I'm LongbridgeAI, I can summarize articles.Xiamen Tungsten Industry announced that due to CMOC's violation of the joint venture contract by stopping the supply of tailings, Luoyang Yulu has ceased production and has applied for arbitration with the Beijing Arbitration Commission. The case has been accepted, with the amount involved tentatively estimated at 116 million yuan. The company stated that this is a legal protection of rights, and given that the case has not yet been heard, there is uncertainty regarding the impact on profits
According to the Zhitong Finance APP, Xiamen Tungsten Co., Ltd. (600549.SH) announced that the company has applied for arbitration with the Beijing Arbitration Commission regarding Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. (referred to as "Luoyang Molybdenum") for violating the provisions of the "Joint Venture Contract for the Establishment of Luoyang Yulu Mining Co., Ltd." The violation involves stopping the supply of tailings to Luoyang Yulu Mining Co., Ltd. (hereinafter referred to as "Luoyang Yulu"), resulting in a complete production halt at Luoyang Yulu. The company recently received the acceptance notice from the Beijing Arbitration Commission [(2026) Jingzhong Case No. 08572]. The amount involved in the case is tentatively calculated to be a total of 116 million yuan (calculated until August 31, 2026).
In this arbitration case, the company is the applicant, and this arbitration is a legal action taken by the company to protect its rights. Given that the case has not yet been heard, the impact on the company's current and future profits is uncertain, and the final actual impact will depend on the arbitration results and final execution