Jiangxi Rare Metals, H.C. Stark Build Joint Venture Tungsten Plant

Metal Powder reported Jiangxi Rare Metals Tungsten Group Holding Co Ltd (JXTC) and H.C. Starck have created a joint venture plant.

As quoted in the market news:

The plant, which will begin production in late 2013, will make tungsten metal powders and carbides exclusively for the Chinese market.

The companies say that the joint venture will contribute to preserving resources and creating sustainable development in the Chinese tungsten industry. The joint venture will also strengthen H.C. Starck’s raw material supply chain. The facility will create about 400 new jobs.