China’s restrict control of tungsten export dry up the global tungsten supply

In recent years, China has imposed export restriction on tungsten and largely purchased this kind of metal, stimulating the demand for tungsten and motivating efforts to search for tungsten ore. However, the entire process takes two or three years. In a word, new major supply source will not have appeared by 2013.

Considering the short supply of tungsten in the world market, on which those industries strongly depending such as scientific industries, their choices are very limited. It’s unrealistic for most companies to purchase a mining company as what Warren Buffett has done. Thus, cooperating with companies supplying tungsten except Chinese suppliers has become the only possibility. It’s the only way in the foreseeable future for there are so many industries relying on this kind of irreplaceable metal.

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