China’s Giant Molybdenum Producer Plans Hong Kong IPO

The Luoyang Luanchuan Molybdenum Group is planning to file an IPO application with the Hong Kong Stock Exchange to raise US$200 million next month, market sources told the South China Morning Post. Expected to be launched late this year or early next year, the IPO of the State-owned enterprise will be arranged by Morgan Stanley. Based in Henan Province, Luoyang Luanchuan has the world’s largest molybdenum deposits totalling 260,000 tons. And by providing the world’s fourth-largest steelmaker, South Korea’s POSCO, with 9,000 tons over the next two years, Luoyang Luanchuan will earn US$300 million.The white metal is used to make alloys for strengthening the mixtures of metals that are typically more durable than pure metals like stainless steel.

Molybdenum Stocks Investing Company List

MOLYBDENUM STOCK INVESTING COMPANY LIST

ASCENDANT COPPER CORPORATION (TSX:ACX)
ADANAC MOLY CORP (CVE:AUA)
BCGOLD CORP (CVE:BGX.P)
BLUE PEARL MINING LTD (TSE:BLE)
EAGLE PLAINS RESOURCES (CVE:EPL)
ENTRÉE GOLD INC (CVE:ETG)
HI HO SILVER RESOURCES (CNQ:HIHO)
IDAHO GENERAL MINES (AMEX:GMO)
INCA PACIFIC RESOURCES (CVE:IPR)
KAMINAK GOLD CORPORATION (CVE:KAM)
KOBEX RESOURCES (CVE:KBX)
MERCATOR MINERALS LTD (TSX:ML)
NEW CANTECH VENTURES INC. (CVE:NCV)
NORTH AMERICAN GEM (CVE:NAG)
LARGO RESOURCES (CVE:LGO)
ROCA MINES (CVE:ROK)
ROXMARK MINES LTD (CNQ:RMKL)
RIO TINTO (NYSE:RTP)
SULTAN MINERALS (SUL.V)
TERRANE METALS CORP (CVE:TRX)
TORCH RIVER RESOURCES (CVE:TCR)
VIRGIN METALS INC. (CVE:VGM)