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Top 10 Hot News of Tungsten Industry in 2019

Views:2     Author:Site Editor     Publish Time: 2020-04-16      Origin:Site

Top 10 Hot News of Tungsten Industry in 2019

1. Molybdenum ore resource tax is reduced to 8%, tungsten ore resource tax remains at 6.5%

On August 26, 2019, the National People's Congress passed the new "Resource Tax Law". The latest policies are implemented as follows: the molybdenum resource tax is reduced to 8%, and the tungsten resource tax is maintained at 6.5%.


2. The manufacturing value-added tax rate fell from 16% to 13%

Since 2019, the state has launched a series of tax and fee reduction policies, focusing on reducing the tax burden of manufacturing and small and micro enterprises. On April 1, the deepening of VAT reform measures was officially implemented, and the VAT rate of the manufacturing industry including the machine tool industry was reduced from 16% to 13%. The continuous introduction of tax reduction and fee reduction policies is conducive to the advancement of real economy enterprises.


3. Xiamen Haicang District builds the country's largest production and processing place for tungsten materials

The construction of key projects in the fourth quarter of 2019 and the groundbreaking ceremony of Xiamen Jinlu Carbide Industrial Park were held here, including Xiamen Jinlu Carbide Industrial Park, Haicang Jiazuli, and 11 projects started in the fourth quarter. The total investment is about 6.92 billion yuan, and the annual planned investment is about 1.46 billion yuan.


4. Luanchuan County Lengshui-Chitudian ultra large molybdenum tungsten deposit
Super large molybdenum-tungsten deposits were discovered in Lengshui-Chitudian, Luanchuan, Luoyang, with newly added resources of 3.704 million tons of molybdenum, 439,600 tons of tungsten, 361,600 tons of lead, 2.362 million tons of zinc, 2.71 tons of copper, and 39.82 tons of silver, equivalent Newly discovered 39 large-scale molybdenum mines, 14 large-scale tungsten mines, and 5 large-scale lead-zinc mines. As of the end of 2019, Luanchuan, the "China Molybdenum Capital", had submitted a total of 6.1317,000 tons of molybdenum, 1.382 million tons of tungsten, 99.18 million tons of lead, 3.378 million tons of zinc, 11.2083 tons of silver, and 82.09 million copper.


5. Pan Asia ’s 28,000 tons of APT stocks were sold for "Luo Mo Group" 3.268 billion yuan

(September 17, 2019 11:55), Pan Asia Nonferrous Metals Exchange (hereinafter referred to as "Pan Asia") involved in the case of about 28,300 tons of APT judicial auction bidding, was successfully auctioned by Luo Mo Group for 3.26826 billion yuan. The unit price is 115.338 million yuan / ton. The auction was held from 10:00 on September 16, 2019 to 11:55 on September 17, 2019. A total of two bidders participated in the auction, with a total of 135 bids.


6. The total index of tungsten mining increased slightly

The Ministry of Industry and Information Technology and the Ministry of Natural Resources issued the national total control target of tungsten concentrate (tungsten trioxide content 65%) for 2019 is 105,000 tons, an increase of 5,000 tons from 2018. Among them, the main mining index is 78,150 tons, and the comprehensive utilization index is 26,850 tons.


7. China Tungsten Association Proposes Production Reduction of Tungsten Mining Enterprises

In May 2019, the China Tungsten Industry Association held a forum for the heads of some tungsten enterprises (groups) in Ganzhou. Member of the Bureau of the China Tungsten Association-China Tungsten High-Tech Materials Co., Ltd., Jiangxi Tungsten Industry Holdings Group Co., Ltd., Xiamen Tungsten Industry Co., Ltd., Luoyang Luanchuan Molybdenum Industry Group Co., Ltd., Chongyi Zhangyuan Tungsten Industry Co., Ltd. , Hunan Chenzhou Mining Co., Ltd., Guangsheng Nonferrous Metals Co., Ltd., Guangdong Xianglu Tungsten Co., Ltd., Antai Tianlong Tungsten & Molybdenum Technology Co., Ltd., Ganzhou Haisheng Tungsten & Molybdenum Group Co., Ltd., a total of 20 persons attended the meeting . The meeting unanimously agreed that the participating tungsten enterprises (groups) will jointly maintain the supply order of the tungsten raw material market, and the output of tungsten concentrate will be reduced by not less than 10% this year. The participating enterprises (groups) produce tungsten concentrate annually 86% of the statistical output of the China Tungsten Association.


8. Smelting enterprises propose to reduce production

Ganzhou paratungstic acid production enterprises held a meeting in Ganzhou on June 5, 2019, and agreed to suspend or reduce production from June 2019. The enterprises that decided to suspend production were suspended for not less than 15 days. Reduce production by no less than 30% to jointly maintain the healthy and stable operation of the tungsten market. At the same time, the meeting issued a call to the national tungsten enterprises to "control production capacity and reduce production", and recommended that the relevant government departments strictly control the newly added tungsten smelting production capacity, in order to resolve excess capacity and reduce costs and increase efficiency, promote the tungsten industry supply-side structural reform .


9. as of the end of 2018, China's tungsten ore resource reserves were 10.7157 million tons

According to the "China Mineral Resources Report 2019" recently released by the Ministry of Natural Resources, China's identified tungsten ore reserves in 2018 were 10.7157 million tons (WO?), An increase of 4% year-on-year; tungsten ore exploration added 278,000 tons As of the end of 2018, the resource potential of tungsten ore is predicted to be 29.7 million tons, and the resource identification rate is 25.7%.


10. Tungsten slag chemical analysis method Tungsten Molybdenum Silicon Phosphorus Calcium content determination group standard approved

Tungsten slag is the waste residue produced by the wet decomposition of tungsten mineral raw materials at high temperature or in aqueous solution to prepare ammonium paratungstate (APT). It was listed as hazardous waste for the first time in the National Hazardous Waste List (2016 Edition). In September this year, the Ministry of Ecology and Environment In the "Hazardous Waste Exemption Management List" issued by the General Office, the disposal of alkali boiled slag (tungsten slag) resulting from the decomposition of alkali during the production of ammonium paratungstate.


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