Xiamen Tungsten realizes RMB453 million of net profit in H1 2017

Xiamen Tungsten released Semi-annual Performance of H1 2017 on late 9 August.Asian Metal Copyright The company realized RMB6.Asian Metal Copyright The company realized RMB6.Asian Metal Copyright .Asian Metal Copyright181 billion of revenue in H1 2017, up by 76.Asian Metal Copyright The company realized RMB6.Asian Metal Copyright62% YOY; RMB453 million of net profit, up by 562.Asian Metal Copyright With the influence of anti illegal business on rare earth and State Resource Bureau’s purchase, prices for rare earth are expected to increase and the company’s profit are expected to get better in H2 2017.Asian Metal Copyright12% YOY.Asian Metal Copyright181 billion of revenue in H1 2017, up by 76.Asian Metal Copyright As for H2 2017, the company believes with increasingly strict environmental protection inspections, tungsten production is difficult to be resumed and the supply of tungsten concentrate are unlikely to release, so prices for tungsten concentrate are expected to edge up.Asian Metal Copyright .Asian Metal Copyright With the influence of anti illegal business on rare earth and State Resource Bureau’s purchase, prices for rare earth are expected to increase and the company’s profit are expected to get better in H2 2017.

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