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Tungsten and Molybdenum Reserves are Highly Concentrated in China

Views: 17     Author: Site Editor     Publish Time: 2019-05-06      Origin: Site

The GF strategy released "A-share evolution", proposing financial supply-side reforms to reshape China's dominant enterprises. Among them, the "non-ferrous metal industry: opportunities for new materials" pointed out that small metal fields (rare earth, tungsten, molybdenum, tin) are important strategic metals, widely used in various fields such as the workers and civilians; Processing materials in China have advantages.

The report pointed out that rare earths, tungsten, molybdenum and tin are important strategic metals and can be widely used in various fields such as civil, industrial and military. These small metals industries are more concentrated, with output mainly concentrated in China, and tungsten and molybdenum reserves are also highly concentrated in China. According to Wind, by the end of 2018, China's rare earth reserves accounted for only 37% of the world's total, but 71% of the global rare earth mines; tungsten deposits accounted for 58% of the world's total, providing 82% of the world's production; molybdenum reserves accounted for 49% of the world's production accounts for 43% of the world's total; tin reserves account for 23% of the world's total, providing 37% of global production. China is the world's largest supplier of rare earths, tungsten, molybdenum and tin with the largest reserves and reserves.

Since the beginning of this century, the world's NdFeB materials have gradually shifted from Europe and the United States to Japan and China. China is the world's largest rare earth reserves and producers. With the advantages of resources and labor costs, it has become the world's No. 1 NdFeB manufacturing. Great country. From the export data, in the past five years, the export volume of NdFeB has been at a relatively high level; and since 2015, the export volume has rebounded.

Titanium processed materials have high strength, corrosion resistance, non-magnetic, non-toxic, high temperature resistance, low density and other properties are widely used in chemical, military aircraft, ships and other fields. The production of titanium processed materials is mainly concentrated in China, the United States, Russia, Japan and other countries. In 2010, China surpassed the United States to become the world's largest titanium producer, while most of China's titanium materials are used in industrial fields, and the technical content is relatively high. Low; the United States mainly uses it for high-end titanium materials such as aviation titanium. As China's investment in high-end titanium materials such as aviation titanium materials has increased, the yield advantage of titanium processed materials has guaranteed the preconditions for high-end titanium production.

The industry risk lies in the fact that the US Mountain Pass mine is gradually expanding production, and the proportion of overseas rare earth production is gradually expanding; the magnetic material industry is still in a state of overcapacity; the tin production in Myanmar still has large uncertainty, which may result in a higher price. The impact of the titanium industry is relatively large due to the impact of China's large aircraft projects.

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