The predecessor of Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. (hereinafter referred to as "Luoyang Molybdenum Industry" and "Company") was founded in 1969. It underwent two mixed ownership reforms in 2004 and 2014. It is currently a privately held joint-stock company. Listed on the Stock Exchange of Hong Kong (stock code: 03993) in 2007. Listed on the Shanghai Stock Exchange (“Shanghai Stock Exchange”) (stock code: 603993).

The company belongs to the non-ferrous metal mining and dressing industry, mainly engaged in mining, sorting, smelting and other mining and processing businesses of basic metals and rare metals and mineral trading businesses. Currently, the company's main businesses are distributed in Asia, Africa, South America and Europe. It is a world-renowned manufacturer of tungsten, cobalt, niobium, molybdenum and an important copper manufacturer. It is also a leading manufacturer of phosphorus fertilizer in Brazil.

The company's vision is to become a respected, modern and world-class resource company, and the company has formed a "mining + trade" development model. In order to adapt to the global "dual carbon" strategic opportunity and achieve the company's long-term goals, the company has clarified the development goals of the "three-step" in the future period: the first step is to "lay the foundation" to reduce costs and increase efficiency, through organizational upgrades and global management and control models. Establish, build systems, improve mechanisms, build nests and attract phoenixes, attract mining elites, and make good reserves. The second step is to double the capacity by "up to the level" and accelerate the construction and production of two world-class projects of TFM mixed ore and KFM copper and cobalt ore. With the increase in production capacity, the team has been tempered in building world-class projects. Use modern governance methods to manage branch companies more effectively, and the global governance level will be comprehensively improved. The third step is to "big leap" to create world-class, the scale of the enterprise and cash flow level reach a new level, the talent team and project reserve meet new requirements, and seek greater development around key areas and key varieties and achieve vision and goals.