Shanghai Nonferrous Metals News
Zhangyuan Tungsten’s H1 2021 report forecasts net profits attributable to shareholders of the listed company at RMB34-47 mln. On 14th July, the company quoted its wolframite concentrate (WO3>55%) at RMB101,500/t, a rise of 20% over the past six months.
Zhangyuan Tungsten is an integrated producer with a complete industrial chain across mining, APT smelting, powder making, cemented carbide making and trading. The company has six captive mines with tungsten resource reserves of 74.3 kt (in metal), capable of sustaining 30 years of operation.