On November 24, 2025, the Strategic Cooperation Signing Ceremony and Project Launch Conference of Meisherui, TRIKRONS, and Huifenghe Mineral Investment was held at the New Materials Industrial Design Institute of Sichuan Province. Against fierce global competition for critical minerals, the three parties announced the joint establishment of an investment platform integrating high-quality tungsten resources in Central Asia, aiming to build a secure, resilient, and controllable international supply chain. This move is not merely a market behavior, but a forward-looking layout in response to the transformation of the global industrial and supply chains. Distinguished guests from Milan Industrial, Luye Pharma, Chengshu Power, Hengcai Construction, Zhonggao Energy, Dacheng Industrial Economics and other major enterprises attended and witnessed the signing.

Emergency for "Strategic Metals": Global Tungsten Supply Tightens, Industrial Upgrade Calls for Stable Resources

Tungsten, with its ultra-high melting point and extreme hardness, is an irreplaceable strategic metal for high-end manufacturing sectors such as aerospace and new energy. However, the global tungsten market is facing profound structural contradictions.

Although China supplies about 82% of the world’s tungsten resources, the pressure to ensure stable supply is growing. Domestic high-grade tungsten ore resources are gradually depleting, and environmental and safety costs keep rising. The first batch of tungsten mining quotas issued by the Ministry of Natural Resources for 2025 was further reduced by 6.45% compared with 2024, leaving limited room for production increase.

Meanwhile, demand shows rigid growth, especially in cemented carbide and new energy sectors. In particular, the market for tungsten wire for photovoltaic cutting in the new energy sector is expanding rapidly. China’s market size is expected to reach 6.659 billion yuan in 2025, with about 8 metric tons of tungsten consumed per GW of silicon wafers, becoming a major driver of price increases. The contradiction between supply and demand has pushed prices continuously higher. Tungsten prices hit record highs in 2025, reaching 143,000 yuan per ton in July and 328,000 yuan per ton in November. This trend reflects the urgent demand from the industrial side for stable supply of strategic resources, and resource security has become a lifeline for the transformation and upgrading of the manufacturing industry.

Breaking Through in Central Asia: Joint Development of World-Class Resources to Expand Diversified Supply Channels

Against the backdrop of accelerated restructuring of the global resource landscape, the three partners have strategically focused on resource-rich Central Asia, committed to expanding diversified resource supply channels.

Global attention and investment in critical minerals have reached an unprecedented level, making resource-abundant regions the focus of global industrial capital. Against this background, Central Asia, especially Kazakhstan with rich tungsten reserves, demonstrates huge cooperation potential. Relying on the profound accumulation and successful practices of the Belt and Road Initiative, Chinese enterprises are continuously seeking opportunities in global competition.

Zhang Tang, General Manager of Huifenghe, stated: “Huifenghe has been deeply engaged in mineral investment for many years. Through extensive preliminary work, we target world-class tungsten resources. This cooperation will systematically develop Central Asia’s resource advantages and transform them into supply chain advantages for China’s industries.”

Technological Breakthrough: Little Giant Enterprise Breaks the "Last Mile" of Resource Conversion with Advanced New Materials

Resource acquisition is only the first step; transforming ore into high value-added end products is the key to value chain upgrading. Meisherui, a national key “Little Giant” enterprise specializing in sophisticated, innovative technologies, serves as the technical engine in this process.

During the tour, Meisherui showcased its titanium-based cermet R&D and production base and the New Materials CMF Laboratory. Its core products—titanium-based cermets and high-performance cemented carbide new materials—have achieved import substitution. Its denitrification control technology for Ti(C,N)-based cermets has reached international leading levels, with more than 60 authorized patents.

“Our goal is not only to obtain ore, but also to convert these strategic resources into high-end products with international competitiveness through our own technologies,” emphasized the founder of Meisherui.

The company has built a low-carbon intelligent production line with an annual output of 50 million pieces of hard materials, capable of efficiently converting upstream mineral resources into high value-added products for aerospace, precision electronics and other fields. It truly bridges the “last mile” from resources to products, demonstrating the capability of China’s manufacturing industry to the world.

Ecological Empowerment: Triple Linkage of Capital + Industry + Technology to Build a New Paradigm of Resource Security

This cooperation transcends the traditional resource development model and establishes a collaborative closed loop of industrial strength + ecological capital + resource development, aiming to build a resilient, efficient and green supply chain.

Huifenghe, with its professional capabilities in cross-border resource integration and mining development, leads resource exploration and development, and adopts technologies such as AI-assisted prospecting and smart mines to improve efficiency.

As the core of resource conversion, Meisherui ensures the efficient transformation of resources into high-end downstream materials and components.

TRIKRONS leverages the ecological integration advantages of its 10-billion-level asset management platform, links key industrial chain links through capital, optimizes the allocation of resource factors, and builds a new ecosystem for coordinated industrial development.

He Yu, President of TRIKRONS, elaborated on the core of its “ecological capital” model: “The establishment of the tungsten investment platform is not only financial investment, but also strategic layout. We aim to build a cross-industry collaborative ecosystem, enabling critical materials to generate value in broader fields such as high-end manufacturing and technology consumption. The core logic is to optimize the global allocation of resources guided by market demand.”

Qiao Xiangchen, Chairman of TRIKRONS, added: “Ensuring the stable supply of critical resources is not only the core demand for enterprise development, but also conforms to the common interests of all parties in the industrial chain. We hope to explore a new path to enhance the security and resilience of the industrial and supply chains through market mechanisms via this cooperation.”

Strategic Depth: From Resource Positioning to Ecological Win-Win, Anchoring the Cornerstone of China’s High-End Manufacturing

Against the accelerated restructuring of the global industrial landscape, the tripartite signing marks an important upgrade of the industrial cooperation model—shifting from single resource acquisition to the construction of a complete value chain covering exploration, development, conversion and application. This cooperation represents an active exploration by market forces to systematically improve the resilience and efficiency of the industrial chain through an innovative cooperation model.

Through a deep synergy mechanism of resources, capital and technology, the three parties have formed unique competitive advantages. Meisherui’s resource conversion capability, TRIKRONS’s ecological integration advantages, and Huifenghe’s expertise in cross-border resource integration and mining development have been efficiently connected through the strategic agreement. This innovative model of industrial empowerment + ecological capital + professional development provides a new solution to cope with the complex changes in the resource market.

With the official launch of the cooperation project, the platform will strive to build an open, coordinated and efficient industrial ecosystem. It not only focuses on resource development itself, but also emphasizes enhancing the value creation capacity of the entire industrial chain through technological and model innovation. This practice of promoting industrial chain optimization and upgrading through market mechanisms will provide valuable references for the sustainable development of the industry.

Notably, the founders of the three enterprises are all alumni of Tsinghua University. This cooperation is not only a strong commercial alliance among Tsinghua alumni, but also an innovative practice based on long-term vision to ensure resource supply.

With the gradual formation of a new full-chain ecosystem, this cooperation will lay a more solid resource foundation for China’s high-end manufacturing to achieve steady and long-term development in the global competitive landscape.