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China Molybdenumi

China Molybdenum, the largest molybdenum producer in China and the fourth largest in the world, is 35.5 per cent owned by Cathay Fortune Corp, which is headed by billionaire Yu Yong and based in Shanghai. China Molybdenum is listed in Hong Kong and Shanghai, and was a constituent of the Hang Seng China Enterprise Index from 2007 to 2010.

 

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China Molybdenum, the nation's second-biggest producer of the steelmaking material, has agreed to pay US$820 million for Rio Tinto's Northparkes copper mine in Australia.

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