The output of tungsten concentrate in the first quarter of medium tungsten high-tech reached a record high in the same period.

SMM News: according to the China Tungsten Association, in 2019, under the background of the obvious decline in the tungsten industry as a whole, medium tungsten high-tech management enterprises have achieved counter-trend growth, with operating income of 10.1 billion yuan and current profits of 520 million yuan, with a compound growth rate of 3% and 20% respectively in the past three years. From January to March 2020, cumulative tungsten concentrate production increased by 5% compared with the same period last year, setting a record high for the same period since the establishment of the company; cumulative APT production increased by 26.4% compared with the same period last year; and cumulative cemented carbide production increased by 1.93% over the same period last year. The total profit increased by 102.59% over the same period last year, reaching 25.3% of the annual budget target, exceeding the time schedule target and achieving a good start to the first quarter of production.

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