According to Jilin Province-based Chinese company Horoc Nonferrous Metal Group, it plans to raise the annual output of molybdenum ore by 33 percent to 20,000 mt within the next five years at the Daheishan mine located in the county of Yongji, Jilin Province.
The Daheishan mine has total reserves of 1.65 billion mt of 0.066 percent grade molybdenum ore.