Qinghai Western Magnesium Co., Ltd. is a holding subsidiary of Western Mining Group Co., Ltd. and is a high-tech enterprise recognized by Qinghai Provincial Science and technology department. The company was established in 2006, with a registered capital of 500 million yuan, of which, Western Mining Group Co., Ltd. accounted for 91.40% of the company's registered capital, Hailiang Group Co., Ltd. accounted for 4.23% of the company's registered capital, Xu Hui, a natural person, accounted for 3.07% of the company's registered capital; Central South University Asset Management Co., Ltd. accounted for 1.30% of the company's registered capital. The company is located in Delingha Industrial Park, Qinghai Province, covering an area of 600 mu, with 400 employees.