Demand of China New Aircraft Carriers Will Push the Prices of Tungsten and Molybdenum Rising Sharply

According to Russian Military Industrial Complex News reported on February 25, 2013，Chinese media disclosed that Chinese government has officially approved plan of nuclear-powered ships manufacture project. The first phase ready is to develop a new generation of compact nuclear reactors within the framework of Project 863 and plan to be used in the aircraft carriers, strategic submarines, destroyers and cargo ships in the future. If the report is true, the refractory metal market, especially tungsten price, tungsten alloy price, molybdenum price and rare earth price will continue rising for a long time in the future.

February 22, 2013, the National Bureau of Statistics of China announced the 2012 National Economic and Social Development Statistics Report, and the part of “Education, Science, Technology and Culture” in Chapter 9 is said that in the high-tech field ,China had finished the work of scientific researches and experimental designations within the framework of Project 863, total 1165 last year. However, the report did not disclose other details of Project 863.

It is reported that Chinese aircraft carrier manufacture program is being implemented at present and it is divided into two phases. The first phase of the plan is to build four aircrafts at most, and two of which will be delivered to Liberation Army Navy in 2015-2016. Then set up carrier battle groups which will be based on these aircraft carrier aircraft in 2020. The displacement of new aircraft carrier is 5-5.5 million tons which are manufactured in the first phase, and they will not be equipped with any nuclear power plant. China has started to manufacture the first ship domestic carrier in July, 2011 and now it is still under manufacturing in Changxing Island shipyard which is located in Yangtze Delta River. The second stage requires to manufacture two aircraft carriers at least whose displacement is 65,000 tons and they will have nuclear reactors installation. According to preliminary estimates, this group of nuclear-powered aircraft carrier will be equipped with Liberation Army Navy after 2020. It is without restriction in range and endurance which is the main advantage of nuclear-powered ship.

You can visit the following links for more information about tungsten price, molybdenum price and rare earth price. Than you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

• < Prev
• Next >