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Follow on Google News | Concentrated supply of tungsten helps prices increasing steadilyThe reserve of tungsten is concentrated, China accounted for 65% of the world, China Minmetals reserves accounted for about 75%.
By: bangoben The production of tungsten is highly concentrated, China accounted for 85% of the world, Minmetals accounted 60% of China production. But there is still space of improvement for China tungsten concentrated ore production. During 2002 to 2010, China’s total control index of tungsten mining rose slightly, the compound growth rate was 7.8%.However, the actual tungsten concentrate production in 2010 exceeded the target by 50%. China tightened export controls, and Minmetal account for nearly 80% export quotas. Decline in tungsten export quotas, increase in export tax rate, and the export transfer to high value-added products. China Minmetals have big right to speak about the export in China. Partial APT, tungsten oxide, tungsten powder and its products in three categories of exports, the export quotas of holding companies of China minmetal accounting for average 80%. China minmetals has high speaking right on tungsten pricing. The tungsten pricing models is: After Ganzhou Tungsten Industry Association Jiangxi Tungsten Group, China Minmetals and Hunan Nonferrous communicating in 5 per month, announce guide price of tungsten (tungsten concentrate, APT, tungsten powder). The price becomes a market benchmark, and cause great influence on market. As Jiangxi Tungsten Group, Hunan Nonferrous Metals are subsidiaries of China Minmetals, so China minmetals has strong voice in pricing. The complete cost of tungsten concentrate is high. According to the estimation of Secretary-General of Ganzhou Tungsten Industry Association, the cost is over 135,000 yuan / ton. Complete cost including seven aspects - geological exploration of resource costs, the cost of mine construction, mining costs, processing costs, employee wages, environmental costs, management costs. Investors can make adjustment according to specific circumstances. Considering from enterprise concentration level, the Chinese production and export policies, the cost of production, supply and demand gap, and so on, we believe that the price increasing trend of tungsten will not change. (Visit http://www.tungstenalloy.net/ (Visit http://www.tungstenalloy.net/ (Visit http://www.tungstenalloy.net/ # # # Bango Alloy Technologies Co., Ltd. is a Leading Manufacturer and Supplier Of Quality Metals Offering Tungsten, Tungsten Alloy, Tungsten Carbide, and more! End
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