5 Largest Magnesium Producing Companies and Best Magnesium Stocks To Buy

3. Jinduicheng Molybdenum Co., Ltd. (601958.SS)

Market Capitalization: $5.03 billion (CNY 36.53 billion)

Jinduicheng Molybdenum Co., Ltd. (601958.SS) is a Xi’an, China-based enterprise founded in 2007 that is focused on mining and processing molybdenum, tungsten, and other metals.

Jinduicheng Molybdenum Co., Ltd. (601958.SS) has a magnesium production subsidiary called Shaanxi Yulin Wanyou Magnesium Industry Co. Ltd. The company operates magnesium mines in the Shaanxi province with significant reserves in its portfolio. Additionally, Jinduicheng Molybdenum Co., Ltd. is involved in the production of magnesium alloy profiles. Jinduicheng Molybdenum Co., Ltd. (601958.SS) had a top line of $1.31 billion (CNY 9.5 billion) and a net income of $68.14 million (CNY 494.79 million) in 2022.