Xiamen Tungsten Files $16M Arbitration Against CMOC Over Joint Venture Shutdown
Xiamen Tungsten has filed an arbitration claim against China Molybdenum Co., Ltd. (CMOC) seeking 116 million yuan ($16 million) in damages, alleging CMOC breached their joint venture contract by halting tailings supply to Luoyang Yulu Mining, causing its full production halt. CMOC stated it suspended supply to ensure compliance with national tungsten resource management regulations. The Beijing Arbitration Commission has accepted the case, which has not yet been heard.
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China Molybdenum, Xiamen Tungsten in $116M Arbitration Over Tailings Supply Dispute
A long-standing partnership between two Chinese tungsten giants, Xiamen Tungsten (600549.SH) and China Molybdenum (603993.SH), has broken down into a 116 million yuan ($16 million) arbitration case. The dispute centers on a joint venture, Luoyang Yulu Mining, established in 2002, where Xiamen Tungsten holds 60% and China Molybdenum 40%. The venture processes molybdenum tailings from China Molybdenum's mine to recover tungsten. On June 30, 2025, China Molybdenum stopped supplying tailings, citing national tungsten mining quota compliance requirements, forcing the venture to halt production. Xiamen Tungsten argues this violates the 2001 joint venture contract, which obligates China Molybdenum to supply tailings until the venture's license expires in 2032. Xiamen Tungsten has filed for arbitration at the Beijing Arbitration Commission, seeking contract enforcement and compensation for losses. The case highlights tensions between strategic mineral production controls and long-term industrial contracts, as tungsten prices remain near historic highs at around 405,000 yuan per ton.
Read sourceXiamen Tungsten Files $16M Arbitration Claim Against CMOC Over Joint Venture Shutdown
Xiamen Tungsten has filed an arbitration claim against China Molybdenum Co., Ltd. (CMOC) for breach of contract, seeking 116 million yuan ($16 million) in damages. The dispute centers on CMOC's decision to stop supplying tailings to their joint venture, Luoyang Yulu Mining, causing its full suspension. Xiamen Tungsten holds a 60% stake in the venture, while CMOC holds 40% and is contractually obligated to provide tailings from its molybdenum mine for tungsten recovery. CMOC stated it suspended supply to ensure compliance with national tungsten resource management regulations, which increasingly require closed-loop control of tungsten output. The two parties have failed to reach a new agreement. The arbitration, filed with the Beijing Arbitration Commission, seeks restoration of tailings supply and compensation for losses. The case has not yet been heard, and the financial impact on both companies remains uncertain. Xiamen Tungsten's market cap is approximately 79.7 billion yuan, while CMOC's is about 376.3 billion yuan.
Read sourceXiamen Tungsten Files $16M Arbitration Claim Against CMOC Group Over Joint Venture Shutdown
Xiamen Tungsten (XT) has filed an arbitration claim against CMOC Group (CMOC) seeking over 116 million yuan ($16 million) in damages, alleging CMOC breached their joint venture contract by halting tailings supply to Luoyang Yulu Mining, causing its full shutdown. The joint venture, established in 2002, processes tungsten from CMOC's molybdenum mine tailings. XT holds 60% equity and operates the venture, while CMOC supplies tailings. CMOC stated it paused supply to ensure compliance with national tungsten resource management regulations, as recent regulatory changes may require tungsten from tailings to be managed under mining quotas. XT's arbitration demands include resumption of tailings supply, compensation for losses from the supply halt (56.4 million yuan) and from a CMOC-requested sales suspension (56.8 million yuan), plus legal costs. The Beijing Arbitration Commission has accepted the case, which has not yet been heard. XT shares closed at 50.2 yuan, down 0.57%, with a market cap of 79.7 billion yuan; CMOC shares rose 0.46% to 17.59 yuan, with a market cap of 376.3 billion yuan.
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Xiamen Tungsten files arbitration against CMOC Group seeking over 100 million yuan
Xiamen Tungsten announced on September 21 that it has filed for arbitration against CMOC Group (Luoyang Molybdenum) for allegedly breaching a joint venture contract. The dispute centers on CMOC's cessation of tailings supply to their joint venture, Luoyang Yulu Mining, on June 30, 2026, causing a full production halt. The joint venture, established in 2002, recovers scheelite from molybdenum tailings. Xiamen Tungsten claims CMOC violated the contract by stopping tailings supply and ordering a sales suspension of tungsten concentrate. The arbitration claim totals approximately 116 million yuan, including 56.45 million yuan for losses from the supply halt and 56.77 million yuan from the sales suspension. Xiamen Tungsten seeks an order for CMOC to resume tailings supply until the venture's 2032 expiry. The Beijing Arbitration Commission has accepted the case but not yet heard it. Luoyang Yulu reported net profit of 336 million yuan in the first half of 2026. CMOC has not yet commented.
Read sourceXiamen Tungsten Files $16M Arbitration Against Luoyang Molybdenum Over Tailings Supply
Xiamen Tungsten (600549.SH) has filed for arbitration against Luoyang Molybdenum (603993.SH) over the latter's cessation of tailings supply to their joint venture, Luoyang Yulu, seeking approximately 116 million yuan ($16 million) in damages. The Beijing Arbitration Commission has accepted the case. The dispute stems from a 2001 joint venture where Xiamen Tungsten held 60% and Luoyang Molybdenum 40%, with Luoyang Yulu recovering tungsten from molybdenum tailings. Luoyang Molybdenum stopped supplying tailings on June 30, 2026, citing compliance with national tungsten mining regulations, as China classifies tungsten as a protected mineral with output quotas. Xiamen Tungsten claims the halt caused losses including 56.45 million yuan from supply cessation and 56.77 million yuan from forced sales suspension. Luoyang Molybdenum stated it will actively respond to the arbitration, maintaining its operations are compliant. The joint venture contributed 61.37 million yuan to Xiamen Tungsten's net profit in 2025, representing 2.66% of its total.
Read sourceXiamen Tungsten Files $16M Arbitration Against CMOC Group Over Tailings Supply Dispute
Xiamen Tungsten (600549.SH) has filed an arbitration claim against CMOC Group (603993.SH) with the Beijing Arbitration Commission, seeking approximately 116 million yuan ($16 million) in damages. The dispute stems from CMOC's cessation of tailings supply to their joint venture Luoyang Yulu, which processes tungsten from molybdenum tailings. CMOC stopped supplying tailings on June 30, 2025, citing compliance concerns over tungsten mining regulations, as China's Ministry of Natural Resources since 2023 no longer distinguishes between primary and comprehensive utilization tungsten quotas. Xiamen Tungsten seeks an order for CMOC to resume supply until the joint venture's 2032 expiry, plus compensation for losses including 56.45 million yuan from supply cessation and 56.77 million yuan from forced sales suspension. CMOC responded it will actively defend itself, stating it operates with compliance as its bottom line. The joint venture contributed 61.37 million yuan to Xiamen Tungsten's net profit in 2025, representing 2.66% of its consolidated net profit.
Read sourceChina tungsten giants Xiamen Tungsten and CMOC escalate dispute over joint venture supply halt
Xiamen Tungsten (600549) announced on September 21 that it has filed for arbitration against CMOC Group (603993) at the Beijing Arbitration Commission, alleging breach of their joint venture contract for Luoyang Yulu Mining. The dispute centers on CMOC's suspension of tailings supply to the joint venture, which has caused a full production halt. Xiamen Tungsten claims damages of approximately 116 million yuan (calculated through August 31, 2026), including 56.45 million yuan for losses from the supply halt and 56.77 million yuan for losses from CMOC's demand to suspend sales. The joint venture, established in 2002, processes tungsten from CMOC's molybdenum tailings. CMOC stated it suspended supply to ensure compliance with national tungsten mining regulations, which increasingly require closed-loop management of tungsten resources including tailings. A market analyst suggested that evolving regulatory requirements on tungsten resource management may be the underlying cause of the dispute. The arbitration has been accepted but not yet heard, and both companies noted the financial impact remains uncertain. Xiamen Tungsten shares closed at 50.2 yuan (-0.57%), while CMOC shares closed at 17.59 yuan (+0.46%).
Read sourceXiamen Tungsten Files 116M Yuan Arbitration Against CMOC Group Over Joint Venture Halt
Xiamen Tungsten (600549) has filed for arbitration against China Molybdenum Co., Ltd. (CMOC Group, 603993) at the Beijing Arbitration Commission, seeking 116 million yuan in damages. The dispute stems from CMOC's alleged breach of a 2001 joint venture agreement by ceasing to supply tailings to Luoyang Yulu Mining Co., Ltd. on June 30, 2026, causing the venture to halt production. Under the agreement, CMOC was to provide molybdenum tailings for tungsten recovery, while Xiamen Tungsten held a 60% stake and managed operations. Luoyang Yulu contributed approximately 60 million yuan in net profit to Xiamen Tungsten in 2025. CMOC stated it will actively respond to the arbitration, emphasizing compliance. The case has not yet been heard, and the financial impact on both companies remains uncertain. Xiamen Tungsten has a market cap of about 80 billion yuan, while CMOC's exceeds 370 billion yuan.
Read sourceChina tungsten and molybdenum giants in 116 million yuan dispute over joint venture supply halt
Xiamen Tungsten (600549) has filed for arbitration against China Molybdenum (603993) over an alleged breach of their joint venture agreement for Luoyang Yulu Mining. The dispute centers on China Molybdenum's decision to stop supplying tailings to the joint venture as of June 30, 2026, causing a full production halt. Xiamen Tungsten claims this violates the 2001合资合同 (joint venture contract) under which China Molybdenum was obligated to provide molybdenum tailings for tungsten recovery. The arbitration claim totals 116 million yuan, calculated through August 31, 2026. China Molybdenum stated it will actively respond to the lawsuit, emphasizing compliance. Luoyang Yulu contributed over 60 million yuan in net profit to Xiamen Tungsten in 2025. The Beijing Arbitration Commission has accepted the case, but no hearing date has been set. Xiamen Tungsten said the arbitration is a legal measure to protect shareholder interests, while noting the financial impact remains uncertain pending the ruling.
Read sourceChina tungsten and molybdenum giants in 116 million yuan arbitration over tailings supply dispute
Xiamen Tungsten (600549) has filed for arbitration against China Molybdenum (603993) over an alleged breach of their joint venture agreement for Luoyang Yulu Mining. The dispute centers on China Molybdenum's decision to stop supplying tailings to the joint venture from June 30, 2026, causing Luoyang Yulu to halt production. Xiamen Tungsten claims this violates the 2001合资合同 (joint venture contract) under which China Molybdenum was obligated to provide tailings from its molybdenum processing operations for tungsten recovery. The arbitration claim totals 116 million yuan (as calculated through August 31, 2026). China Molybdenum stated it will actively respond to the arbitration, emphasizing compliance as its bottom line. Luoyang Yulu contributed over 60 million yuan in net profit to Xiamen Tungsten in 2025. The Beijing Arbitration Commission has accepted the case, but no hearing date has been set. Xiamen Tungsten described the arbitration as a legal measure to protect shareholder interests.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Group Over Joint Venture Dispute
Xiamen Tungsten has filed for arbitration against China Molybdenum Co., Ltd. (CMOC Group) over an alleged breach of their joint venture contract for Luoyang Yulu Mining Co., Ltd. The dispute centers on CMOC's decision to stop supplying tailings to Luoyang Yulu as of June 30, 2026, causing a full production halt. Xiamen Tungsten claims this violates the 2001 joint venture agreement, under which CMOC was obligated to provide tailings from its molybdenum processing operations for tungsten recovery. The arbitration claim totals 116 million yuan, calculated through August 31, 2026. CMOC has stated it will actively respond to the arbitration, emphasizing compliance. Luoyang Yulu contributed over 60 million yuan in net profit to Xiamen Tungsten in 2025. The Beijing Arbitration Commission has accepted the case, but no hearing date has been set, leaving the financial impact uncertain. Both companies are leading players in their respective sectors, with Xiamen Tungsten valued at approximately 80 billion yuan and CMOC at over 370 billion yuan.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Over Tailings Supply Halt, Seeks 116 Million Yuan
Xiamen Tungsten (SH600549) announced on September 21 that it has filed for arbitration against China Molybdenum (CMOC, SH603993) over an alleged breach of a joint venture contract. The dispute centers on CMOC's decision to stop supplying tailings to their joint venture, Luoyang Yulu Mining Co., Ltd., from June 30, 2026, causing a full production halt. Xiamen Tungsten claims this violates the 2001 joint venture agreement, under which CMOC was obligated to supply tailings from its molybdenum mine for tungsten recovery until the venture's term ends in 2032. Xiamen Tungsten is seeking 116 million yuan in damages, including 56.45 million yuan for losses from the supply halt (calculated through August 31, 2026) and 56.77 million yuan for losses from CMOC's alleged demand to suspend tungsten concentrate sales. The company also requests the Beijing Arbitration Commission to order CMOC to resume tailings supply. Xiamen Tungsten stated the arbitration will not materially impact its daily operations, though the financial outcome remains uncertain pending the ruling. The company reported strong first-half 2026 results, with revenue up 81.7% year-on-year to 35.01 billion yuan and net profit up 127% to 2.2 billion yuan.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Group Over Tailings Supply Halt, Seeks 116 Million Yuan
Xiamen Tungsten (SH600549) announced on September 21 that it has filed for arbitration against CMOC Group (SH603993) at the Beijing Arbitration Commission, seeking approximately 116 million yuan in damages. The dispute stems from CMOC's alleged breach of a 2001 joint venture agreement that established Luoyang Yulu Mining Co., Ltd. Under the agreement, CMOC was to supply tailings from its molybdenum mining operations to Luoyang Yulu, which processes them to recover tungsten. Xiamen Tungsten holds a 60% stake in the venture, while CMOC holds 40%. According to the announcement, CMOC stopped supplying tailings on June 30, 2026, causing Luoyang Yulu to halt production entirely, and also demanded the venture suspend sales of tungsten concentrate. Xiamen Tungsten is seeking an order for CMOC to resume tailings supply until the venture's term expires in 2032, compensation for losses from the supply halt (provisionally calculated at 56.45 million yuan through August 31, 2026), and compensation for losses from the sales suspension (56.77 million yuan). Xiamen Tungsten stated the arbitration will not materially impact its daily operations, but the financial outcome remains uncertain pending the tribunal's decision. The company reported strong first-half 2026 results, with revenue up 81.7% year-on-year to 35.01 billion yuan and net profit up 127% to 2.2 billion yuan.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Group Over Tailings Supply Dispute
Xiamen Tungsten Co., Ltd. (600549.SH) announced that it has filed an arbitration application with the Beijing Arbitration Commission against China Molybdenum Co., Ltd. (CMOC Group), alleging breach of the joint venture contract for Luoyang Yulu Mining Co., Ltd. According to the company's statement, CMOC stopped supplying tailings to Luoyang Yulu, causing a complete production halt. Xiamen Tungsten, as the applicant, is seeking approximately 116 million yuan (as calculated up to August 31, 2026) in damages. The company stated this is a legal action to protect its rights. The company noted that since the case has not yet been heard, the impact on current and future profits remains uncertain, and the final outcome depends on the arbitration ruling and subsequent enforcement. The Beijing Arbitration Commission has issued a notice of acceptance (Case No. (2026) Jing Zhong An Zi No. 08572).
Read sourceXiamen Tungsten Files Arbitration Against China Molybdenum Over Tailings Supply Halt
Xiamen Tungsten Co., Ltd. (600549.SH) announced on September 21 that it has filed an arbitration application with the Beijing Arbitration Commission against China Molybdenum Co., Ltd. (CMOC Group) for breach of contract. The dispute stems from CMOC's cessation of tailings supply to Luoyang Yulu Mining Co., Ltd., a joint venture between the two companies, which has caused Luoyang Yulu to completely suspend production. Xiamen Tungsten claims that CMOC violated the terms of the joint venture agreement for establishing Luoyang Yulu. The total amount involved in the arbitration is provisionally calculated at 116 million yuan (approximately $16.3 million), as estimated through August 31, 2026. Xiamen Tungsten has received a notice of acceptance from the Beijing Arbitration Commission, but the case has not yet been heard. The company stated that the impact on its current and future profits remains uncertain pending the outcome of the proceedings.
Read sourceXiamen Tungsten Files for Arbitration Against CMOC Group Over Tailings Supply Dispute
Xiamen Tungsten Co., Ltd. (600549.SH) announced on September 21 that it has filed an arbitration application with the Beijing Arbitration Commission against China Molybdenum Co., Ltd. (CMOC Group) for allegedly breaching their joint venture contract. The dispute centers on CMOC's cessation of tailings supply to Luoyang Yulu Mining Co., Ltd., a joint venture between the two companies, which Xiamen Tungsten claims has forced Luoyang Yulu into a complete production halt. The total amount involved in the arbitration is provisionally calculated at 116 million yuan (approximately $16.3 million), as estimated up to August 31, 2026. Xiamen Tungsten stated it has received a notice of acceptance from the Beijing Arbitration Commission, but since the case has not yet been heard, the impact on the company's current and future profits remains uncertain.
Xiamen Tungsten Files Arbitration Against CMOC Over Tailings Supply, Seeks 116 Million Yuan
Xiamen Tungsten has initiated arbitration proceedings against China Molybdenum Co., Ltd. (CMOC) at the Beijing Arbitration Commission, alleging that CMOC violated a joint venture agreement by halting the supply of tailings to Luoyang Yulu Mining Co., Ltd. (Luoyang Yulu) from June 30, 2026. The cessation of tailings supply, which are essential for extracting tungsten, forced Luoyang Yulu to fully suspend production. Xiamen Tungsten is seeking a total of 116 million yuan in compensation, including losses from the production halt (56.45 million yuan) and from CMOC's demand that Luoyang Yulu suspend tungsten concentrate sales (56.77 million yuan), with amounts calculated up to August 31, 2026. The company also requests that CMOC resume tailings supply until the joint venture's term expires in 2032. Xiamen Tungsten stated the arbitration will not materially impact its daily operations, though the final financial effect remains uncertain. Separately, the article notes Xiamen Tungsten's stock rose 23.03% year-to-date, with six trading halts, and reported a 127% increase in net profit for the first half of the year, driven by growth in its tungsten, rare earth, and magnetic materials businesses.
Read sourceTwo A-Share Tungsten Giants in Dispute Over 116 Million Yuan; Arbitration Filed
On September 21, Xiamen Tungsten announced it has filed for arbitration against China Molybdenum (CMOC) over an alleged breach of a joint venture contract signed in 2001. The dispute centers on CMOC's cessation of tailings supply to the joint venture, Luoyang Yulu Mining, on June 30, 2026, causing a full production halt. Xiamen Tungsten claims CMOC violated the joint venture agreement by stopping the supply of molybdenum-separated tailings, which were CMOC's capital contribution for its 40% stake. The claimed amount is approximately 116 million yuan, calculated through August 31, 2026. CMOC stated it will actively respond to the arbitration, emphasizing compliance. Luoyang Yulu, established in 2002, processes tungsten from CMOC's tailings. In 2025, it contributed over 60 million yuan in net profit to Xiamen Tungsten. The arbitration has been accepted by the Beijing Arbitration Commission, but the outcome and financial impact remain uncertain. Xiamen Tungsten stated the arbitration is a legal measure to protect shareholder interests.
Read sourceXiamen Tungsten Files Arbitration Against Luoyang Molybdenum Over 116 Million Yuan Dispute
Xiamen Tungsten has initiated arbitration proceedings against Luoyang Molybdenum, alleging breach of a joint venture contract that led to the full suspension of operations at their jointly owned subsidiary, Luoyang Yulu Mining. The dispute centers on Luoyang Molybdenum's cessation of tailings supply to Luoyang Yulu as of June 30, 2026, which Xiamen Tungsten claims violates the 2001合资合同 (joint venture contract). The arbitration claim, filed with the Beijing Arbitration Commission, seeks approximately 116 million yuan in damages, calculated up to August 31, 2026. Luoyang Molybdenum stated it will actively respond to the lawsuit, emphasizing compliance. Luoyang Yulu, established in 2002, processes tailings from Luoyang Molybdenum's molybdenum mine to recover scheelite. In 2025, it contributed over 60 million yuan in net profit to Xiamen Tungsten. The case has not yet been heard, and the financial impact on both companies remains uncertain. Xiamen Tungsten described the arbitration as a lawful measure to protect shareholder interests.
Read sourceXiamen Tungsten Files $16M Arbitration Against CMOC Group Over Tailings Supply Dispute
Xiamen Tungsten has filed an arbitration claim against China Molybdenum Co., Ltd. (CMOC Group) with the Beijing Arbitration Commission, seeking approximately 116 million yuan ($16 million) in damages. The dispute stems from CMOC's decision to stop supplying tailings to their joint venture, Luoyang Yulu, which processes tungsten from molybdenum tailings. CMOC halted supply on June 30, 2025, citing compliance concerns over tungsten mining quotas, leading to the joint venture's full suspension. Xiamen Tungsten's claims include demands for CMOC to continue supplying tailings until the joint venture's 30-year term expires in 2032, compensation for losses from the supply halt (56.4 million yuan from June 30 to August 31, 2025), and damages from CMOC's order to suspend sales (56.8 million yuan). CMOC responded that it operates with compliance as a baseline and will actively defend against the arbitration. The case is pending a hearing, and the financial impact remains uncertain. The dispute highlights regulatory tensions over tungsten mining quotas in China.
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