China’s tungsten reserves account for 70% of the total global tungsten reserves; the output and export volume of tungsten ore have been ranked the first all over the world for a long time.

However, the annual total tungsten mining volume is limited, so the tungsten supply is also subject to limitation.

China’s tungsten ore has supplied the world at low price for long time, and 85% of world’s tungsten comes from China.
 

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Huidian Research released “Research and Development Prospect of China’s Tungsten Ore Market, 2013-2017”.

Which mainly analyzes the market scale, technical status,market competition status, import, business performance of key enterprises.

It also includes the analysis and forecast of future development in the tungsten ore industry, which can provide enterprises and investors with decision-making reference.
 

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The report, published by ResearchInChina, highlights mineral reserves, supply & demand and development trends of the global tungsten industry, the policy environment, resource reserves, ore type, regional distribution, supply and demand, competition pattern and development trends of the China tungsten industry, the import and export of product breakdown, and the operation, tungsten business and development outlook of nine Chinese industrial players.

China, as the world’s largest tungsten resource country, holds 58.95% of global tungsten reserves and supplies and around 85% of tungsten ore worldwide. In 2012, China newly added 200,000 tons of tungsten reserves and output 131,100 tons of tungsten concentrates, down 3.35% from a year earlier. Exposed to the restrictive policies on control of exploitation amount and export quotas as well as new limited prospecting of resources, etc, the supply and demand in tungsten market is obviously out of balance, and it is expected that Chinas output of tungsten ore will see limited growth in the upcoming several years, and that global tungsten market will be still in tight supply.

The slowdown in downstream demand from machining, electronics, real estate markets in 2012 caused the sluggish development of China tungsten industry, with the consumption of tungsten concentrate decreasing by 15.6% year-on-year and the lingering price slump.

n China, major tungsten producing regions are concentrated in Jiangxi, Hunan, Henan, Guangxi and Fujian, the combined tungsten concentrate of which occupied over 88% of China’s total in 2012. In particular, Jiangxi came out top in terms of tungsten concentrate output, registering 46,500 tons.

In Jiangxi, leading tungsten processing enterprises include Chongyi Zhangyuan Tungsten Co Ltd, Jiangxi Tungsten Industry Group Co Ltd, Jiangxi Rare Earth Metals Tungsten Group Co Ltd, and Jiangxi Xiushui Xianglushan Tungsten Co Ltd, while in Hunan, the counterparts are represented by Hunan Nonferrous Metals Holding Group Co Ltd and Chenzhou Mining Group Co Ltd.


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If  stoping and think deeper, maybe the Chinese are trying to dominate the scrap tungsten market. Carbide tools rely heavily on scrap. If the Chinese take control of that, they will run everything.

Though this theory may thus far be unsupported, it is something to consider given that one of the alleged reasons for reduced tungsten exports from China is that they are consuming more of the metal domestically to produce finished products.

Anetsberger once again points to a less devious motive– the growing industrial needs in China could also explain their desire for scrap.

He agreed, however, with predictions that the current summer lows will rebound, probably around September. After which prices are likely to remain high over the long term, said Anetsberger.
 

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Although suspicions and theories vary, almost everyone in the scrap and recycling tungsten industry point to a common factor at play China.

Stirling attests that the Chinese dictate the tungsten market without a doubt. They have a tendency, for example, to periodically flood the market with cheap APT, making scrap tungsten prices appear high.

Stanbach echoed the sentiment, noting that although the Chinese have mines producing the majority of the world’s supply, they still buy scrap.

Not only is China buying, according to Sery, the Chinese are buying every pound of scrap tungsten available.
 

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Tungsten projects see some action.

APT tungsten prices are holding steady at $400 to $410 per metric ton unit (mtu). And with summer coaxing tungsten traders into relaxation, tungsten exploration, development and mining companies are hard at work on their projects.

One of the fastest-moving brownfields projects for tungsten is Wolf Minerals Hemerdon project in the United Kingdom. The ASX-listed company is working hard at developing the project in order to bring it back online. In June, Wolf reported the first drawdown from the US$82-million funding package by Resource Capital Fund. The company also announced the start of a GBP75 million (~AU$123 million) Engineer Procure Construct contract with GR Engineering Services.

More recently, Wolf engaged CA Blackwell (Contracts) for a mining services contract valued at GBP85 million (AU$140 million).

Blackwell is expected to commence its work contract at Hemerdon sometime in March 2014. Per the contract agreements, investors can expect work to be completed at the project in two parts. Phase one of the contract will include mine stripping and development for which the company anticipates an 11-month timeframe. The second phase of the contract will be undertaking the development of the Hemerdon mine, which should take up to five years to complete once phase one has been finalized.

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China tungsten bar prices move up slightly

The tungsten metal market runs slowly in China. The market participants are still inactive in making deals, and the market remains quiet for the moment.

As the raw materials prices move up sharply, some tungsten bar suppliers raise offers. However, the demand from the downstream market is weak, and the trading volume is small.

You can visit the following links for more information about  tungsten bar prices.

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Japanese tungsten market runs slowly.

Sources in Japanese tungsten market reported that the market sees little improvement and most consumers watch the market.

The Japanese economic situation is hard to be warmer shortly, so the consumption for tungsten products does not increase.

You can visit the following links for more information about  tungsten prices.

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Tungsten export market remains quiet in China.

Tungsten export market remains dull this week. Many overseas customers will leave for summer holiday in August, and they are unwilling to add stocks in large quantities.

Owing to the increasing tungsten prices in China, the tungsten export prices are firm now. 

You can visit the following links for more information about tungsten export market.

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China tungsten concentrate market sees few deals.

China tungsten concentrate prices are stable this week. But most of the market participants hold wait-and-see attitudes towards the future market, and the trading volume is small in the spot market.

A tungsten concentrate trader based expressed that the tungsten concentrate market is quiet this week and the prices are stable.

You can visit the following links for more information about  tungsten concentrate prices.

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