In recent years, Ganzhou insist on the core of industrialization and as the starting point of the project construction. Do his best to keep tungsten resources brand well ,like “World tungsten” “Rare Earth Kingdom” and so on. Focuse on the main industrial bases, to build the characteristics and advantages of industrial clusters.

Learned on the "two sessions" in Ganzhou, 2012, Ganzhou increase resource integration efforts, to promote access to rare earth industry, the formation of a national technology innovation business model, identified through the provincial level, technology innovation has been increasing; Australia Keta high performance hardfacing material of tungsten-based spraying powder coated blade, tungsten, molybdenum, Sinovel new material Co., ultrafine tungsten powder, the Minmetals Donglin two energy-saving lamps and other project has built and put into operation, and to promote the production chain to the deep processing and high-end applications direction extending ganzhou is listed as the only rare earth development and utilization of pilot cities. 2012, Ganzhou Rare Earth, tungsten materials, and other strategic emerging industries is expected to achieve the main business income of 680 billion yuan, an increase of 20%, is steadily forward to the billion dollar industry targets.

Ganzhou City in 2013, will focus on building national rare metals industrial base, advanced manufacturing base, pay close attention to Maintain industrial planning. Rare Earth special rectification in accordance with the law, and resolutely crack down on the illegal exploitation behavior. Further promote the integration of the rare earth industry, mainly in Ganzhou Rare Earth Group, to build a large-scale enterprise groups of China Southern Rare Earth. Advancing precious metals futures trading center construction, build Ganzhou rare earth, tungsten trading center and distribution center.

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Tungsten concentrate prices are expected to gradually rise. By the sluggish downstream demand, the weak trend of prices of non-ferrous metals, carbide as the main downstream tungsten concentrate continued to fall since 2012, the recent 65% wolframite mainstream transaction price stabilized at 113,000 yuan / ton. Taking into account the industry restrictive mining policies continue to strengthen, March domestic enterprises gradually started to bring increased stocking requirements, prices are expected to gradually rise. Long term, continue to promote urbanization will constitute support the demand for high-end carbide as tungsten industry leader, the company's future resource value is huge room for improvement. 

The carbide and Cicai gradually put into operation. The company's high-end NdFeB 2013 production capacity of 2,000 tons, part of the new energy supply to the downstream motor vehicle customers, into the production season, magnetics downstream enterprise orders will ring than to improve the level of short-term positive company earnings improved. In addition, a project the scale of construction in Jiujiang Golden Heron Carbide for an annual output of 3,000 tons of tungsten powder and 2,000 tons of carbide, is expected to put into operation by the end of 2013, the source of profits rely mainly on tungsten alloy bar, high-end products CNC blade and PCB micro-drilling business contributed little to the overall profit of the company. 

Rare Earth integration is expected to enhance the management's confidence. Of Fujian Rare Earth Group in December 2012, the average price of 28.13 yuan / share holdings of shares of 119.47 million shares, accounting for 0.175% of the share capital, and plans to continue to choose the holdings in the next 12 months, according to the market, the proportion of the total share capital between 0.5% to 2%. One of the main integration platform as the the global tungsten industry leaders and the heavy rare earth resources, large shareholder's holdings that have confidence in the company's future prospects. 

Earnings forecasts. The company expects EPS for 2012-2014 were 0.77, 0.93 and 0.20, respectively, corresponding to 53,44, and 34 times the current share price PE valuation higher than the industry average, the specific rating please pay attention to the follow-up report.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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The annual revenue of tungsten industry in Ganxian County reached 6.62 billion dollars in 2012 with year-on-year growth increased by 26.9%. Tungsten industry contributed 7.5 percent to the overall industrial output. Tungsten industry is undoubtedly becoming the leading force of the county’s economic growth, as it were. 

To further develop and improve tungsten industry, local government started with the integration and planning of the county’s tungsten mines, with a view to optimize the available resources. By strengthening cooperation with large institutions like Jiangxi University of Science and Technology, National Tungsten Inspection Center, Municipal Technology Innovation Center and Academy of Science, local government expected to increase the additional value and extent the industrial train of tungsten. Afterwards, local government focused on strengthening the leading enterprises which are of great capacity and potential like Duanxin Material Yuanchixin Material, Jiangwu Tungsten Alloy, with which local government provided preferential policies in finance, water and electricity supplies and talents. To boost the development of these leading enterprises, government agreed to give them priority in offering raw materials, and optimized the resource so as to make them flow into these bellwethers. Meanwhile, government has accelerated, innovation in technology, and has well managed finance to stimulate these enterprises to expand production and upgrade technique and commercialize technological results.    

There are 10 enterprises specializing in tungsten process of which annual revenue has exceeded billion yuan and 4 exceeded 10 million yuan at present.

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March 4, Central Geological Prospecting Fund Management Center in Nanchang, and the Office of Land and Resources jointly held a program review will be prospecting seminar-cum-implementation of uranium, copper tungsten breakthroughs in key areas of Jiangxi Province, experts and scholars from across the country attended the meeting. Vice Governor Yao Mugen, attended the meeting and delivered a speech.

Uranium, copper, tungsten ore is the dominant mineral in Jiangxi Province, and played an important role in its economic construction in Jiangxi Province. Decades, Jiangxi Province submitted uranium reserves ranking first, exploration and development of copper resources to promote the national copper industry bases in Jiangxi Province, the cumulative proven reserves of tungsten ore forefront of the nation. It is understood that the Central Geological Prospecting Fund Management Center Jiangxi Province, uranium, copper, tungsten mine as breakthroughs in key areas designed to select key areas, and strive to put in more money in a relatively short period of time, and strive to achieve prospecting the fast break, Jiangxi better provincial mineral resource advantages into economic advantages.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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