China's JDC Lifts Ferro-Molybdenum Alloy Output in 2024

Jinduicheng Molybdenum

Jinduicheng Molybdenum Reports 47% Surge in Alloy Production

China’s Jinduicheng Molybdenum (JDC) significantly boosted its ferro-molybdenum alloy output in 2024, highlighting strong operational momentum. JDC produced 22,847 tonnes of molybdenum metal equivalent, marking a 47% increase from 2023. Sales reached 21,748 tonnes, up 36% year-on-year.

The state-controlled firm also ramped up production of ammonium molybdate and molybdenum powder, growing by 11% and 12%, respectively. This output growth underscores JDC’s strategy to enhance value-added product output amid robust domestic demand.

Mining Capacity Supports Growth Outlook

JDC operates two key mining assets — the Jinduicheng Mine (13.4mn t/yr capacity) and the Ruyang Donggou Mine (8.8mn t/yr). Together, these provide a stable ore supply, reinforcing JDC’s ability to scale alloy and powder production.

Nationally, China produced 306,000 tonnes of molybdenum concentrate in 2024, reflecting an 8.5% increase from the previous year. Ferro-molybdenum consumption in China grew 12%, reaching 190,000 tonnes, driven by downstream applications in construction and clean energy.

Strong Demand Expected in Steel, Energy, and Aerospace Sectors

JDC forecasts continued strong demand in 2025 due to the widespread use of molybdenum-containing steels. These materials are crucial in new energy systems, advanced materials, and aerospace engineering, aligning with China's industrial upgrade goals.

Meanwhile, tightening global supply and rising alloy-grade specifications may support firm molybdenum pricing throughout the year. JDC is likely to maintain output discipline while leveraging its vertically integrated structure to navigate future volatility.

The Metalnomist Commentary

JDC’s growth underscores China’s ability to secure domestic alloy production amid global uncertainty. As energy transition accelerates, materials like molybdenum will be strategic levers in the race for industrial dominance.