Achievements of Xiamen Tungsten Company in H1 increases significantly year on year
2011-07-19 14:21:28 [Print]
Shares of Xiamen Tungsten Co., Ltd increases 1.82% to RMB43.65 now. According to the performance report of the company in H1 this year, the operating results of the company in the reported period of time increased significantly year on year. As for the reasons, it includes: firstly, the sales prices of tungsten concentrate as well as the tungsten powder products rose sharply, and the profits of tungsten powder products and subordinate mines companies grew obviously; secondly, China strengthened its management of the rare earth industry, and some enterprises increased their inventories of the rare earth while some of the middlemen tried to speculate by stockpiling, so sales prices of rare earth products rose violently and companies made great profits from the rising prices.
Tungsten Powder 99.95%min 2.5-7.0μm EXW China
Unit:RMB/kg
China APT Producers' suspension number statistics by province by month
Unit: pcs
