Xiamen Tungsten Industry announced on September 21 that the company applied for arbitration with the Beijing Arbitration Commission on the matter that Luoyang Luanchuan Molybdenum Group Co., Ltd. violated the “Joint Venture Contract for the Joint Establishment of Luoyang Yulu Mining Co., Ltd.” and stopped providing tailings to Luoyang Yulu Mining Co., Ltd., which led to the complete cessation of production in Luoyang Yulu. The total amount of money involved in this arbitration case is a provisional total of 116 million yuan. Recently, the company received a notice of acceptance from the Beijing Arbitration Commission. Since the case has not yet been tried, there is uncertainty about the impact on the company's current and future profits.

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