Xianglu Tungsten Industry: Most of the tungsten concentrate required for the company's production is obtained through external purchases.

Securities Daily Online News: On March 11, Xianglu Tungsten Industry responded to investor questions on the interactive platform, stating that most of the tungsten concentrate needed for production is purchased externally. Regarding the impact of the national total control of tungsten, the company has no quota restrictions on external procurement, mainly constrained by funds and market supply and demand factors. The company will optimize procurement strategies based on market dynamics and policy changes to ensure production needs.

(Editor: Cong Kexin)

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