China Rare Earth Holdings Expands into Tungsten Market with Acquisition of High-Purity Tungsten Bars

Reuters
28 May
China Rare Earth Holdings Expands into Tungsten Market with Acquisition of High-Purity Tungsten Bars

China Rare Earth Holdings Limited $(CRE)$ has announced the acquisition of 1,600 kilograms of tungsten bars with a purity level of not less than 99.995% from Multiple View International Limited. This transaction is facilitated by Wealthy Energy Limited, a direct wholly-owned subsidiary of CRE. The acquisition is part of CRE's strategy to diversify its revenue streams and strengthen its supply chain by expanding into the tungsten market. The company views this move as an opportunity to enhance its overall performance and to potentially engage in strategic cooperation with the vendor in the future.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CRE - China Rare Earth Holdings Limited published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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