Chinas Tungsten Ore Market Size, Application Analysis, Growth Trends and Forecasts: Radiant Insights, Inc
Huidian Research released “Research and Development Prospect of China’s Tungsten Ore Market, 2013–2017”, which mainly analyzes the market scale, technical status, market competition status, import, business performance of key enterprises, as well as the analysis and forecast of future development in the tungsten ore industry, which can provide enterprises and investors with decision-making reference.
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China’s tungsten reserves account for 70% of the total global tungsten reserves; the output and export volume of tungsten ore have been ranked the first all over the world for a long time. However, the annual total tungsten mining volume is limited, so the tungsten supply is also subject to limitation. China’s tungsten ore has supplied the world at low price for long time, and 85% of world’s tungsten comes from China.
China’s tungsten resources are widely distributed in 23 provinces (autonomous regions), according to preliminary statistics, there are 382 tungsten ores in China, which mainly distribute in Jiangxi, Hunan, Guangdong, Yunnan, Guangxi, Inner Mongolia and Fujian. As for tungsten reserves, China’s tungsten resources mainly distribute in Hunan and Jiangxi. As far as the types of tungsten ore, China’s main type is white tungsten ore, followed by black tungsten and black-and-white mixed tungsten ore, the proportion is 69%, 22% and 9% respectively. As for different regions, Jiangxi is mainly based on black tungsten concentrate, Hunan is mainly based on white tungsten concentrate and Henan is mainly based on the byproducts of molybdenum ore.
According to the statistics, from 2003 to 2011, China’s tungsten ore reserves decreased from 4.2 million tons to 1.9 million tons with the decline of 54.8%. Calculated in accordance with the production capacity in 2010, the current reserves only own 23 years of mining life. “China’s Oil, Gas and Solid Mineral Resources Reserves in 2012”, which was issued by the Ministry of Land and Resources, note that the newly-added tungsten ore was 841,000 tons in 2012.
According to the statistics of China Nonferrous Metals Industry Association, the output of tungsten concentrate was 124,706 tons in 2012, increased by 122,000 tons over 2011 with the growth rate of 2.25%.
In 2011, the revenue growth rate of tungsten ore smelting enterprises was higher than cemented carbide enterprises, and the industry-wide sales revenue exceeded CNY 70 billion with the year-on-year growth of more than 40%. In 2012, the downstream demand was weak affected by global and domestic economic recession, which had a bad effect on tungsten ore market revenue; and the tungsten industry-wide sales revenue declined by 15.6% over 2011.
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