Tungsten Market Analysis

The global economy is showing signs of recovery. The IMF, the World Bank and the OECD’s three authoritative organizations have generally raised expectations for world economic growth and believe that 75% of the economies in the countries and regions are experiencing recovering growth. It is expected that the global economic growth rate in 2017 will increase. It will reach 3.7% and will reach 3.9% in 2018. In 2017, the economic growth rate of emerging economies and developing countries will reach 4.7%, and will reach 4.9% in 2018. With the continuous advancement of the “Belt and Road” initiative, the re-industrialization of advanced economies and the upgrading of manufacturing industries, the acceleration of the industrialization and urbanization of emerging economies, and the promotion of infrastructure connectivity across the world, the international tungsten demand will enter a new round. A steady growth period.