Tungsten Industry Market Research Reports, Analysis & Trends
Tungsten industry comprises companies that operate by production, manufacturing, supply of tungsten products and tungsten materials. China, as the world’s largest Tungsten resource county, holds 58.95% of global tungsten reserves and supplies around 85% of tungsten ore worldwide. In 2012, China newly added 200,000 tons of tungsten WO365% reserves and output of 131,100 tons of tungsten concentrates that is WO365%, down 3.35% from a year earlier. Exposed to the restrictive policies on control of exploitation amount and export quotas as well as new limited prospecting of resources, etc, the supply and demand in tungsten market is obviously out of balance, and it is expected that China’s output of tungsten ore will see limited growth in the upcoming several years, and that global tungsten market will be still in tight supply.
The slowdown in downstream demand from machining, electronics, real estate markets in 2012 caused the sluggish development of China tungsten industry, with the consumption of tungsten concentrate (WO365%) decreasing by 15.6% year-on-year and the lingering price slump. In particular, Jiangxi came out top in terms of tungsten concentrate (WO365%) output registering 46,500 tons. All the industrial players are provided with relatively complete industrial chain. However, most of them suffered from fall in business performance due to the weakened demand in 2012, and sought for expansion towards downstream industrial chain.
Tungsten Industry Trends
Major Tungsten Industry Players
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