Based on these parameters, tungsten had increasingly emerged as a critical metal, most notably as a result of tungsten limited supply.

Smith noted that China, which produced the majority of the world’s tungsten supply, also accounted for more than half of world demand and was its fastest-growing consumer, which had driven the State to take certain measures to ensure that its own domestic needs were met.

“This has placed an unprecedented threat on the tungsten sector outside of China, which presents enormous opportunities for the development of tungsten ores, concentrates and intermediary products outside of China,” she said.

Moreover, in recent years, demand had outpaced supply, necessitating the sale of stockpiles held by the governments of China, Russia and the US. According to the US Geological Survey, from 2000 until 2011, the US stockpile fell from around 35 500 t to 7 500 t.

“Based on China’s decision to limit exports to the rest of the world, we estimate that the primary tungsten market is in deficit and, this year, we expect the deficit to be in the order of 15 000 t,” cautioned Smith.

In addition, tungsten prices were expected to rise in tandem with increased Chinese input costs, such as labour, as well as rising taxes and high inflation.

 

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Tungsten, tantalum and rare-earth elements (REEs) have started to emerge as “critical” global metals and are expected to become highly scarce from 2015, Core Consultants MD Lara Smith said on Wednesday.

“While the European Union and the US Department of Defence somewhat disagree on the full list of those metals that are deemed critical, they do agree that these three are [at the top of the list],” she said at the Geological Society of South Africa’s 2013 GeoForum conference, in Johannesburg.

Critical metals are defined as those metals with a critical risk to supply, on which humans are highly dependent for survival, and which are necessary for the continuation of a modern way of life.

Smith noted that these minerals were conventionally dominated by a single supplier or country, commonly experienced underinvestment in the development of new projects, and presented limited potential for substitution.

“In addition, critical metals are finding increased application in modern, portable devices, as well as in military or defence applications and are, therefore, of strategic importance to several countries,” she commented.


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Japanese tungsten buyers inactive in purchasing.

Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese buyers are inactive in making deals.

Furthermore, many Japanese tungsten market participants will go for summer holiday in late July and August, and most of them plan to consume the rest stocks in the near future. The tungsten market keeps quiet in Japan this week.

You can visit the following links for more information about  tungsten prices. 

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China tungsten export market sees few deals.

In the recent days, China tungsten prices moved up continuously, and the export offers were pushed up accordingly.

However, the overseas buyers only purchase from hand to mouth, and are unwilling to hold stocks in large quantities owing to the weak demand.

You can visit the following links for more information about  tungsten prices. 

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Indian tungsten market inactive.

Indian tungsten market is inactive this week, and owing to the increasing tungsten price in China, many customers are cautious in making deals.An end-user based in India noted that they mainly import tungsten carbide powder from China. 

You can visit the following links for more information about  tungsten prices. 

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China tungsten concentrate prices hold firm.

Currently, most of the market participants hold wait-and-see attitudes towards the future market, and are inactive in making deals.

The tungsten concentrate prices are firm this week, and the trading volume is small in the spot market. A source from a tungsten concentrate factory based in South China expressed that they make offers for tungsten concertrate frim.

You can visit the following links for more information about  tungsten concentrate prices. 

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China  ammonium paratungstate market(APTmarket) keeps quiet into July, and the market participants are cautious in making deals.

Most of them are watching the market, and wait for the guiding prices in July. A source from an APT factory based in South China noted that they mainly dealt with the old orders in the recent days. 

You can visit the following links for more information about  ammonium paratungstate market(APTmarket).

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Tungsten Concentrate Prices Keep Rising In Russian.

The improving demand in Russian tungsten concentrate market tightens the supply, leading to rising prices in the past month.

A Russian producer who processes 120tpm of tungsten concentrate reported that they have received more inquiries owing to the strong demand in the market.

You can visit the following links for more information about  tungsten concentrate prices. 

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Tungsten electrode market runs slowly.

China tungsten electrode market is quiet as the downstream customers are inactive in making deals. Tungsten electrode prices move up slightly as the raw materials prices increase.

A source from a tungsten electrode factory based in North China, with an output of around 10 tons per month, noted that they mainly dealt with the old orders in the recent days. He said that they make offers for ground thorium tungsten for higher.

You can visit the following links for more information about  tungsten electrode  prices. 

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The trading volume is small in the tungsten scrap market and the tungsten scrap market moves slowly.

The offers for tungsten scrap increase, but transaction prices are unfavorable.

A recycler based in Hunan, whose volume is around 20 tons per month, expressed that tungsten scraps price moves up  a little.

You can visit the following links for more information about   tungsten scrap  offers. 

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