Xiamen Tungsten Industry announced that the company's shareholding company, Chijinxia Tungsten, decided to suspend the operation of its Mengkang rare earth mine project in Mengkang County, Xieng Khouang Province, Laos, in response to policy requirements relating to rare earth resource development. The project is currently in the trial production stage. In 2025, 998.56 tons of rare earth products will be produced, and the net profit of Chijinxia Tungsten will be 106.5931 million yuan. After the suspension of operations, Chijinxia Tungsten will continue to promote the renewal of mineral rights licenses and seek solutions.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.