Chinese moly and tungsten producer mulls expansion

China's Shandong Guangming Tungsten & Molybdenum is considering investment in new smelting facilities to supply feedstock for its downstream molybdenum and tungsten operations.

"Any expansion undertaken is expected to be initially limited to smelting production in molybdenum due to the better market prospects. We will consider investing in tungsten smelting facilities at a later stage," a source in the company's export department said.

As a first step, Shandong Guangming has...


July 30, 2003

09:10 GMT