• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Critical Minerals Market
    Critical Minerals News
    Critical Minerals Stocks
    • Critical Minerals Market
    • Critical Minerals News
    • Critical Minerals Stocks
    market news

    Xiamen Tungsten Stocks Jump

    Investing News Network
    Aug. 08, 2012 02:19PM PST
    Critical Minerals Investing

    Bloomberg reported Xiamen Tungsten Co. (SHA:600549) rose to the highest in more than a month after the company said it will accelerate development of its rare earth business.

    Bloomberg reported Xiamen Tungsten Co. (SHA:600549) rose to the highest in more than a month after the company said it will accelerate development of its rare earth business.

    As quoted in the market news:

    The stock jumped by the 10 percent daily limit to 46.06 yuan, the highest close since June 20. China’s benchmark Shanghai Composite Index added 0.2 percent.

    The southeastern province of Fujian asked the company to take a leading role in helping to promote development of the region’s rare earth industry, Xiamen Tungsten said in a statement to Shanghai’s stock exchange late yesterday. Fujian wants to consolidate the industry by the end of this year and to foster a rare-earth company with 20 billion yuan ($3.1 billion) of output by 2015, the company said.

    Click here to read the full Bloomberg report.

    market newschinaxiamen tungsten
    The Conversation (0)

    Go Deeper

    AI Powered
    Tungsten cylinders.

    Tungsten Surge: Fresh Investment Horizons

    light bulb in ocean with jellyfish

    How to Invest in Tungsten Stocks

    Latest News

    Apex Resources: Strategic Critical Minerals Assets in North America Focused on Tungsten and Lithium

    Kerrie Matthews Appointed Managing Director & CEO

    Locksley Resources Limited Kerrie Matthews Appointed Managing Director and CEO

    80 Mile PLC Secures 3 Strategic MOUs with Fortune 500 Energy Group, Ludoil, and JEnergy and moves to 100% of Ferrandina Biofuels Plant

    Appointment of Financial Adviser and Sponsor

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES