From two months of 2014 years ago, the operation situation of tungsten and molybdenum industry in China and non-ferrous metal industry boom index trend is consistent, the industry overall smooth operation, on the one hand, tungsten and molybdenum products yield compared with the same period last year show a steady growth, but on the other hand, because the market demand continued weakness, the tungsten and molybdenum price support is still insufficient. The factors influencing the development of molybdenum industry in China are mainly in the following two aspects:

One is the industrial transformation and upgrading is urgent. At present our country tungsten industry in the primary production has a comparative advantage, but the ability of independent innovation is still weak, the back-end application lag, the core technology and high-end products still heteronomy. By the molybdenum industry as an example, since 2004, substantial production capacity of China molybdenum growth, especially molybdenum mining production capacity increased rapidly, but not significantly broaden the application field of molybdenum, particularly in the application of special steel in the field needs to be improved. The strategic significance of dominant mineral, is not the monopoly of resources and primary products supply, but in the high-end applications in the field of performance. At present, some enterprises in China tungsten industry is to expand the production of low-end products as the main direction of development, development quality and efficiency needs to be improved. Therefore, one for the protection of important rare metal supply safety of our country, should as soon as possible to establish reserve system of mineral resources of tungsten and molybdenum; on the other hand to continue to broaden the application field, to further accelerate the pace of industrial transformation and upgrading.

Two is our country tungsten, molybdenum export management measures or will change. The world trade organization, European Union, Japan announced American rare earth, tungsten, molybdenum Chinese litigation related products export management measures case report of the expert group. Group of experts on tungsten, molybdenum recognized China adopt comprehensive resources and environmental protection measures, but ruled that the Chinese product export tariffs, quotas and export quota allocation and management measures are not in conformity with the relevant WTO rules and China's commitment to WTO. At present, China's assessment panel report, and will be based on the WTO dispute settlement procedures properly do this case follow-up work. China should actively adjust the rare metal export management measures including tungsten, molybdenum, rare earth, continue to protect resources and the environment as the starting point, to promote the sustained and healthy development as the foothold in China rare metal industry, standardize the behavior of the export trade of rare metals in the framework of WTO.

In 2014, our country tungsten industry will generally continue the stable operation of the posture, is expected to yield will increase tungsten; tungsten exports will be restored, but molybdenum export situation is grim; tungsten prices overall remained stable, molybdenum prices further downward pressure increase.


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