The tungsten business of Minmetals Group is managed by China Tungsten Hi-Tech. According to China Tungsten Hi-Tech, the tungsten resources in the tungsten mine area under management are nearly 6.5438+0.2 million tons. Due to trusteeship, these mines are not recorded in the balance sheet of China Tungsten Hi-Tech.
China is the country with the richest tungsten resources in the world, and its proven tungsten reserves rank first in the world. Minmetals Group is the largest tungsten producer in China. In 20021year, the output of tungsten concentrate in Minmetals group accounted for 18% of the total national output, which was in an absolute leading position.