Producer

Xiamen Tungsten Co., Ltd.

600549.SSHQ CN · Fujianwebsite ↗

Major Chinese integrated tungsten producer (APT, powder, carbide) — part of the China-dominated tungsten supply chain.

3

Inputs supplied

3

Goods downstream

0

Facilities

0

Stories

What they make

3 inputs Xiamen Tungsten Co., Ltd. supplies

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Goods downstream

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What else they do

Business segments

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  • Tungsten Mining, Chemicals & Powder

    35%
  • Hard Metals & Cutting Tools

    28%
  • Rare Earth Materials (Fujian Rare Earth Group subsidiary)

    25%
  • Energy Materials

    12%

Intelligence

What's known

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  • Did you know2024

    Xiamen Tungsten simultaneously controls two of the most strategically sensitive materials on the US Department of Defense Critical Materials List: tungsten (for armor-piercing ammunition, cutting tools for defense manufacturing, and shielding) and rare earth elements (for permanent magnets in missile guidance actuators, radar systems, drone motors, and F-35 fighter jet components). Xiamen Tungsten's Fujian Rare Earth subsidiary mines and processes neodymium and dysprosium — the rare earth elements in the NdFeB magnets that go into F-35 landing gear actuators (a 2012 controversy discovered this supply chain). The same Chinese State-Owned Enterprise subsidiary that controls Chinese rare earth output also controls Chinese tungsten output: two materials that underpin both the clean energy transition (EV motors use NdFeB; aerospace manufacturing uses tungsten carbide tooling) and US/NATO military readiness (rare earths in guidance systems; tungsten in penetrators) flow through a single Fujian company under ultimate Chinese government supervision.

    U.S. Geological Survey
  • Concentration2023

    China controls approximately 80% of global tungsten mine production and 85-90% of APT (ammonium paratungstate, the primary tungsten chemical precursor) processing capacity — with Xiamen Tungsten, CTIA (China Tungsten & Hightech), and four other state-authorized mining groups controlling Chinese supply under a national quota system administered by China's Ministry of Industry and Information Technology (MIIT). In 2023, China announced export controls on gallium and germanium semiconductor materials as a trade-war counter-measure; tungsten is frequently mentioned as the next potential export control target. A Chinese tungsten export restriction analogous to the gallium/germanium controls would simultaneously affect: US military tungsten-based kinetic energy penetrator ammunition production, Western semiconductor fab equipment (tungsten PVD targets for chip fabrication), and the cutting tool supply chain for aerospace and automotive manufacturing — through a single national quota decision in Beijing.

    Reuters
  • Origin2024

    Xiamen Tungsten Co., Ltd. was established in 1958 in Xiamen, Fujian Province — originally as a state tungsten processing enterprise — at a time when China's tungsten mining industry was expanding to supply both domestic industrialization and Soviet bloc industrial needs during the Sino-Soviet cooperation period. Fujian and Jiangxi provinces hold China's largest wolframite (tungsten ore) deposits. Xiamen Tungsten was restructured as a joint-stock company in 1997 and listed on the Shanghai Stock Exchange in 2002. The company subsequently expanded by merging with Fujian Rare Earth Group, creating an unusual dual-mission company that simultaneously controls Chinese tungsten (critical for defense and cutting tools) and rare earth production (critical for permanent magnets in EVs and wind turbines) — both materials on the US and EU Critical Materials lists, flowing through a single Fujian State-Owned Enterprise.

    Xiamen Tungsten Co., Ltd.