China Molybdenum Co., Ltd. (CMOC Group Ltd) Overview
Pro stress-test →China Molybdenum Co., Ltd. (CMOC) is a Chinese integrated non-ferrous metal mining corporation founded in 2006 that engages in mining, selecting, smelting and processing of molybdenum, tungsten, copper, cobalt, niobium and phosphorus minerals. CMOC is the largest molybdenum producer in Mainland China and the second-largest producer of cobalt and niobium worldwide, alongside being a leading copper producer.
Strategic Profile
Pro stress-test →In 2016 CMOC acquired the Tenke Fungurume copper-cobalt mine in the DRC from Freeport-McMoRan for $2.65 billion, catapulting the firm from regional miner to a node in the global electrification supply chain. Its DRC concessions produce cobalt primarily for lithium-ion battery cathodes, linking CMOC directly to electric-vehicle supply chains for manufacturers in China, Europe, and North America.
Competitive Landscape
Pro stress-test →CMOC is the largest molybdenum producer in Mainland China and the second-largest producer of cobalt and niobium worldwide, alongside being a leading copper producer. Primary competitors include other diversified mining majors such as Glencore, Vale, Rio Tinto, and Freeport-McMoRan in copper/cobalt segments, and specialty producers in molybdenum and tungsten markets.
Industry Context
China Molybdenum Co., Ltd. (CMOC Group Ltd) operates in Integrated non-ferrous metals mining and processing.
Key facts
Founded: 2006 · Headquarters: Luoyang, China · Employees: 10,000+ · Revenue: Estimated $11.3B–$12.0B (FY2020 approx. RMB 113B; current estimate reflects commodity price volatility and acquisition-driven growth through 2026) · Market cap: N/A