According to CoinMeta, Xiamen Tungsten Industry announced that it had previously applied to the Beijing Arbitration Commission for arbitration regarding Luoyang Molybdenum Industry's violation of the joint venture contract by stopping the supply of tailings to Luoyang Yulu, which led to its production halt. The amount involved is temporarily estimated at 116 million yuan. Recently, as Luoyang Molybdenum Industry applied to the Fourth Intermediate People's Court of Beijing to confirm the validity of the arbitration agreement, claiming that there was no arbitration clause in the "Supply Contract" and that the Beijing Arbitration Commission had no jurisdiction over the disputes arising from this contract, the Beijing Arbitration Commission decided to suspend the arbitration proceedings. The subsequent procedures will be determined after the court makes a ruling. Since the case has not yet been heard, the impact on the company's profits remains uncertain.