The Xiamen Tungsten Industry announced that due to Luoyang Molybdenum's violation of the joint venture agreement, it stopped supplying tailings to the joint venture company Luoyang Yulu from June 30, 2026 and requested that sales be suspended. As a result, Luoyang Yulu completely stopped production. The company applied to the Beijing Arbitration Commission for arbitration. Currently, the arbitration application has been accepted and no court hearing has yet been held. The company's arbitration claims include ruling that Luoyang Molybdenum Industry resume supply of tailings and compensation for related losses. The amount involved is tentatively 116 million yuan. The arbitration will not have a significant impact on the company's daily production and operation, and there is still uncertainty about the impact on the company's profits.

The Xiamen Tungsten Industry announced that due to Luoyang Molybdenum's violation of the joint venture agreement, it stopped supplying tailings to the joint venture company Luoyang Yulu from June 30, 2026 and requested that sales be suspended. As a result, Luoyang Yulu completely stopped production. The company applied to the Beijing Arbitration Commission for arbitration. Currently, the arbitration application has been accepted and no court hearing has yet been held. The company's arbitration claims include ruling that Luoyang Molybdenum Industry resume supply of tailings and compensation for related losses. The amount involved is tentatively 116 million yuan. The arbitration will not have a significant impact on the company's daily production and operation, and there is still uncertainty about the impact on the company's profits.