Luoyang Molybdenum Industry suspends the supply of tailings, causing the subsidiary of Xiamen Tungsten Industry to suspend production. The company responds: it is for the compliance and control of tungsten mines.

On July 1, Xiamen Tungsten Industry announced that its controlling subsidiary Luoyang Yulu Mining Co., Ltd. has basically stopped production due to the suspension of tailings supply by Luoyang Molybdenum Industry. Luoyang Yulu's main business is the recovery of scheelite from molybdenum tailings, with a revenue of 360 million yuan in 2025 and a net profit of 123 million yuan, accounting for 2.66% of the company's consolidated net profit. The impact of the production stoppage is still uncertain, and the company has set up a special task force to deal with it. Luoyang Molybdenum Industry responded to Interface News, stating that the measures taken are to ensure compliance with national regulatory requirements for tungsten ore management. Currently, the shareholders of Yulu Company have not reached a consensus on the disposal plan.