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.