China's ACREI 316-member roster reveals a mine-to-machine rare earth industrial ecosystem that the West's mine-to-magnet ambitions have yet to match.
Company Profile
Xiamen Tungsten
Overview
About Xiamen Tungsten
Xiamen Tungsten Co., Ltd. (XTC) is a state-backed Chinese critical-minerals conglomerate headquartered in Xiamen, Fujian Province, and listed on the Shanghai Stock Exchange (600549). Founded in 1958, it ranks among the world’s largest tungsten producers and is a major rare-earth player, operating an integrated chain spanning mining, smelting, separation, deep processing, recycling and energy-storage materials. Its rare-earth business runs primarily through controlling subsidiary Fujian Changting Golden Dragon (Jinlong) Rare Earth, which produces rare-earth oxides, metals, luminescent materials and high-performance NdFeB permanent magnets using neodymium, praseodymium, dysprosium and terbium. The group also makes tungsten and molybdenum products, battery cathode materials and energy products. Recent developments include a US$278 million, 20,000-tonne-per-year permanent-magnet plant in Baotou and a 2023 cooperation pact with China Rare Earth Group to develop Fujian rare-earth resources, deepening its downstream magnet manufacturing.
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REEx Intelligence
Recent Articles
China Northern Rare Earth's full-element separation strategy reveals Beijing's rare-earth advantage is an integrated industrial ecosystem, not just mining
China Northern Rare Earth expands Dy-Tb separation and full-spectrum processing, widening its lead over Western rivals in critical rare earth supply chains.
China's integrated rare-earth ecosystem—from mining to magnets to robotics—is at the center of U.S.-China trade talks, reshaping how investors assess
China has shipped nearly 8,500 autonomous mining trucks and targets 10,000 by year-end, with exports to Australia, Indonesia and South America accelerating.
China supplies 85% of U.S. magnet imports, but embedded magnets in EVs, drones and motors make true dependence far larger than customs data reveal.
China's new ICP-MS standard GB/T 34500.7-2026 measures radioactive thorium and uranium in rare earth waste, taking effect December 1, 2026.
China controls the conversion layer across 20 critical minerals. REEx ranks U.S. vulnerabilities from gallium to platinum—and why mining alone won't fix it.
China's top magnet producers report rising profits and robotics expansion in 2026, while Beijing tightens export controls on rare earth magnets to Western
Laos suspended a Chinese-operated rare earth mine in 2026, exposing Beijing's hidden dependency on foreign heavy rare earth feedstock like dysprosium and
China launches $209M Xiamen Zhonglan High-Tech to accelerate rare metals commercialization, linking government capital, industry, and academia into a
China is quietly extending its rare earth supply chain into Laos through established mining ventures, government ties, and vertically integrated corporate
17th Asian Metal Rare Earth Summit reveals China rare earth dominance persists across processing, magnets & industrial ecosystems despite Western efforts
China controls 85-90% of NdFeB permanent magnet production through vertically integrated ecosystems spanning mining to manufacturing.
China controls 80% of tungsten supply chain-a strategic metal critical to defense, semiconductors & aerospace. Market analysis & insights.
Tungsten prices surge 200% as China tightens export controls, exposing a fragile tungsten supply chain critical to defense and semiconductors.
Jinlong Rare Earth doubles NdFeB magnet capacity to 10,000 tons in Baotou, reinforcing China's control over EV, wind, and defense supply chains.
Xiamen Tungsten reports record 2025 revenue of $6.4B and profit of $560M, becoming first Xiamen firm to hit ¥1 trillion market cap.
Changting County expands NdFeB magnet production with new 5,000-ton smart factory, reinforcing China's dominance in critical EV and renewable supply chains.
Jinlong Rare Earth joins China's World-Class SOE list, advancing rare earth materials with cost-cutting tech and grain boundary diffusion.
China Rare Earth Group and Fujian Industrial Holding expand strategic cooperation, tightening state control over rare earth supply chains.
Xiamen Tungsten designated as National IP Powerhouse by China, signaling strategic shift in critical materials dominance through patent control.
China launches official rare earth price index through Baotou Exchange, asserting pricing authority over critical materials amid rising costs.
China's 2026-2027 tungsten, antimony, and silver export whitelist restricts critical metal supply to 15-44 approved companies, reshaping global supply chains.
China Northern Rare Earth Group expands dominance with world's largest refining complex, 50K-ton magnet facility, and national pricing control.
China approves $650M Northern Jinlong rare earth separation plant, advancing strategic consolidation through capacity redistribution & North-South integration.
China approves $64M Northern Jinlong rare earth project using capacity-swap strategy—no new output added, but better product mix by 2026.
Northern Gold Dragon gets approval for $65.9M rare earth separation project in Baotou with 5,000 tonnes capacity under China's strategic plan.
Golden Dragon Rare Earth launches 5,000 t/yr NdFeB magnet production base in Baotou, expanding capacity and strengthening China's critical minerals strategy.
China's pioneering Baotou Rare Earth Exchange provides a transparent digital platform for spot trading rare earth products, revolutionizing the global rare ear…
China dominates over 90% of global rare earth processing, creating a strategic chokehold on critical technologies through state-backed industrial coordination.
Discover how Myanmar and China dominate the critical heavy rare earth supply chain, threatening U.S. defense capabilities and global technology infrastructure.
China's Northern Rare Earth Group leads global rare earth innovation with breakthrough technologies, strategic patents, and international standard-setting init…
Golden Dragon Rare Earth's new NdFeB magnet production facility in Baotou adds 5,000 tonnes of capacity, strengthening China's rare earth materials market lead…
China's rare earth permanent magnet industry surges with export controls, rising tech demand in robotics, and strategic investments across the supply chain.
Discover how China dominates the rare earth industry through strategic consolidation, advanced processing, and global magnet production, leaving Western nation…
Xiamen Tungsten's new Baotou facility set to produce 20,000 tonnes of NdFeB magnet production annually by 2027, reinforcing China's global market dominance.
China's export controls on heavy rare earths expose critical vulnerabilities in Western defense supply chains, sparking urgent efforts to develop alternative H…
Quam CSI Rare Metals Theme ETF tracks strategic mineral investments, reflecting China's industrial policy and green tech ambitions in critical resource sectors.
QY Research reveals the global heavy rare earth market to grow to $2.3B by 2031, with Asia-Pacific dominating 63% of market share and key players driving innov…
Explore China's strategic dominance in rare earth elements, including industry structure, government policies, and global supply chain control through state-dr…
Rare earth recycling is crucial for sustainability and supply chain security. Learn about the process, market trends, and key players in this growing industry.
