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You are here: Home » News » Industry News » China's Tungsten and Molybdenum Rare Earth Resources Production Big Country Attributes Should be Valued

China's Tungsten and Molybdenum Rare Earth Resources Production Big Country Attributes Should be Valued

Views:9     Author:Site Editor     Publish Time: 2019-06-06      Origin:Site

China's Tungsten and Molybdenum Rare Earth Resources Production Big Country Attributes Should be Valued

The attributes of China's resource-consuming countries are too strong, and the attributes of resource-producing countries are often overlooked. China's vast land and resources, in terms of mineral resources, is the world's largest leader, lead, zinc, tin, gallium, antimony, rare earth, tungsten, molybdenum and other metal reserves and production are ranked first in the world. 


According to the US Geological Survey, the global tungsten reserves in the year of 2018 are 3.3 million tons, including 1.9 million tons of tungsten resources in China. In 2018, the global tungsten production is 82,000 tons, including 67,000 tons of tungsten in China. From 2014 to 2017, China was the main source of imports of tungsten products in the United States, accounting for 32% of its total imports.


In 2018, the global reserves of molybdenum resources are 17 million tons, of which China's molybdenum resource reserves are 8.3 million tons; in 2018, the global molybdenum mine output is 300,000 tons, of which China's molybdenum mine output is 130,000 tons.


In 2018, the global rare earth resource reserves are 120 million tons, of which China's rare earth resource reserves are 44 million tons; in 2018, the global rare earth mine output is 170,000 tons, of which China's rare earth mine output is 120,000 tons (production quota does not include unlicensed production.) 2014- During 2017, China was the main source of imports of rare earth products in the United States, accounting for 80% of its total imports.


Industry insiders pointed out that rare earths, tungsten, antimony, antimony and indium are all strong varieties of small metals in China, which have a huge impact on global supply. These small varieties of advantages are indispensable important materials for the industries of machinery, electronics, military industry and construction. First of all, domestic supply security can be guaranteed. If global free trade is more challenged, China's strong small metals are also expected to become a means of deterrence or counter-measure.


At present, the international free trade order is being challenged by a few countries, and trade barriers between economies may be enhanced. In this context, the value of superior resources is prominent, the market's confidence in China's strong industry is expected to continue to increase, and the valuation premium of related companies is expected to gradually reflect.


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