Xiamen Tungsten Co., Ltd. (XTC) is a public listed company on the Shanghai Stock Exchange. Its predecessor, Xiamen Alumina Plant, was founded in 1958. In 1982, Xiamen Alumina Plant started tungsten business, and two years later, the plant was renamed Xiamen Tungsten Products Plant. In December of 1997, Xiamen Tungsten Products Plant initiated a company reform by way of private offering of shares and changed its name to Xiamen Tungsten Co., Ltd. (XTC). In November of 2002, XTC became a listed corporation on the Shanghai Stock Exchange.
By the end of 2015, XTC owns 20 subsidiary companies, 1 Branch Company, 1 China National R&D Center for Tungsten Technology, 1 Rare Earth and New Energy Material Research Center, and 2 Post-doctoral Working Stations. XTC is one of the National Key New & High-tech Enterprises, one of the Tungsten Material Industrial Base of National Torch Program, one of the First National Developing Circular Economy Model Enterprises, as well as one of the six major Rare Earth Corporations in China.
XTC’s business covers tungsten, molybdenum, rare earth, new energy material, real estate etc. After thirty-year’s development, the company has established a complete chain of tungsten industry ranging from tungsten mining, smelting, downstream processing to tungsten secondary resource recovery. Among many of tungsten products, Tungsten wires used in lightbulb has taken up to 50% of the Global Market; Tungsten smelting, tungsten powder products and ultra-fine grained cemented carbide have been in a leading position in domestic market, and have had a certain influence in the world’s market. The company also owns a complete rare earth industrial system, which covers rare earth mining, rare earth smelting & separating, rare earth functional material (such as Rare earth permanent magnetic material, luminescent material, and storage material), research, application, etc. As for New Energy Material Segment, the company has developed two production lines so far, one for Li-ion battery cathode materials (such as Lithium cobalt oxide, Ternary cathode material, Lithium manganese oxide, Lithium iron phosphate, etc.), and the other for NiMH battery anode material (hydrogen storage alloy).
Our strategic positioning for the next five years is “take Tungsten and Rare Earth as two pillars of our company, take New Energy Material and Molybdenum products as two wings of our company, and take the Real Estate as supplement of profit for our company”. Our focus is on our employees, on our customers, on our shareholders and on our society. We aim to make XTC a place for employee to realize personal value, a place for customer to find solutions, a place for shareholder to invest in, and also a place for society to benefit from. Our policy is progression, market expansion and long-term profits. We take “Technology and management innovation” as our driving force, through cemented carbide and tungsten & molybdenum products, we make XTC stronger; through new energy materials and rare earth industrial system, we make XTC bigger; through progressive technology, we make XTC better; through management and culture reform, we make XTC robust. By means of technology innovation and management reform, we will continue to make XTC a place for technology innovation, a place for talents gathering, a place for industrial development on our way forward.
Group official website：http://www.cxtc.com/