China's Haisheng to build tungsten plant in Thailand

Spanish Market: Metals
18/10/24

Chinese tungsten producer Ganzhou Haisheng is on track to build a new plant in Thailand after receiving approval from the local government earlier this month.

The project, with a total investment of 180mn yuan ($25mn), is designed to have production capacity of 3,000 t/yr for ammonium paratungstate (APT), 2,000 t/yr for tungsten powder, 1,200 t/yr for tungsten carbide, 400 t/yr for tungsten bar and 300 t/yr for cemented carbide.

Haisheng has not confirmed when the project will be completed and put into production. The firm currently has production lines from ores to downstream products including powder, metal and wires in China.

More Chinese tungsten producers that have sizeable export businesses are likely to develop projects outside China in the future. Trade conflicts between China and the US may hit Chinese tungsten exports in the longer term, especially after the US imposed a 25pc tariff on Chinese tungsten from 27 September.

Chinese exports of tungsten products totalled 11,718t of tungsten metal equivalent in January-August, down by 12pc on the year, customs data show.

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18/10/24

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17/10/24

Taiwan’s TSMC revenue up in 3Q on AI chip demand

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Barrick’s quarterly Cu output up in 3Q but down on year

17/10/24

Barrick’s quarterly Cu output up in 3Q but down on year

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India's OMC raises October chrome ore base prices

17/10/24

India's OMC raises October chrome ore base prices

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Asian 4Q steel, scrap prices may rise on firmer demand

17/10/24

Asian 4Q steel, scrap prices may rise on firmer demand

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