Xiamen Tungsten Co., Ltd. reported an operating revenue of RMB3.3 billion (USD456 million) from its new energy battery materials sector in the first quarter of 2024, down by 8.02% from the prior year period.

During the quarter, the company sold about 15,900 tonnes of ternary materials, up by 249% YoY, and 8,400 tonnes of lithium cobalt oxides (LCO), up by 62% YoY, maintaining its leading position in the industry.