Review of China’s Tungsten Ore Market

According to the statistics of China Nonferrous Metals Industry Association, the output of tungsten concentrate was 124,706 tons in 2012, increased by 122,000 tons over 2011 with the growth rate of 2.25%.

In 2011, the revenue growth rate of tungsten ore smelting enterprises was higher than cemented carbide enterprises, and the industry-wide sales revenue exceeded CNY 70 billion with the year-on-year growth of more than 40%.

In 2012, the downstream demand was weak affected by global and domestic economic recession, which had a bad effect on tungsten ore market revenue; and the tungsten industry-wide sales revenue declined by 15.6% over 2011.
 

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