Jiangxi Xinsheng Tungsten — a subsidiary of China's major tungsten producer Jiangxi Tungsten — is on track to launch a production facility for ammonium paratungstate (APT) and tungsten trioxide in November.
The project has a capacity of 5,000 t/yr for APT and 1,000 t/yr for tungsten trioxide, costing 500mn yuan ($70.7mn). The firm started construction on 28 July 2018 and the plant began trial operations three months ago.
Xinsheng Tungsten currently produces 3,000-4,000 t/yr of APT, with wolframite concentrate coming from Jiangxi Tungsten.
Prices for 88.5pc APT were assessed at Yn140,000-142,000/t yesterday, down from Yn142,000-145,000/t on 22 October, on weaker buying interest from downstream consumers. Prices are expected to fall further as some producers sell off more stocks.
