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China has the largest tungsten reserve and tungsten output whose reserve are four times of other countries in the world, tungsten ore was found early 10th century and was called "heavy stones" at that time.
China tungsten price was in the upward trend in the week ended on Friday July 31, 2020, but affected by the weakness both in the supply and demand sides, transactions were poor at the end of this month.
Opening this week, the tungsten price in China remained weak adjustment as traders were active in selling products, but buyers still took a watchful stance. The whole market is quiet with rare transactions concluded.
Recently, the research group of Fang Qianfeng, a researcher at the Institute of Solid State Physics, Chinese Academy of Sciences, made significant progress in the development of nanostructured tungsten-based alloys, and successfully prepared high-strength dual-nanostructured tungsten materials.
Tungsten is a rare high melting point metal in nature with a melting point of up to 3,410 ° C. It has high density, high hardness, high wear resistance, high electrical conductivity and high temperature strength.
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, tin, gallium, antimony, rare earth, tungsten, molybdenum etc.
Research firm Roskilde recently reported that if no new mine projects are launched in the next few years, China's stricter environmental regulations and the depletion of mine supply may result in a lack of tungsten resources.
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.
In 2019, the steady supply of tungsten in the market will continue. The price of tungsten concentrate is affected by the decline of resource grade, rising cost, increased safety and environmental protection pressure, and the space for decline is small