What Other Countries can Exploit Tungsten Under the Sino-US Trade War (1)

Since 2018, the price of tungsten concentrate has been running at about 110,000 yuan per ton. The market has gradually accepted this price. After all, compared with cobalt, the growth rate of tungsten is small. At the same time, the state is gradually strengthening the control of tungsten, rare earth and other important mineral resources. Especially in the era of growing trade disputes between China and the United States, it is self-evident that tungsten and rare earth will be more inclined to give priority to meeting the needs of national industrial upgrading.

In the future, the demand for tungsten and rare earth in China's manufacturing and military industries will be increasing. Petroleum fuels may be replaced by new energy sources, but tungsten and rare earth can hardly be replaced. With the passage of time, the demand for strategic resources will not disappear, but will become more urgent. According to some data, the reserves advantage of tungsten resources in China can only last for another 25 years, and for the shortest 10 years, the less it is used. The recent rise in tungsten price reflects the trend that resources are gradually becoming scarce. Considering environmental protection, price, exchange rate and international political environment, the development trend of tungsten price will be a tortuous upward process. For example, the country has launched the second round of environmental protection supervision in an all-round way recently. Many provinces have begun to take action. More environmental protection measures will be implemented more specifically. Several major tungsten mining enterprises in China are worried about the decline of future production. It is possible to raise the quotation again.

As a result, the world's major mineral giants have turned their attention to tungsten resource mining countries other than China, striving to blossom more points and gain a share in the future strategic resource allocation. Moreover, with the recent rise in tungsten prices, many countries with tungsten reserves have a positive intention to start tungsten mining projects, are all actively on the line, and will the supply and demand balance curve of buyers and sellers change accordingly in the future? What other countries produce tungsten besides China? Here is a brief introduction of China tungsten online.

1. Russia:

Russia's tungsten reserves rank third in the world. In 2016, Russia's tungsten mine production was 2,600 tons. Wolfram is Russia's largest producer of tungsten products. Its tungsten mine is mainly distributed in the Far East. The 2017 World Tungsten Association will be held in 2017. The location is located in the area where Wolfram is located.

Russia's vast land, but its east and west borders more than 9,000 kilometers, spanning eight time zones, the current mode of transportation is only the Siberian Railway, the transportation costs can be imagined. Therefore, the main buyer of tungsten mines in the Russian Far East is Japanese. Japan is an industrial powerhouse, and its high-end robotics and automotive industries are far ahead in the world. As we all know, about 25% of the world's tungsten resources are consumed in automobile manufacturing every year, so the Japanese are also very hungry for tungsten demand. In the years of the upheaval in Eastern Europe in the last century, the Japanese who have been defying tungsten for a long time have finally got what they want, and they have bought a lot of shares in the Far East tungsten mine, which is corresponding to the Far East. The port of the sea is closer to Japan and the transportation cost is low, so the tungsten mine mined here is also willing to sell to the Japanese, which may be one of the factors that the Japanese do not rely entirely on the Chinese tungsten mine.

As for Russia, their demand for tungsten is also very strong. Russia is the world's second arms producer and exporter. It was also involved in the Syrian war in the days of the US-European economy. The economic crisis has prompted Russia to be more self-sufficient in strategic resources. In recent days, their urgent demand for tungsten. No less than any big country. Over the years, Putin has always attached great importance to the Russian tungsten industry, and even personally settled the winter shutdown of a tungsten mine in the Far East, urging the recovery of tungsten mines and ensuring workers' income. In early 2017, the Russian government made every effort to promote the development of the Tyrnyauz tungsten-molybdenum mine, which is located in the eastern part of the Russian Federation, close to heavy industrial bases such as Moscow. It is Russia's most important new tungsten project, and plans for the future will be This project has created a large mining and processing complex to meet the critical needs of the Russian military industry.

3.Canada: Canada is the second country with the world's tungsten reserves. However, in 2016, the two major tungsten mines in the Yukon, Canada, the Cantung Mine stopped production again, and the Mactung Mine was once again put on development. According to Canadian tungsten industry, due to environmental and labor and transportation reasons, the operating cost of the Canton tungsten mine is too high, and there is basically no profit. They decided to stop work, and when the price of tungsten rises to a price that can make money, then this wave is out of service. Maybe 10 or 20 years, when can you make money, it is not known? But now, the slaps of Sino-US trade war are once again ringing, the butterfly effect has already triggered, and the world economy is turbulent. As the younger brother of the United States, if China restricts the export of tungsten ore, then Canada is likely to respond to Trump’s call at any time to survive the rescue and resume mining. However, the author also believes that if a tungsten mine is shut down for a long time, its recovery is not as simple as it is supposed to be. The rework period takes 1-3 years. It is difficult to think about the work efficiency of North Americans. The author has also published a similar view in other articles, that is, limiting tungsten exports can also become one of the "secret weapons" of Sino-US trade war. 

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