Haisheng to Build Advanced Tungsten Plant in Thailand Amid Growing Global Demand

Ganzhou Haisheng

Ganzhou Haisheng, a leading Chinese tungsten producer, has received local government approval to construct a state-of-the-art tungsten processing plant in Thailand. The facility, with a total investment of 180 million yuan ($25 million), underscores China's strategic move to expand its tungsten production capacity beyond domestic borders.

The planned plant boasts an impressive production lineup, including:

•  3,000 t/yr of ammonium paratungstate (APT)
•  2,000 t/yr of tungsten powder
•  1,200 t/yr of tungsten carbide
•  400 t/yr of tungsten bar
•  300 t/yr of cemented carbide

While the exact completion and production dates remain unconfirmed, the project represents a significant milestone for Haisheng, known for its comprehensive production lines in China spanning from ore processing to downstream products like powders, metals, and wires.

Strategic Expansion Amid Trade Tensions

This development comes as Chinese tungsten exporters face increasing challenges due to trade conflicts with the United States. Since the US imposed a 25% tariff on Chinese tungsten products in September, Chinese exports have declined. Data from January to August reveals a 12% year-on-year drop, with exports totaling 11,718 tons of tungsten metal equivalent.

In response, Chinese tungsten producers are exploring overseas projects to mitigate the impact of trade barriers and diversify their markets. Haisheng's Thailand facility could serve as a model for other producers aiming to navigate geopolitical uncertainties while meeting rising global demand for tungsten, a critical material in electronics, aerospace, and industrial tooling.

A Boon for Thailand’s Economy

Thailand stands to benefit economically and technologically from Haisheng's investment. The new plant could bolster the country's industrial capacity, create jobs, and attract further foreign direct investment in the metals sector.

Conclusion

Haisheng’s move to establish a tungsten plant in Thailand highlights a pivotal shift in the global tungsten supply chain. As geopolitical pressures reshape trade dynamics, Chinese producers like Haisheng are strategically positioning themselves to remain competitive in the evolving global metals market.