Asian Metal visits Chaozhou Xianglu Tungsten Industry Co.,Ltd

On March 22, Asian Metal visited Chaozhou Xianglu Tungsten Industry. Emily Zhang, analyst of Tungsten of Asian Metal visited the APT and tungsten carbide powder plants in the company and had friendly conversation with Mr. Chen Qifeng, president of the company.

Founded in 1997, Chaozhou Xianglu Tungsten Industry Co.,Ltd, is not only a key high-technological enterprise of national Torch Plan, but also an outstanding private company for the production of Ammonium Paratungstate and Blue/Yellow Tungsten Oxide with a capacity of 5,000 tpy, and Tungsten Metal and Carbide Powder every 4,000tpy. As one to the top 13 enterprises with Tungsten product export quotas in China, each production of Tungsten for export are certified by The Ministry of Commerce of P.R.China. Its WC exporting quantity has been the No. 1 in China for many years.

President Chen stated that although tungsten market runs slowly with APT stocks increasing, there is a balance between the supply and the demand in the overall market. The company increased the production capacity of fine-grain tungsten carbide powder last year but the supply cannot meet the need now. Major clients both at home and abroad as the famous hard alloy cutter producer United States Kennametal, South Korean TaeguTec of IMC, held by Buffet and IMC International Metal Cutting (in Dalian) keep relatively stable purchase activity. Mr. Chen has enough confidence in tungsten market in the second half of the year and believes that technological advance and products superiority are keys to Chinese tungsten market development.