Tungsten Industry Development Situation

Details: Category: Tungsten's News; Published on Thursday, 14 January 2016 19:20; Hits: 776

International tungsten industry development situation

Firstly, tungsten as an important strategic resource can be widely used in many fields such as industrial circle, aerospace industry, and military field and so on. When people realized how important tungsten resource it is, the scramble of tungsten among the world becomes more and more fierce.

Secondly with the development of technology and science, tungsten industry has a significant improved in equipments and technology. International market demand for high-tech tungsten products is growth. In order to increase market competitiveness and power, the competition of researching and developing high-tech, high value-added tungsten finished products will become fiercer.

Thirdly, at the present, as the technology of tungsten industry mature and general, tungsten products production becomes more and more easy. On the other hand, there are more and more tungsten manufactures around the world and tungsten trade can happen everywhere. So the competition of tungsten among the world will become fiercer.

Last but not least, international tungsten market demand has entered a period of slow growth. Because most countries have already mastered tungsten production technology which can mostly meet the demand of domestic market.

China tungsten industry development situation

Firstly, the growth rate of China domestic tungsten market demand is slow down, weakened the cost advantage, price depth adjustment.

Secondly, tungsten products to high quality, high precision and high value-add development.

Thirdly, resource development is large-scale and become more and more intensification and standardization.

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