Jiangxi Tungsten plans to build tungsten reserve; follows China Molybdenum

Jiangxi Tungsten Industry Group, China’s largest tungsten producer said on Monday August 3 that it planned to use one billion yuan ($161.06 million) to build its tungsten concentrate reserves.

The company also said that it would limit its output of tungsten concentrate and restrict its sales volume from now on.

“We think the current market price of tungsten concentrate is very low, lower than production costs, so it’s a good time to buy,” a company official from Jiangxi province told Metal...

Published

Rena Gu

August 03, 2015

09:36 GMT

Shanghai