Xiamen Tungsten Co. Ltd. (600549)

Overview

Xiamen Tungsten Co., Ltd., originally known as Xiamen Wu Factory until its rebranding in December 1997, was established in 1958 and has its headquarters in Xiamen, China. The company is a major player in the non-ferrous metal industry, specializing in mining, smelting, downstream processing, and the recovery of secondary resources. Its operations are primarily focused on tungsten, molybdenum, and rare earth metals, catering to a vast range of industrial applications. Xiamen Tungsten's business activities are organized into four principal segments: Non-Ferrous Metal Products (including Tungsten and Molybdenum), Rare Earth Business, Battery Material, and Real Estate and Supporting Management. This diversified operation enables the company to harness the synergistic potential of its various divisions, ensuring stability and growth in the dynamic market landscape of China.

Products and Services

The company offers an extensive array of products and services across several key market segments:

• Tungsten Concentrates: These include WO3 (tungsten oxide), WOX, tungsten powders, WC (tungsten carbide), cemented carbide, tungsten steel, tungsten bars, tungsten wires, etc. These materials are crucial for manufacturing hard materials and are extensively used in various industrial applications.
• Tungsten Oxides: Offered in various forms, tungsten oxide is a significant product used in the production of tungsten metal and its compounds.
• Tungsten Powders and Carbide Powders: These powders are essential for the production of hardmetals and various alloys, serving industries such as machinery, automotive, mining, and construction.
• Ammonium Para-Tungstate (APT) and Cobalt Powders: APT is a primary raw material in the production of tungsten metal and its derivatives, while cobalt powders are used in superalloys and hard metals.
• Rare Earth Oxides, Metals, and Permanent Magnets: These products are crucial for high-tech and green technologies, including electronics, wind turbines, and electric vehicles.
• Phosphor Products: Used in the manufacture of display materials, lighting, and for other luminescence applications.
• Molybdenum Products: Including ammonium molybdate, molybdenum power, round blanks, molybdenum wires, crucibles, oxides, plates, and electrodes. These products are indispensable in steel alloys, electronics, and aerospace applications.
• Li-ion Battery Cathode Materials: Such as lithium cobalt oxides, ternary cathode materials, lithium manganese oxides, lithium iron phosphates, etc., along with hydrogen storage alloy powders. These materials are fundamental in manufacturing batteries for electric vehicles and portable electronics.
• Real Estate and Supporting Management: This segment involves the development of communities and office buildings, expanding the company’s investment portfolio beyond the non-ferrous metal industry.