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Lien Yu Metal's August Revenue Soars 852% Amid Rising Tungsten Prices
Non-Energy Minerals · Other Metals/Minerals · economic_daily · 2026-09-09
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Lien Yu Metal reported record-breaking August revenue of NT$1.13 billion, fueled by global tungsten price hikes and increased production capacity.
What Happened
Revenue Surge: Lien Yu Metal reported August revenue of NT$1.134 billion, an 852.6% year-on-year increase, setting a new record. Cumulative revenue for the first eight months reached NT$5.034 billion, reflecting a 563.5% growth compared to the same period last year.
Market Drivers: Driven by robust demand from AI, semiconductor, and solar sectors, coupled with China's export restrictions on tungsten, global prices have surged. This has significantly boosted the selling prices and profitability of the company's core product, sodium tungstate.
Capacity Expansion: The Pingnan No. 2 plant began production in July, expected to increase sodium tungstate output by 20% to 30%. With additional plants scheduled for 2025, the company is strengthening its position in the upstream and midstream tungsten smelting segments.
Product Upgrading: The company is accelerating its shift toward high-value products, with battery-grade cobalt sulfate and metal cobalt powder now in commercial production. These efforts are aimed at optimizing the product mix and improving overall gross margins.