China has the richest tungsten resources in the world, its tungsten ore reserves account for 58.95% of the global reserves and it provides the tungsten supply of about 85% for the global every year. In 2012, the new increased resource reserves of tungsten (WO 365%) were 200,000 tons and the output of tungsten concentrates (WO 365%) was 131,100 tons, year-on-year decline of 3.35%. with the influence of limited new explored resources, controlled total mining and policy limitation of export quotas etc., the supply & demand contradiction of tungsten is very obvious. It is predicted that the growth space of tungsten ore output in China limited in a few years and the global market supply of tungsten will still take on a tight situation.
Jiangxi, Hunan, Henan, Guangxi and Fujian etc. are the major production regions of tungsten in China. In 2012, the total output of tungsten concentrates (WO 365%) in the above provinces accounted for over 88% of the total output of tungsten concentrates in China, among which, Jiangxi ranked the first with the output of tungsten concentrates (WO 365%) of 46,500 tons.
In 2012, the total output of tungsten concentrates in China was 140,000 tons, with year-on-year growth of 4.1%. From the view of resources, the concentration ratio of tungsten concentrates is relatively high. In 2012, the tungsten concentrates output of China Minmetals Corporation and Ganzhou Tungsten Industry Association (called GTIA for short) was respectively 40,000 tons and 25,000 tons, accounting for 29% and 18% of the total output of tungsten concentrates in China, and the total output of them accounted for nearly half of the total output of tungsten concentrates in China. If the commerce is considered, the influence and control force of China Minmetals Corporation is larger. It is estimated that the supply of Chinese domestic tungsten concentrates controlled by China Minmetals Corporation accounts for over 50%. In addition to China Minmetals Corporation, the larger ones are respectively GTIA accounting for 18%, China Molybdenum Co., Ltd. of 7%, Xiamen Tungsten Co., Ltd. of 5% and Zijin Mining Group Co., Ltd. of 4%; others are the small enterprises.
In 2012, as the downstream demand for tungsten in the machinery processing, electronics, real estate and other market, got slowly, China’s tungsten market developed slowly, consumption of tungsten concentrates (WO365%) products with year-on-year decline 15.6%?prices of products continuing to fall.
According to Huidian Research, the industrial chain of tungsten industry also continues to be perfected; more and more enterprises develop to the deep processing orientation; the output of hard alloy increases steadily; the technological level is improved year by year, the gap of which with the foreign ones is continuing to become small. The structure adjustment of products will be the development trend of tungsten industry in the future, among which, the high-end hard alloy products will be the key point. It is predicted that the compound growth of demand for tungsten in China will be about 8% and market demand for tungsten will reach 110,000 tons by 2017.
1. Overview of Tungsten
1.2 Distribution and Reserves of Tungsten Ore
1.3 Industrial Chain of Tungsten Industry
2. Tungsten Industry Operation of Major Countries in the World
3. Environment of China’s Tungsten Industry
3.1 Development Environment of China’s Economy
3.1.3 Fixed Asset Investment
3.1.4 Total Amount and Growth Rate of Imports and Exports
3.2 Macro Policies
4. Development of Tungsten Industry
4.1 Development Overview for Tungsten Industry in the World
4.2 Operation Status Quo of China’s Tungsten Industry
4.2.1 Market Operation of Tungsten and Tungsten Products in China
4.2.2 Demand for Tungsten Concentrates
4.3 Market Price Trends of Tungsten in China
4.4 Existing Problems in China’s Tungsten Industry Development
4.5 Access Conditions to the Tungsten Industry
5. Downstream Product Application and Profit Distribution of Tungsten Industry
5.1 Product Application
5.1.1 Hard Alloy
5.1.2 Tungsten Materials
5.1.3 Special Steel
5.2 Profit Distribution
6. Import & Export Data Detection of Tungsten Industry
6.1 Export Policies
6.2 Export Volumes of Tungsten and Tungsten Products
7. Competitive Pattern and Market Concentration Ratio of Tungsten Industry
7.1 Market Competition Status Quo of Global Tungsten Industry
7.2 Market Competition Status Quo of China’s Tungsten Industry
7.3 Reserves and Concentration Ratio of Tungsten Concentrates
8. Major Enterprises of Tungsten Industry
8.1 Xiamen Tungsten Co., Ltd.
8.1.1 Company Profile
8.1.2 Operating Conditions
8.2 China Tungsten and High-tech Materials Co., Ltd.
8.2.1 Company Profile
8.2.2 Operating Conditions
8.3 Rising Nonferrous Metals Co., Ltd.
8.3.1 Company Profile
8.3.2 Operating Conditions
8.4 Jiangxi Yaosheng Tungsten Co., Ltd.
8.4.1 Company Profile
8.4.2 Operating Conditions
8.5 Chenzhou Diamond Tungsten Products Co., Ltd
8.5.1 Company Profile
8.5.2 Operating Conditions
9. Future Development Trends of China’s Tungsten Industry
9.1 Macro Policies
9.2 Technology Status Quo and Trends
9.2.1 Mining Technology
9.2.2 Beneficiation Technology
9.2.3 Smelting Technology
9.2.4 Deep Processing Technology
9.2.5 Hard Alloy Processing Technology
9.3 Development Strategies
10. Investment Opportunities and Risks of Tungsten Industry
10.1 Investment Environment
10.2 Investment Prospect of China’s Tungsten Industry, 2013-2017
10.3 Investment Risks
10.3.1 Administrative Access
10.3.2 Technology Investment
10.3.3 Safety and Environmental Protection
10.3.4 Professional Personnel