On February 24, Ximei Resources (Guangdong) Co., Ltd. held the groundbreaking ceremony for its 600tpy high-purity high-performance tantalum-niobium metal new materials project in Yingde Qinghua Park.

With construction investment of over RMB300 million (USD46.5 million), the project is expected to produce 600t of high-purity high-performance tantalum-niobium metal and generate annual production value of RMB700 million (USD109 million), along with annual tax contribution exceeding RMB30 million (USD4.65 million).