Xiamen Tungsten (600549.SH): The subsidiary, Baotou Jinlong, has completed the construction and put into production the first phase of the 5000-ton high-performance neodymium-iron-boron magnetic material project.

The Zhitong Finance APP reports that Xiamen Tungsten Industry (600549.SH) has announced that as of now, the "5,000-ton (first phase) high-performance neodymium iron boron magnetic material project" constructed by Baotou Jinlong Investment has completed the construction of the factory building, installation and debugging of machinery and equipment, trial operation of the production line, and has recently started production. The new generation of intelligent production lines used in this project can further improve equipment efficiency and labor efficiency. After the project fully reaches production capacity, the company's gross production capacity of magnetic materials will increase to 20,000 tons.