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The tungsten industry as a whole is improving, and tungsten prices have entered the upward channel. China accounts for nearly 70% of the global tungsten resource reserves, accounting for nearly 80% of the global tungsten supply. However, due to the fact that China's tungsten products are mainly junior and intermediate products, they do not enjoy the monopoly profits brought by monopoly resources. Today, with the increasingly prominent strategic significance of tungsten, China's strategy of protecting and exploiting tungsten resources, while at the same time continuously increasing the concentration of tungsten industry, the global tungsten market is in an orderly tightening situation. At home and abroad, the economy has stabilized, and demand for tungsten has also been heating up. The global tungsten industry as a whole is improving, and tungsten prices are entering the upward channel. Since the beginning of the year, tungsten concentrate and APT prices have increased by 8.9% and 8.2% respectively.
The main business grew steadily. The company's tungsten and molybdenum metal business in the tungsten industry as a whole, the production and sales volume and price rebound rapidly, while the production of high value-added cemented carbide products will have a big breakthrough in 2010, the profit of tungsten metal business is expected to return quickly; The new material products are mainly battery materials. At present, the production status is in short supply. At the same time, the company is relying on Longyan Rare Earth Mine to establish a rare earth industrial park to build a rare earth industrial production line integrating rare earth smelting, deep processing and application. The development potential is worth looking forward to and will become The company's profitability is a new growth point; the company's real estate business will have a decline in revenue due to fewer properties entering the settlement period in 2010, and in 2011, more real estate performance due to settlement is more impressive.
The leading industry in the tungsten industry. As the leading domestic tungsten industry, the company is also the world's largest tungsten production enterprise. It has advantages in the field of tungsten deep processing. The company's core competitiveness mainly has three aspects: 1) One body and two wings, the industry chain is complete. The business model is based on tungsten and molybdenum metal, which is supported by new energy materials and real estate business. The company has a complete industrial chain integrating mining, metallurgy and deep processing in the middle and lower reaches; 2) The product market share is high. The company's products cover the intermediate and intermediate products and deep processing products in the tungsten industry chain. The production and export of tungsten and molybdenum products ranks first in the country. The production and sales volume of tungsten and molybdenum wire accounts for more than 60% of the country's total. The annual export volume accounts for more than 35% of the country's total. The company ranks among the top three in China, and its cemented carbide production ranks among the top three in the country. 3) The company makes full use of China's resource advantages of tungsten, molybdenum and rare earth, and strengthens the company through the rapid development of hard alloy and tungsten-molybdenum deep processing products. Through the formation of the energy new material industry chain and the growth of production and sales, the company will grow bigger and the development prospects are worth looking forward to.