Shaanxi Youser Group
Shaanxi Youser or Shaanxi Non-ferrous Metals Holding Group is the biggest molybdenum and titanium mining and metallurgy company in Shaanxi, China. Via subsidiaries, the company develops, manages, and operates non-ferrous metal resources, including lead, zinc, molybdenum, aluminum and titanium products, among others.
Corporate affairs
Shaanxi Non-ferrous Metals Holding Group Co., Ltd. was established in 2000 by the Shaanxi provincial government to consolidate key regional mining and metallurgy operations. Its core assets include controlling stakes in two major enterprises: Jinduicheng Molybdenum Co., Ltd., one of Asia’s largest producers of molybdenum, and Baoti Group, a leading manufacturer of titanium and titanium alloy materials.Although Jinduicheng Molybdenum is a publicly listed company on the Shanghai Stock Exchange, Youser Group holds a controlling interest of approximately 72% as of 2024, making it a key subsidiary of the group.
History
Shaanxi Youser Group was established in 2000 through the reorganization of state-owned assets in the non-ferrous metals sector by the Shaanxi provincial government.In 2012, Youser partnered with the Shaanxi provincial government to form a joint venture aimed at financing the resettlement of residents displaced by industrial development. The total project cost was US$950 million, with Youser initially contributing two-thirds of the funding. The company later provided an additional US$475 million through debt financing.