Tungsten industry with decades of development has gradually matured and the market competition is relatively full. However, the current industrial concentration is still low. There are four main barriers for new commers to entering the tungsten industry

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices were in the downward trend in the week ended on Friday June 14 as the expected fundamental recovery cannot relieve pressures of weak demand and capital shortage. Mainstream tungsten product prices tended to decline to the level of cost. 

Forecast on global tungsten carbide powder market size is likely to reach $2,176.8 million by 2023 from 14.5 billion valued in 2015 for a large scale, according to the market research report published by P&S Intelligence. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide edge higher early in this week on boosted market confidence. For medium and heavy rare earths, businesses have strong rised mentality under the worry of tight supply and active trading of downstream factories. Light rare earth elements also are boosted by the rise in ores, especially for rare earth oxides.