China Tungsten Industry Report in 2010
Although China has implemented years of total exploitation amount control on tungsten, the actual output has always exceeded the quota in each of the years. For example, China s tungsten concentrate (65% WO3) output was 104,800 tons in 2009, which was 36,000 tons more than the quota.
China s Tungsten Concentrate (65% WO3) Output, 2002-2010 (Unit: 1,000 Tons)
Source: National Bureau of Statistics of China
Xiamen Tungsten Co., Ltd. is an important tungsten smelting and manufacturing enterprise in China. Its tungsten smelting capacity is 12,000 tons, ranking first in the world. It has two tungsten mines, two tungsten smelters, one tungsten carbide company, and four tungsten and molybdenum filament companies. With a variety of products and a complete industrial chain covering tungsten concentrate - tungsten smelting - tungsten processing, it has sharpened its competitive edge in the industry.
Xiamen Tungsten s development in 2010 will mainly be affected by the following factors:
1. Export Quota
As the export quota it obtained cannot meet its export demand, Xiamen Tungsten has been borrowing quotas from Minmetals in recent years. But as China s total tungsten export quota decreases, borrowing quotas cannot resolve the problem of export very well. In this regard, Xiamen Tungsten will accelerate the development of its own mines and the deep-processed products that do not need export quotas in 2010 to gradually reduce its dependence on the export quota.
2. Weaker Demand for Tungsten Filament Caused by the Development of LED Lights
The rapid development of LED has caused the overall decline in China s demand for tungsten filament, which has also impacted the tungsten filament business of Xiamen Tungsten. Therefore, Xiamen Tungsten will orient its tungsten filament business to the R&D and promotion of tungsten and molybdenum filament for energy-saving lamps as well as specialty tungsten and molybdenum filament in 2010 to reduce the impact of the declining demand for tungsten filament.
If you need any more details of the above news and/or products, please visit Chinatungsten Online, or contact us directly.
Disclaimer: The article is only reflecting the opinions of the author. We have no responsibility to prove the originality and authenticity of the content, words and/or pictures. You readers should just take it as reference and check the details by yourselves. And the content is not a suggestion for investment decision. The investor takes his or her own risks if he or she operates accordingly. If you have any dissent about the contents above, please contact the relevant author, or the webmaster. We will try our best to assist the dealing of the related issues. Thanks for your visit and cooperation.
