A Meeting of Eight Enterprises for Tungsten Heater

After two meetings of tungsten enterprises in November, 2015 and February, 2016, the third meet whether it can further improve the tungsten market in June 7 was attracted much attention by public. The meeting was held in Chaozhou, enterprises who attended the meeting own more than 27 tungsten mine, and the production of tungsten concentrate is more than 50% of domestic production, so the market is accustomed to call these eight tungsten mining enterprises as "Eight Tungsten Enterprises". Recently, economic situation in China is in a depressed state, and tungsten market is also in turmoil. China's mainstream tungsten enterprises have been facing serious losses and the loss of strategic raw materials for 2 years. During this period, China's mainstream tungsten enterprises continue to take positive action to keep market stability, which save the critical situation of tungsten market.

The convening of the meeting could help restore confidence of private tungsten enterprises, and the leading of those large tungsten enterprises will directly has a significant impact on the private enterprises. Some effective policies put forward in the meeting, such as limited production, support value, restricted sales and other measures, which will greatly save the current sluggish state of the market. Eight tungsten enterprises reached an agreement in this meeting agreed to make that would reverse the declining situation of tungsten market.

As a national rare earth resource, China will introduce some relevant policies for tungsten, continuing to promote the steady development of tungsten market. The volume of tungsten has been continuing to reduce for a long time. This the third meeting likes fuel delivered in the snow, tungsten prices are expected to rise to a certain extent, but the possibility of a sharp rise is relatively small. Prices of tungsten heater and other related products will also increase. All in all, these three meetings will directly promote the future development of the tungsten market.

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