Recently, the Ministry of Land And Resources issued a notice about 2017 annual rare earth tungsten ore’s total production guidepost, providing that in 2017 the total production control index of the national rare earth ore is 105,000 tons, the total production control index of the tungsten concentrate is 91,300 tons.

The report, global tungsten carbide market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Analysts forecast global tungsten carbide market to Grow at 5.19% CAGR during the period 2017-2021. To calculate the market size, the report presents in-depth research of the market by key vendor landscape, way of study, synthesis, and summary of data from various sources. Tungsten carbide is an inorganic compound that contains tungsten and carbide in equal proportions. Owing to its extraordinary hardness (three times that of steel), tensile strength, and wear resistance, it is used in a wide range of applications such as machine tools, cuttings tools, dies, punches, abrasives, and many other applications. It serves end markets such as mining and construction, automotive, power generation and fluid power manufacturing, aerospace and defense, and others.

In the second half of 2017, tungsten market is still visional. Tungsten concentrate price reaches to RMB 80,000/ton at the end of June, tungsten price cost effect will keep going, price property of tungsten is clear. 

Tungsten market in the first half of year 2017 shows tungsten market is in process of recovery, the whole industry is stable, price is rising slightly.

Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.

Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.

Due to steel industry bidding, ferro molybdenum price is under pressure and decreased to RMB70,000~73,000/ton. Mass purchase price has led to the same trend for retail prices.

Machine tools plays a very crucial role in manufacturing of metal components through machining. Computerized numerical control (CNC) machines are prominently used for machining of metal components which requires high precision for producing complex shapes of varied dimensions. Currently, there are mainly two types of machine tools prominently used. HSS (high speed steel) and carbide tools; among which carbide tools is most prevalent for machining applications primarily due to exceptional wear resistance, chemical inertness, material strength and other superior characteristics.

The report covers the present scenario and the growth prospects of the global carbide cutting tool inserts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.