In fact, we believe that in the field of high-end manufacturing and services, especially in areas where we have resource advantages, even if we already have products and processing technologies that can compete with advanced manufacturing countries, our comprehensive service capabilities, long-term service spirit and the ability to make the solution are the pain of the industry, which is our biggest shortcoming.

Recently, the vice-minister of Ministry of Industry and Information Technology of the People’s Republic of China and head of National Manufacturing Leading Group Office, Xin Guobin declares that the development of manufacturing industry has achieved great success since the reform and opening up of China more than 40 years ago in the 2018 National Manufacturing Expert Forum. 

According to the statistics of China Tungsten Industry Association, China's tungsten resources account for 70% of the world's total. In 2017, the production took up 84% of the world's total. The capacity of the listed company's Xiamen Tungsten located in Xiamen, Fujian Province, takes up about 20% of the whole world’s capacity. 

Analysis of latest tungsten market from ChinaTungsten Online

Margin in mine enterprises was squeezed, although limited production under Chinese environmental checks. Tungsten concentrate sellers were not willing to sell at low prices and buyers entered the market slowly. Thin trading volumes pressed down market prices. Tungsten concentrate prices declined to $15,384.6/t.