There are there primary missions during China tungsten industry development process.

 

1. Enhance resources supporting capital 

To enhance resources supporting capital should accelerate the implementation of tungsten resource as strategic national stockpile. Secondly, to extend mines service life should employ China’s Mine Resource Probing Projects which means more carefulness and effective to explore tungsten resources between old mines’ deep part and periphery. Tiredly, to develop the circular economy of tungsten mineral resource, to improve tungsten scrap recycling technology, to establish resource saving and comprehensive utilization long-run effective mechanism, to improve the mining ratio, ore dressing recovery percentage, resource comprehensive utilization and to further enhance the level of resource utilization, so China tungsten industry can develop more and more better and the use ratio of tungsten resource can increase as well. Last but not least, co-ordinate international and domestic markets and resources to carry out international cooperation.

 

2.Increase market power

China tungsten industry mainly exports raw material or low technology products and import some high-tech products so comparing with oversea has low international competitiveness. With the development of technology and society, China tungsten industry should develop to produce high-tech products so it can improve market influence.

 

China tungsten industry can rely on national key laboratories, national tungsten materials engineering and technology research centers and research institutions and other innovation platform, strengthening basic research and original technology development, to build business-oriented, market-oriented integrated technology innovation system which combine with production, learning, research, and application.

3. Strengthen technical guidance force

Strengthening technical guidance force, on one hand, China should foster a number of highly quality technical innovation leading talent of tungsten industry. On the other hand, China should  develope a number of core technologies and key industrial technologies with independent intellectual property rights, in solving the bottleneck restricting the development of tungsten industry has made a major breakthrough on the issue of tungsten industry and significant progress on the high-end tungsten product research and development.

 

At the beginning of 2016, the international situation had changed constantly: The situation in the Middle East deteriorates continuously after Saudi broke off its diplomatic relations with Iran, the international crude oil prices experienced a short-term rebound but followed by decreasing; North Korea tested the explosion of hydrogen bomb, which made this country got the international condemnations; Chinese stock market slumped, triggered the fuse mechanism four times, and its negative impact has spread to European stock markets, which makes the global economy fall into the recession.

 

In such a tense international economic situation, but the gold price is rising steadily which makes it abnormally to the situation of "slump endlessly" in 2015, and has no retracement performance temporarily. Until of January 11, 2016, the price of international spot gold has exceeded $ 1,100, and reached $ 1,106.30 / ounce. Chinese domestic gold price has also risen, which enters the col of 300 yuan / gram. But for now, it can be seen that the risen international gold price pushed by geopolitical reasons will last short-term, the discretion of inflation rate is an important factor of the gold price.

 

For many investors, due to the risk factors, they would choose the better hedging function things such as gold, thus they will increase the purchase of gold. However, the for the Chinese domestic buyers, the continuous risen price of gold will significantly weaken their purchase powers, so the consumption of gold products will also be reduced. This makes the "golden alternatives"-- tungsten gold-plated products, enter into the spotlight once again, and greatly welcomed by many gold products collectors.

In December 2015, China Ganzhou Tungsten Industry Association announced a series of tungsten products’ prediction offer such as wolframite concentrate 62,000.00 RMB/ton, APT 100,000.00/ton, middle particle powder 160/kg. Ganzhou Tungsten Industry Association announced the prediction offer of tungsten series products, which makes tungsten concentrate price going up. At the present, tungsten concentrate price already grows up to guide price and it may continue to goes up in the future. Many experts indicated tungsten concentrate price will continue to grow up till the price can be accepted by most mining companies, it is expected the mine will gradually resume production for sale.

 

Tungsten market gets better and price rebound has a lot of reasons. The mainly reason is China big tungsten companies has restricted sale after tungsten price dropped down to production cost. So tungsten market purchases are difficult. Besides, many middle and small mines stop production result in scarcity of raw material so tungsten series products’ price goes up. What’s more, China whole tungsten industry has consistent attitude about improving tungsten price.

On the other hand, China government employed a series of policy to intervene in market and to stimulate tungsten market development, for example, tariff, export and import policy adjustment and other relevant law and regulation employed. China State Council announced tariff implementation plan and from January 1st 2016 China government adjusts partial policies. So it will good for tungsten industry transformation and upgrading, promoting the transformation of foreign trade development mode, stimulating economic sustained and healthy development. According to some research data found in import traffic ferrotungsten from 2% adjusts to 1%; tungsten scraps form 3% reducing to 1%. In export traffic, tungsten ore and tungsten concentrate staying the same which is 20%. Recently China Ministry of Land and Resources announced a policy about listing rare earth ore and tungsten ore included in the national protection specified minerals. Government will control total mining volume so rare earth ore and tungsten ore will get effective protection and rational utilization.