Xiamen Tungsten

According to 36Kr, CMOC (China Molybdenum Company) issued a statement regarding an arbitration case filed by Xiamen Tungsten about tungsten production at Yulu Mining. The statement says their 2001 joint venture contract did not set explicit tungsten production quota indicators, and CMOC is not obligated to include such quotas in its management indicators; regulators have tightened supervision of tungsten quotas, and CMOC has been unable to obtain agreement on a revised cooperation model after communicating with Xiamen Tungsten this year.