XTC's South Korean tungsten oxide production base put into operation
2024-05-24 11:59:28 [Print]
On May 23, the completion ceremony for a recycled resource production base of TUNGAMOY METALS INC, a wholly-owned subsidiary of Xiamen Tungsten Co., Ltd. (XTC), was held at Saemangeum Korea-China Industrial Cooperation Complex in South Korea.
With a total investment of around RMB80 million (USD11.04 million), the production base covers a land area of nearly 10,000 square meters and has a total floor area of 5,000 square meters, and when fully operational, it will be able to produce 1,500 tonnes per annum of tungsten oxide. Construction of the project kicked off last year and was completed in May 2024.
As the project comes on stream, South Korea will have a more stable supply channel and a healthier supply chain for the raw material of tungsten. Xiamen Tungsten expects a further recycling expansion in overseas markets and will position TUNGAMOY METALS as an important strategic stronghold to boost the recycling capacity of tungsten resource.
With a total investment of around RMB80 million (USD11.04 million), the production base covers a land area of nearly 10,000 square meters and has a total floor area of 5,000 square meters, and when fully operational, it will be able to produce 1,500 tonnes per annum of tungsten oxide. Construction of the project kicked off last year and was completed in May 2024.
As the project comes on stream, South Korea will have a more stable supply channel and a healthier supply chain for the raw material of tungsten. Xiamen Tungsten expects a further recycling expansion in overseas markets and will position TUNGAMOY METALS as an important strategic stronghold to boost the recycling capacity of tungsten resource.
Tungsten Oxide WO3 99.95%min EXW China
Unit:RMB/mt
China tungsten carbide producers' suspension number statistics by province by month
Unit: pcs
