Pgma's APT output hits record high in Nov
2018-12-27 17:38:50 [Print]
It's reported that the tungsten company under CNMC (Guang Xi) Pgma Co., Ltd. produced 420t of APT in November, going up by 9% MOM and hitting record high of 2018.
As a major business unit of CNMC (Guang Xi) Pgma Co., Ltd., the tungsten company was put into pilot production in 2017 and filled in the gap of deep processing tungsten products in Guangxi. With a total investment of over RMB2 billion, the tungsten products deep-processing technological upgrading project is the first key program of CNMC in Guangxi. The first phase receives an investment of over RMB600 million and is expected to produce 5,000t of APT, 3,000t of tungsten powder and 1,000t of tungsten carbide powder every year. After the project is completed, it's predicted that the production value would reach RMB1.5 billion and taxes and profits would reach RMB250 million.
As a major business unit of CNMC (Guang Xi) Pgma Co., Ltd., the tungsten company was put into pilot production in 2017 and filled in the gap of deep processing tungsten products in Guangxi. With a total investment of over RMB2 billion, the tungsten products deep-processing technological upgrading project is the first key program of CNMC in Guangxi. The first phase receives an investment of over RMB600 million and is expected to produce 5,000t of APT, 3,000t of tungsten powder and 1,000t of tungsten carbide powder every year. After the project is completed, it's predicted that the production value would reach RMB1.5 billion and taxes and profits would reach RMB250 million.
Tungsten APT 88.5%min In warehouse Rotterdam
Unit:USD/mtu
China APT Producers' inventory statistics by province by month
Unit: mt
