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Analysts Bullish on Lianyou Metal as Supply Chain Shifts Drive Growth
Non-Energy Minerals · Other Metals/Minerals · economic_daily · 2026-09-05
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Lianyou Metal is poised for significant growth as global supply chain decoupling boosts demand for its tungsten recycling capabilities and high-value material production.
What Happened
Growth Drivers: Benefiting from the global trend of decoupling high-tech and defense supply chains from China, Lianyou Metal is expected to see a 180% CAGR in tungsten product sales through 2028. The company's top-five global ranking in waste tungsten processing positions it perfectly to capture this surging demand.
Strategic Transformation: The company is successfully pivoting toward high-end material supply by focusing on the high-value application of cobalt, a byproduct of its tungsten processing. This transition is enhancing its pricing power and supporting robust profit margins.
Circular Economy Leadership: As the only firm in Taiwan utilizing waste tungsten steel to produce tungstate and cobalt carbonate, Lianyou is expanding into nickel, chromium, and copper. This diversification strategy is designed to secure long-term growth within the global circular economy framework.
Capacity Expansion: With a new high-value production facility slated for late 2027, analysts anticipate a significant operational breakout by 2028. The company's improved international competitive standing suggests its valuation has substantial room to align with global industry leaders.