Albany, NY -- (SBWIRE) -- 08/14/2013 -- Researchmoz presents this most up-to-date research on"China Tungsten Industry Report, 2012".The report focuses primarily on quantitative marketmetrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.
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The wide application of touch screen technology in such electronics as smart phones and tablet PCs boosts the demand for tungsten, and the exploitation of tungsten is circumscribed in many countries, as a result, there is acute conflict between tungsten supply and demand, the prices of tungsten products kept rising in 2010-2011 and still remained high in Q1 2012 though fell slightly.
China, the country with the richest tungsten resources in the world, holds 65% of the global tungsten ore reserves and accounts for around 85% of the global tungsten ore supply. In 2011, Chinas output of tungsten ore concentrates (WO3 65%) hit all-time record high of 135,700 tons, up 4.60% over 2010. Restricted by the limited new exploited resources and the policies concerning total exploration amount control and export quotas, Chinas output of tungsten ores will witness little scope for growth in the coming years and the global tungsten market will present tight supply.
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In 2011, Jiangxi Province remained as the largest producer of tungsten ore concentrates in China with an output of 65,830 tons, accounting for 48.5% of national exploration amount, followed by Hunan Province with an output of 31,150 tons, which could be mainly attributed to their abundant tungsten ore resources together making up more than 50% of total tungsten ore reserves in China.
Jiangxi-based Chongyi Zhangyuan Tungsten Co., Ltd., Jiangxi Tungsten Industry Group Co., Ltd., Jiangxi Rare Earth and Rare Metals Tungsten Group Corporation and Jiangxi Xiushui Xianglushan Tungsten Co., Ltd., and Hunan-based Hunan Nonferrous Metals Holding Group Co., Ltd. and Hunan Chenzhou Mining Group Co., Ltd. are the major tungsten production and processing enterprises in China and have relatively complete industrial chain. In 2011, benefiting from the rising prices of tungsten products, these enterprises delivered robust performance. Meanwhile, the desire for profit and the constraints on tungsten ore resources have urged them to expand downwards the industry chain.
For instance, Chongyi Zhangyuan Tungsten began to carry out the technological transformation project of high-performance and high-precision coated tips since August 2011. The Phase I will complete installation and debugging in H2 2012 and start preliminary production in Q4 2012. It is estimated that the project will provide the company with 100 tons of cemented carbide tool capacity and RMB280 million of revenue upon full completion in 2014.
Xianglushan Tungsten possessed 10,000 tons of APT production capacity and added one tungsten oxide production line in 2011 and will establish workshop for cemented carbide micro-drills in 2012.
Hunan Nonferrous Metals has strengthened the R & D of cemented carbide products and invested in the technological transformation projects of high-performance ultra-fine grain cemented carbide production line and of special shaped cemented carbide & deep processing line to increase its market share in Chinese cemented carbide field.
It is in the report that covers the followings:
The reserves and distribution of global tungsten resources, and the supply & demand of global tungsten industry;
The reserves and distribution of Chinese tungsten resources, and the supply & demand of Chinese tungsten industry;
Annual indexes of Chinas total tungsten exploration amount control and export quotas, and indexes allocated to enterprises and regions;
Competition pattern of Chinese tungsten industry;
The price changes of global and Chinese tungsten products;
Import and export of major tungsten products in China;
Operation of major tungsten production and processing enterprises in China, such as revenue and profit, capacity and output of tungsten ores, main mining resource and production enterprises and their tungsten product business development, etc.
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