Tungsten ore reserves have been increased fourfold since new China's founding, according to the "China Mineral Resources (CMR) Report 2019". Chinese major mineral resources have been identified as resource reserves growth, geological exploration investment growth and significantly prospecting achievements.

According to the report, since the founding of New China in 1949, Chinese proven reserves have increased from more than a dozen to 162 species, and reserves of important minerals such as coal, iron, copper, and petroleum have increased significantly. Among them, oil increased from 0.29 to 3.573 billion tons, increase by 122 times, cemented carbide iron ore identified resource reserves increased from 3.32 to 85.219 billion tons, a 25-times increase, manganese ore increased from 408 to 1.816 billion tons. The growth of copper mines increased from 2,819,300 to 11,443,900 tons, a 51-times increase, lead mines increased from 1.181 million tons to 92,136,100 tons, an increase of 77 times, zinc mines increased from 10.31 million tons to 18,755,670 tons. an increase of 181 times, bauxite increased from 450 million tons to 5.17 billion tons, an increase of 11 times, tungsten ore increased from 2.128 million tons to 10.17 million tons, a fourfold increase. The country has become a resource-rich country with a complete range of mineral resources.

During the "1st Five-Year Plan" to "3th Five-Year Plan" period, the state-organized exploration of various Cemented Carbide Tool minerals, iron ore and coal reserves increased significantly, established five coal bases and ten major steel bases, discovered uranium and rare earth deposits, The successful launch of the two bombs and one star provided a resource base and laid the dominant mineral status of rare earth, tungsten, tin, molybdenum and niobium, discovered a number of oil and gas fields such as Daqing Oil Field, which caused China to smash the title of "poor oil country".

After the 3rd Plenary Session of the 11th Central Committee, the second round of oil census and solid minerals survey and two rounds of mineralization prospects were successively launched, which made a series of significant progress in the exploration of mineral resources, and the reserves of mineral resources have been greatly improved.

Since the beginning of the 21st century, the implementation of a new round of geological survey and prospecting breakthrough strategic actions, the national mineral resources potential evaluation and utilization status survey, found a number of world-class deposits such as the Qulong-Jiama copper mine, Huoshaoyun lead-zinc mine, initially formed ten new resource bases and breakthroughs in emerging strategic mineral exploration and development such as shale gas and natural gas hydrate. In the seven decades of the developing of the tungsten ore in China, it has greatly promoted the relevant minerals applied industries and enhancing our country's comprehensive national strength.

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and cesium tungsten bronze prices remain weak adjustment as continued spread of Covid-19, geopolitical risks and US election offer many uncertainties for the market. Most market participant prefer to take a watchful stance at present. 

Now the main advantage of the tungsten market lies in the production cost of raw materials, as well as new demand brought by the recovery of domestic economic indicators and the deployment of downstream infrastructure, 5G and other industries. However, judging from the weak market in the peak season of the "Golden September", the overall market demand is still low. 

In the short term, tungsten concentrate is expected to stabilize at $13,076.9 per tone solid tungsten carbide rods but the market may have price but no sales; the APT price keeps stable at $22.5 per mtu and factories may face pressure of price inversion; tungsten powder purchases will continue to seek for lower prices and sellers tend to keep price at about $30.8 per kilogram. 

The World Bank recently released the economic report for East Asia and Pacific region, which raised China's economic growth forecast for this year from 1% to 2%; in addition, based on positive factors such as the advent of vaccines and continued economic recovery, China's economy is predicted to grow by 7.9% in 2021. CNN in the United States calculates based on data from the World Bank that China’s share of global GDP may rise by about 1.1 percentage points by the end of this year. CNN predicts that the total value of China's economy will tungsten carbide plates reach US$14.6 trillion by the end of 2020, roughly equivalent to 17.5% of global GDP.

Prices of tungsten products on October 14, 2020

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Analysis Cemented Tungsten Carbide of latest tungsten market from Chinatungsten Online

Tungsten prices in China were unchanged in the week ended Friday February 22 on low trading activity after the Lantern Festival. Raw material manufacturers had strong rised mentality due to the tightening availability of spot goods, but few transactions were concluded. Considering thin market trading, market participants take a watchful stance on the whole. 

For tungsten concentrate sellers, they were reluctant to sell owing to low operating rate of factories. Downstream buyers remained low buying interests and thus transactions were hard to increase. Tungsten concentrate prices hovered around tungsten carbide manufacturer $15,076.9/t that is close to offers of Jiangxi Tungsten. 

In the ammonium metatungstate (APT) market, dealers still were cautious to trading, plus with stabilized offers levels of listed tungsten companies, factories became more conservative in making production plan and insiders mainly waited for the next move in the market. APT prices have been stabilized at $262.5/mtu since February.

Tungsten powder prices were hard to rebound because the market gained weak support from upstream and downstream enterprisers’ stability to consume raw materials remained insufficient. Limited by weak demand, prices have been stabilized at $36.3/kg for a long Cemented Carbide Inserts time.

Prices of tungsten products on Feb. 25, 2019

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The US Department of Energy reports 35 critical minerals to include 8 rare earth elements (lanthanum, cerium, praseodymium, neodymium, samarium, europium, terbium and dysprosium), and the elements such as tungsten, lithium, and cobalt, etc.

The United States is heavily reliant on imports of certain mineral commodities that are vital to the Nation's security and economic prosperity. This dependency of the United States on foreign sources creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt the supply of these key minerals.

According to Executive Order 13817 of December 20, 2017, “A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals,” the Secretary of the Interior on February 16, 2018, presented a draft list of 35 mineral commodities deemed critical under the definition provided in the Executive Order. After considering the 453 public comments received, the Department of the Interior believes that the methodology used to draft the list remains valid and hereby finalizes the draft list of 35 key minerals.

The final list includes aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium. This list of critical minerals, while “final,” is not a permanent list, but will be dynamic and updated periodically to reflect current data on supply, demand, and concentration of production, as well as current policy priorities. This final list will serve as the Department of Commerce's initial focus as it develops its report to comply Carbide Rods Single Hole with Section 4 of Executive Order 13817.

“These critical minerals are often overlooked but modern life without them would be impossible,” said Secretary of Commerce Wilbur Ross. “Through the recommendations detailed in this report, the Federal government will take unprecedented action to ensure that the United States will not be cut off from these vital materials.”

This release follows a previous report from the Department of Interior, also required by the executive order, which designated 35 mineral commodities considered critical to the economic and national security of the United States, including uranium, titanium, and rare earth elements.

These critical minerals are necessary components for countless items relied on by millions of Americans, cemented carbide rods including smartphones, aircraft, computers, and GPS navigation systems, as well as green technologies such as wind turbines, energy efficient lighting, and hybrid vehicle batteries.

The US issued Executive Order 13817 to reduce vulnerabilities from our nation’s reliance on foreign sources of key minerals and foreign supply chains. Currently, the United States is heavily dependent on imports of key minerals, with the U.S. dependent on imports for more than 50 percent of domestic demand for 29 of the 35 minerals named in Interior’s report. Besides, the United States lacks any domestic production for 14 of the 35 minerals and does not have domestic access to processing and manufacturing capabilities for many of these minerals.

The critical minerals of tungsten and rare earth are significant for the US. This action plan complements other initiatives of the Trump Administration, including the Department ohttp://philipjere.mee.nu/brief_introduction_of_metal_powder

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China start to show signs of stabilization despite of continued low trading activity and different psychological prices of traders for products. On the whole, the short-term tungsten market is expected to be caught in wait-and-see atmosphere. 

On the negative side, lacking confidence of insiders and some enterprises’ bidding are the main factors for the weak market. The factors that shaken confidence of insiders include insufficient orders for terminal manufacturing companies, the worry for 431.95 tons of tungsten ore and 29,651 tons of APT in Fanya’s inventories and unstable exterior trade environment. 

On the positive side, Chinese environmental protection inspections are actively carried out in various provinces and with the decline in the grade of tungsten resources, the raw material side remains high production costs and tight supply. Besides, the new guide prices for the second half of May remain unchanged and main tungsten enterprises in the Tungsten Industry Association launched a production reduction plan, which adds confidence to the Cemented Carbide Cutting Tool market's willingness to stabilize.

Zhangyuan Tungsten’s new offers for the second half of May: wolframite concentrate (WO3≥55%) price was $14,531.25/t, scheelite concentrate (WO3≥55%) price was $14,296.9/t, APT price was $256/mtu, unchanged from last time.

Prices of tungsten products on May 22, 2019

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Red car, white handrail, colorful advertising board...Different things have different colors. Due to the existence of pigment, we can say goodbye to the world in which only black, white and grey exist. Molybdenum has various kinds of chemical performances. 

A lot of salts of molybdenum present different colors, which are widely applied to printing ink, paint, plastics, rubber and ceramics. The molybdenum pigments are environmentally-friendly so that can provide a healthy and comfortable environment for you. They are replacing the poisonous lead and chromium to take charge of pigment market.

Lead solid tungsten carbide rods molybdate chromate is a kind of inorganic pigment which contains lead molybdate, lead chromate and lead sulfate. Its colors are bright and chromatograph is complete. Besides, the lead molybdate chromate is characterized by light and heat stability of which colors range from bright red, orange and red to yellow. There are also a lot of properties, such as high coloring power, strong covering power, good oil absorption, water resistance, light resistance, rholite resistance and dispersion. What’s more, the price of pigment is cheap which is relatively low compared with other pigment.

The excellent properties of lead molybdate chromate make it can be used to make up the paint of the large-scale mobile machinery, transportation and outdoor equipment, such as bridge, civil engineering machinery and cars. It can withstand Yg6 Carbide Tips the long-term wind, sun and rain and ensure that its surface is bright without “orange peel”. For example, the lead molybdate chromate has been applied to the finish of Nanpu Bridge steel, the handrail of approach span and vehicles such as coach and bus. The paint films are clear and bright. Besides, the lead molybdate chromate is an important inorganic synthetic pigment which can be used as the coloring agent of plastics, paint, ceramics, rubber products, oil ink and so on.

Every year, a lot of steel is discarded because it is corroded and rusted. The economic loss is hard to estimate, and it is important to have a paint that can prevent from being rusted. Zinc molybdate is a white non-toxic anti-rust pigment, generally in the form of powder. Its dry powder color is light yellow or white, and the grain size range is 0.2~10μm. The powder is difficult to dissolve in water, but it is easy to dissolve in acid. The price is moderate. It can replace toxic anti-rust pigments which contain lead and chromium without affecting the cost of paint. The primer is white which can replace titanium dioxide and be widely used in primers, finishes and floor-bonded primers and water-based paints.

Nowadays the most widely-used inorganic yellow pigments in the world today are lead chromate and cadmium sulfide, but lead, chromium and cadmium are highly toxic. Molybdenum yellow is not only non-toxic and safe to use, but also has bright color, good light and thermal stability. Therefore, it is suitable for making various products, such as ordinary paints, high paint and building coatings. In addition, it can be applied to civil use, engineering plastic products, colored wax products and colored graphite.

Are you still afraid of pigment toxicity? Too expensive? With molybdenum pigment, all these worries are gone. Moreover, China is the world's largest molybdenum resources, so molybdenum reserves are very rich. The market prospect of molybdenum pigments is very broad. 

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