February 22, 2025

Ganzhou Tungsten Rare Earth Enterprise Product Reserve (First Batch) Loans Progressed

On March 17, it was learned from relevant meetings that at present, the loan for the first batch of tungsten rare earth enterprises in Zhangzhou City is progressing smoothly.

It is reported that there are 13 tungsten enterprises that meet the application conditions in Ganzhou City, with a total loan of 343 million yuan. There are 3 loans that have been issued, totaling 22.1 million yuan. There are 9 companies in negotiation with banks; one is due to pledge. Insufficient product suspension of reserve loan application. There are 21 rare earth enterprises that meet the application conditions, with a total loan of 207 million yuan, and 3 loans have been issued with a total amount of 44 million yuan. There are 17 companies in the process of negotiating with the bank, including Longnan Heli Rare Earth Co., Ltd. A loan application of 10,000 yuan can be approved in the near future; one company has not filed a formal loan application with the bank.