Xiamen Tungsten Co. Ltd. – Market Activity and Strategic Developments
1. Stock Performance on 16 April 2026
- The share price of Xiamen Tungsten (ticker 600549) rose 7.2 % during the intraday session, reaching a new trading peak at CNY 56.25.
- The gain coincided with a broader rally in the small‑metal segment, where other tungsten and rare‑metal names such as Zhong Wang High‑New and Xiamen Tungsten were among the top‑performing stocks.
- The 52‑week high for the company (CNY 81.56, recorded 3 March 2026) remains out of reach, but the current level signals a positive short‑term trend.
2. ETF Impact
- Battery‑focused ETFs (Jianxin Battery ETF 159775 and Xingyin Battery Leader ETF 159767) opened with modest gains (0.83 % and 0.73 % respectively).
- Both funds list Xiamen Tungsten among their core holdings, and the shares of the company contributed 0.09 % and 0.77 % of the respective index movements on the day.
- The inclusion reflects the company’s role in supplying tungsten‑based materials for battery‑grade applications.
3. Strategic Acquisition
- On 15 April 2026, Xiamen Tungsten announced progress on the acquisition of a 69 % stake in Jiujang Dadi Mining Development Co., Ltd.
- The deal is a related‑party transaction and is documented in a formal notice filed with the Shanghai Stock Exchange.
- The acquisition is expected to expand the company’s upstream resource base and reinforce its position in the tungsten supply chain.
4. Market Context for Tungsten
- Carbon‑tungsten powder prices have risen sharply, reaching CNY 2,300 per kilogram by the end of March 2026—an increase of 640 % since early 2025.
- This price escalation is driven by global supply‑chain disruptions and heightened demand from semiconductor, aerospace, and electric‑vehicle sectors.
- Xiamen Tungsten’s core products—ammonium paratungstate, blue and yellow tungsten oxides, tungsten powder, and tungsten alloys—are key inputs for these high‑value industries.
5. Company Fundamentals
| Item | Value |
|---|---|
| Market Capitalization | CNY 88,970,000,000 |
| Price‑to‑Earnings Ratio | 38.9 |
| 52‑Week Range | 18.23 – 81.56 (CNY) |
| Current Closing Price (14 Apr 2026) | CNY 56.25 |
| Primary Exchange | Shanghai Stock Exchange |
| Currency | CNY |
| IPO Date | 7 November 2002 |
| Business Segments | Tungsten smelting and processing; battery production; real‑estate development and management |
6. Summary
Xiamen Tungsten experienced a significant intraday rise on 16 April 2026, supported by a sector‑wide rally in small metals and the inclusion of its shares in major battery‑related ETFs. The company’s recent progress on acquiring a majority stake in Jiujang Dadi Mining Development expands its upstream capabilities at a time when tungsten prices are at an all‑time high. With a robust market capitalization and a diverse product portfolio, Xiamen Tungsten remains a key player in China’s materials sector.
