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After nearly 10 years of development in China's tungsten industry, the tungsten downstream industry has developed rapidly

- Mar 31, 2018-

After nearly 10 years of development in China's tungsten industry, the tungsten downstream industry has developed rapidly. It is accelerating the development of high-end industries, and the industrial concentration and world influence have been continuously improved. It has entered the world tungsten industry development ranks first, and it is close to the tungsten industrial power. . China's tungsten industry policy, market supply and price trend have become the key leading factors affecting the global tungsten market. The rigid increase in the cost of tungsten mining, the delineation of the ecological protection red line and the strengthening of safety and environmental protection supervision, as well as the introduction of environmental protection taxes and the implementation of the resource tax law, will play a very important role in supporting market prices. At present, the positive factors in the domestic tungsten market increase, the market warming signal strengthens, the supply of tungsten raw materials remains stable, the supply and demand contradictions in the tungsten market will continue to improve, the tungsten market experiences sharpening in price depth adjustment, industry self-regulation strengthens, market confidence increases, tungsten market price stability Enhanced. It is expected that the market price of tungsten will enter into a stable operation period in the future, and the volatility will be narrowed, rising steadily, tending to a reasonable range, and driven by domestic tungsten market prices, the international market price will continue to stabilize. From a long-term perspective, based on the dominance and influence of China's tungsten resources in the world, it is inevitable that the market price of tungsten will rise gradually and rationally.

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