Xiamen Tungsten Industry Forms the Development Pattern of "One Main and Two Wings"

Xiamen Tungsten Industry is forming a development pattern of “one main and two wings”. The tungsten business has completed the layout of the complete industrial chain from mining and smelting to tungsten-molybdenum wire and cemented carbide. In the next few years, it will focus on the development of connotation and rely on hard The alloy is strong and excellent in tungsten business. At the same time, molybdenum products and new energy materials will become the two wings of future development. At present, the company's tungsten smelting, tungsten powder and tungsten wire business are in a relatively stable pattern. The company's tungsten business is mainly dependent on the development of the cemented carbide business. The current production capacity is 1,000 tons and 80% of the products are exported. In 2008, the actual production of hydrogen storage alloy powder exceeded 2,000 tons, and the market share was about 25%. It is expected that the production capacity of hydrogen storage alloy powder and lithium ion material in the company will increase by 10% and 30% respectively in 2009. At present, the quality of the company's rare earth hydrogen storage alloy has reached the world's advanced level, and has successfully entered the world-renowned battery companies. It is also the only enterprise in China that can export rare earth hydrogen storage alloy products for hybrid vehicle batteries.

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