BUSINESS

TUNGSTEN, MOLYBDENUM, RARE EARTH AND NEW ENERGY MATERIALS

Tungsten Field: XTC stands as the tungsten material industry base under the National Torch Plan, having a complete tungsten industry chain.

Rare Earth Field: Recognized as one of the leading enterprises authorized by the State Council to support the establishment of large-scale rare earth enterprise groups, XTC possesses a scale and technological level that ranks among the top in China.

New Energy Materials Field: A highly competitive new energy materials production base in China, XTC is also a key supplier in the field of new energy materials.

The main enterprise, Xiamen Tungsten Co., Ltd., has 32 holding subsidiaries and branches. It hosts a National Tungsten Materials Engineering Technology Research Center, a National Local Joint Engineering Research Center for High-End Energy Storage Materials, a Fujian Rare Earth Materials and Application Engineering Research Center, and five postdoctoral workstations. Recognized as a national high-tech enterprise and a tungsten material industry base under the National Torch Plan, it is among the first batch of demonstration enterprises for the development of a circular economy. Additionally, Xiamen Tungsten is part of the "Double Hundred Enterprises" determined by the State Council and is a leading enterprise approved by the State Council to support the establishment of large-scale rare earth enterprise groups.

With a strategic focus on three core domains—tungsten and molybdenum, rare earths, and new energy materials—Xiamen Tungsten has crafted a comprehensive industry chain that incorporates numerous internationally leading technologies. This encompasses tungsten mining and selection, tungsten and molybdenum smelting, tungsten and molybdenum powder production, hard alloys, tungsten and molybdenum wire products, cutting tools, and other deep processing applications and recycling. The company has successfully instituted a rare earth industry chain covering rare earth mining, rare earth separation and smelting, as well as the application and R&D of rare earth permanent magnet materials, luminescent materials, optoelectronic crystals, etc. Notably, Xiamen Tungsten has established a pioneering rare earth development model propelled by focusing on deep processing manufacturing. In the realm of lithium-ion cathode materials, including ternary materials, lithium cobalt oxide, and lithium iron phosphate, Xiamen Tungsten has nurtured cutting-edge research and development (R&D) and large-scale manufacturing capabilities. Consequently, it has positioned itself as a leading supplier within the lithium-ion cathode materials sector.

The company has garnered significant recognition, amassing a total of 177 national, provincial, and industry science and technology awards, as well as product honors. Among these accolades are a first prize for national scientific and technological progress, a second prize for national technological invention, and two second prizes for national scientific and technological progress. Xiamen Tungsten has been at the forefront of pioneering core material technologies, such as the key technology for the utilizaiton of difficult-to-smelt tungsten resources and the industrial manufacturing technology of ultrafine hard alloy using purple tungsten in-situ reduction method , thereby establishing a competitive advantage in material technology. Additionally, the company undertakes over 300 national science and technology projects at all levels, including major national science and technology initiatives and national key research and development plans.

Looking ahead, Xiamen Tungsten envisions building a platform for talent gathering, technological innovation, and industrial development over the next five to ten years. The company will continue to adhere to the strategic positioning of "focusing on the three core businesses of tungsten and molybdenum, new energy materials, and rare earths." It is committed to the corporate policy of "seeking progress while maintaining stability, expanding the market, and achieving long-term benefits," with a focus on "technological innovation, management innovation, and mechanism innovation" as the driving force. Xiamen Tungsten aims to become an international first-class technology innovation-oriented enterprise.

FUJIAN METALLURGY(HOLDING) CO.,LTD.

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