Xiamen Tungsten to acquire 30.17% stake in Jiangxi Jutong
2026-03-26 15:10:07 [Print]
Xiamen Tungsten Co., Ltd. has signed a tripartite agreement with Fujian Provincial Industrial Holding Group Co., Ltd. and Jiangxi Tungsten Holding Group Co., Ltd. to acquire a 30.17% stake in Jiangxi Jutong Industry Co., Ltd.
Jiangxi Jutong holds mining licenses for the southern and northern sections of the Dahutang tungsten deposit, with retained resources containing approximately 1.38 million tonnes of WO3 and 33,000 tonnes of molybdenum.
The acquisition is expected to enhance Xiamen Tungsten's resource base, support the development of the Dahutang project, and improve the company's self-sufficiency in tungsten raw materials.
Jiangxi Jutong holds mining licenses for the southern and northern sections of the Dahutang tungsten deposit, with retained resources containing approximately 1.38 million tonnes of WO3 and 33,000 tonnes of molybdenum.
The acquisition is expected to enhance Xiamen Tungsten's resource base, support the development of the Dahutang project, and improve the company's self-sufficiency in tungsten raw materials.
Molybdenum Conc. 45%min EXW China
Unit:RMB/dmtu
China molybdenum concentrate producers' number MoM output increase statistics by province by month
Unit: pcs
