Shenglong Co., Ltd. convened the third-quarter 2023 ideological coordination meeting.

On September 27, Luoyang Shenglong Mining Group Co., Ltd. (hereinafter referred to as Shenglong Shares) convened the third-quarter 2023 ideological coordination meeting. Zhang Baomin, Deputy Secretary of the Party Committee of Shenglong Shares, presided over the meeting and delivered a speech. Wang Erjun, Member of the Party Committee and Secretary of the Commission for Discipline Inspection, attended the meeting, and heads of all departments were also in attendance.

09-27

2023

Shenglong Co., Ltd. convened the third-quarter 2023 ideological coordination meeting.
Shenglong Co., Ltd. convened the third-quarter 2023 ideological coordination meeting.

The Theoretical Study Center Group of the Party Committee of Shenglong Co., Ltd. convened an expanded meeting.

On the morning of September 27, the Party Committee Theoretical Study Center Group of Luoyang Shenglong Mining Group Co., Ltd. (hereinafter referred to as Shenglong Shares) convened an expanded meeting to conduct a special study session on the thematic education of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. The company’s leadership team and heads of all departments attended the meeting.

09-27

2023

The Theoretical Study Center Group of the Party Committee of Shenglong Co., Ltd. convened an expanded meeting.
The Theoretical Study Center Group of the Party Committee of Shenglong Co., Ltd. convened an expanded meeting.

[Union Corner] Celebrate the Double Festival—Double the Joy!

“As the summer heat recedes and the sky clears, autumn arrives with a crisp, serene beauty,” to implement the spirit of the 20th National Congress of the Communist Party of China and warmly welcome the Mid-Autumn Festival while joyfully celebrating National Day, the Longyu Molybdenum Industry Union has, over recent days, distributed Mid-Autumn gifts to employees and organized a series of diverse and vibrant activities. From September 15 to 18, the union successively handed out Mid-Autumn treats to staff, extending festive greetings and best wishes in advance.

09-22

2023

[Union Corner] Celebrate the Double Festival—Double the Joy!
[Union Corner] Celebrate the Double Festival—Double the Joy!

Be a Good Anti-Fraud Promoter and Win the Battle Against Fraud — The Party Branch of Shenglong Company’s Headquarters Organized a Screening of “The Swindlers”

To further strengthen publicity and education on preventing telecom and online fraud, enhance the awareness of all cadres and employees in this regard, and fully leverage the exemplary role of Party members as pioneers, Shenglong Company’s Party branch organized a film-viewing event titled “Be an Effective Fraud‑Prevention Advocate and Win the Battle Against Fraud” on September 15. All cadres and employees were brought together to watch the movie “Kill It with Kindness,” allowing the film itself to serve as a real‑world example and educate everyone about fraud prevention.

09-16

2023

Be a Good Anti-Fraud Promoter and Win the Battle Against Fraud — The Party Branch of Shenglong Company’s Headquarters Organized a Screening of “The Swindlers”
Be a Good Anti-Fraud Promoter and Win the Battle Against Fraud — The Party Branch of Shenglong Company’s Headquarters Organized a Screening of “The Swindlers”

Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

Today, mainstream ferromolybdenum quotes remain steady at RMB 224,000–231,000 per tonne. Steel tender prices have edged up slightly in some regions; yesterday’s tender range was RMB 223,000–227,500 on a banker’s acceptance basis. Overall, securing purchases at lower price levels remains somewhat challenging, while ferromolybdenum prices are trending steadily higher. Tender prices for ferromolybdenum have changed little, yet mills show limited willingness to supply at low price points. Following inquiries yesterday, Jiangsu steelmakers mostly quoted cash prices of RMB 225,000–226,000. Meanwhile, in the spot market, retail transactions at cash prices of RMB 226,000–228,000 have been quietly concluded. With raw material costs rising once again, ferromolybdenum prices continue to find solid support, and with end‑user steel mills persisting in their purchasing activity, market quotations remain firm as traders await follow‑up from steel tenders.

09-05

2023

Ferromolybdenum costs have edged up, and market quotations remain relatively firm.
Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (I)

The sequence for adding ferroalloys is as follows: first, add those with weak deoxidizing power, then proceed to those with stronger deoxidizing power. Typically, alloy additions are initiated after slag removal has been completed and the carbon‑boosting operation has been finished, once a portion of the slag has been added to form a reducing slag. The specific requirements for adding different alloys are as follows:

09-05

2023

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (I)
The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (I)

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (II)

Vanadium‑iron should be added during the reduction phase. Due to vanadium’s strong affinity for oxygen, it readily oxidizes; therefore, it cannot be introduced during the oxidation phase and must be added only after the slag and molten steel have been effectively deoxidized in the reduction stage. Moreover, the addition of vanadium‑iron makes the molten steel highly susceptible to absorbing atmospheric nitrogen, which can degrade steel quality; hence, it should not be added prematurely but rather just before tapping. However, since vanadium‑iron requires a certain amount of time to melt, it should be charged 10–35 minutes prior to tapping. When the charge is small, the timing should be set toward the lower end of this range; for larger charges, the upper-middle range is appropriate. The recovery rate of vanadium‑iron is comparable to that of ferrosilicon.

09-05

2023

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (II)
The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (II)

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (III)

Titanium burn-off is primarily governed by the slag; thus, when the slag volume in the furnace is low, its impact is minimal and the recovery rate remains relatively stable. When the slag quantity is substantial, slag deoxidation is effective, and slag fluidity is appropriate, titanium burn‑off is also low and consistent. Conversely, if the slag volume is excessive and its condition is poor, titanium burn‑off becomes significant and highly unstable. If the slag is too dilute, the interaction between ferrotitanium and the slag intensifies, leading to a decline in recovery; however, if the slag is overly viscous, ferrotitanium tends to float on the slag surface, resulting in increased burn‑off and reduced recovery. Poor slag deoxidation, with high iron oxide content, causes substantial oxidation losses of titanium and lowers the recovery rate. High temperatures—especially elevated slag temperatures—promote ferrotitanium burn‑off and reduce recovery. Moreover, when the steel contains a high titanium content, the recovery rate is correspondingly high; similarly, a higher concentration of other deoxidizing elements in the steel also enhances recovery. For instance, pre‑inserting aluminum–titanium before adding titanium can further improve and stabilize the recovery rate. Adding ferrotitanium directly at the furnace top, leveraging gravity, allows it to enter the molten steel more efficiently, thereby boosting the recovery rate.

09-05

2023

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (III)
The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (III)

Post-holiday ferromolybdenum prices have continued to climb, hitting a new record, and demand for molybdenum-containing steel may keep rising in the coming period.

According to eCompany, data released by Zhuochuang Information show that following the Spring Festival holiday, international molybdenum prices have continued to climb. With the export window now open, domestic molybdenum prices have followed suit, reaching a 17-year high in just half a month. In the ferromolybdenum market, current producer quotes have mostly risen to above RMB 400,000 per tonne. On the raw‑material front, several overseas copper‑molybdenum co‑producing mines are experiencing declining ore grades, leading to a contraction in global molybdenum supply. Domestically, there are currently no significant plans for capacity expansion, and output is expected to remain relatively stable going forward. As a result, raw‑material supply is likely to remain tight in 2023. Demand-side, with the government promoting high‑quality development, demand for molybdenum‑containing steels is expected to keep rising. Coupled with a projected increase in stainless‑steel production in 2023, overall molybdenum demand will grow, providing solid support for the molybdenum market.

09-05

2023

Post-holiday ferromolybdenum prices have continued to climb, hitting a new record, and demand for molybdenum-containing steel may keep rising in the coming period.
Post-holiday ferromolybdenum prices have continued to climb, hitting a new record, and demand for molybdenum-containing steel may keep rising in the coming period.

Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

Today, mainstream ferromolybdenum quotes remain steady at RMB 224,000–231,000 per tonne. Steel tender prices have edged up slightly in some regions; yesterday’s tender range was RMB 223,000–227,500 on a banker’s acceptance basis. Overall, securing purchases at lower price levels remains somewhat challenging, while ferromolybdenum prices are trending steadily higher. Tender prices for ferromolybdenum have changed little, yet mills show limited willingness to supply at low price points. Following inquiries yesterday, Jiangsu steelmakers mostly quoted cash prices in the RMB 225,000–226,000 range. Meanwhile, in the spot market, retail transactions at cash prices of RMB 226,000–228,000 have been concluded in small volumes. With raw material costs rising once again, ferromolybdenum prices continue to find solid support, and with end‑user steel mills persisting in their purchasing activity, market quotations remain firm as traders await follow‑up from steel tenders.

09-05

2023

Ferromolybdenum costs have edged up, and market quotations remain relatively firm.
Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

Molybdenum concentrate and ferromolybdenum prices both surged 57%, while Jinmolybdenum Co., Ltd. posted a first-half profit forecast of nearly RMB 1.5 billion.

The decline in molybdenum prices this March led to a quarter-on-quarter drop in Jinmolybdenum Co., Ltd. (601958.SH)’s second-quarter earnings. However, amid a sharp rise in molybdenum prices during the first half of the year, the company’s current‑period profits are expected to surpass its full‑year 2022 results. On the evening of July 10, Jinmolybdenum released an earnings forecast, projecting net profit attributable to shareholders between RMB 1.33 billion and RMB 1.53 billion—up roughly 100.01% to 130.09% year over year. Explaining the change in performance, the company stated: “International molybdenum prices have remained volatile at high levels, with major molybdenum product prices rising year over year. The company has seized market opportunities and actively organized and scheduled production…”

09-05

2023

Molybdenum concentrate and ferromolybdenum prices both surged 57%, while Jinmolybdenum Co., Ltd. posted a first-half profit forecast of nearly RMB 1.5 billion.
Molybdenum concentrate and ferromolybdenum prices both surged 57%, while Jinmolybdenum Co., Ltd. posted a first-half profit forecast of nearly RMB 1.5 billion.

“Blood Donation Saves Lives—An Unparalleled Honor”: Longyu Molybdenum Co., Ltd. Organizes a Voluntary Blood-Donation Service Event

Voluntary blood donation is a vital public‑health initiative that safeguards the lives and well‑being of the people and ensures urban public safety, making it an essential component of social welfare. On September 1, the Longyu Molybdenum Industry Trade Union and the Youth League Committee mobilized more than 40 volunteers from various units to participate in Luanchuan County’s 2023 voluntary blood‑donation drive, holding service activities at the County Geology Square and the Lengshui Town Cultural Square, thereby vigorously promoting the spirit of social responsibility—“donating blood to save lives is the highest honor.”

09-01

2023

“Blood Donation Saves Lives—An Unparalleled Honor”: Longyu Molybdenum Co., Ltd. Organizes a Voluntary Blood-Donation Service Event
“Blood Donation Saves Lives—An Unparalleled Honor”: Longyu Molybdenum Co., Ltd. Organizes a Voluntary Blood-Donation Service Event
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