XTC COMPANY PROFILE
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 2016, XTC owns 26 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 specializes in producing, selling and doing R & D in various tungsten series including tungsten concentrate, semi product of tungsten molybdenum, powder product, wire plate, cemented carbide and cutting tools, various rare earth material and new energy material including rare earth oxide, rare earth metal, rare earth luminescent materials, magnetic materials and lithium battery materials, etc.
XTC has a complete tungsten industrial chain from own tungsten molybdenum mine, melting, deep processing end up to secondary resources recovery of tungsten molybdenum, and it also equipped with a complete rare earth industrial system which including development of rare earth mining, smelting processing, new rare earth material and scientific application.
XTC has been focusing on technology development since its establishment, striving for superior technology, constantly improving the industrial structure, developing new areas for market growth, enhancing capacity for sustainable development, and making relentless efforts to become a word-class corporation with unparalleled competitiveness.