
The “Guangdong Wuhua County Baishizhang Mining Area Molybdenum Resource Verification Report,” compiled by the Guangdong Institute of Mineral Resources Exploration, has successfully passed its review. The report indicates an additional 100,000 tons of molybdenum metal, elevating the resource scale to a large category. The project’s concession holder, granted mining rights in 2007, originally planned underground mining. However, due to low molybdenum prices at the time, the mine remained unoperational, leaving its resource advantage unexploited economically. To reverse this, in November…