Starck GmbH and Nui Phao Mining Co. have signed a tungsten
chemical joint-venture agreement.
operation will process tungsten concentrate produced by Nui
Phao into tungsten chemicals, including ammonium paratungstate
and blue tungsten oxide. The project will have an annual
capacity of 6,500 tonnes of tungsten trioxide.
Nui Phao, a subsidiary
of Vietnams Masan Group, will own 51 percent of the
venture and Germanys H.C. Starck, a major supplier of
technology metals, will own the remaining 49 percent.
H.C. Starck said the
project will reduce tungsten price volatility and increase the
companys presence in Asia. "Based on the secured supply
of tungsten concentrate and our recycling capabilities, we can
provide our customers long-term supply security independent
from regulatory restrictions and we expect less price
volatility for the mineral," H.C. Starck president and chief
executive officer Andreas Meier said.
A version of this article was first published by AMM sister
publication Metal Bulletin.