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Market Trend Analysis of tungsten resource

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The highly varied international and domestic tungsten markets makes it difficult to accurately predict the future demand for the material. In 1992~1995, the former Ministry of Geology and Mineral Resources and the former CNNMIC conducted a study and demonstration of the degree of securing enough resources of China’s major nonferrous metals for its national economic construction in the year 2010. As predicted by the study, the country’s total demand for tungsten concentrates (domestic consumption plus exports) will be 46,000 tons in 2000, 48,000 tons in 2005, 50,000 tons in 2010, and 54,000 tons in 2020. Based on this, the cumulative demand for tungsten concentrates in the period 1992~2020 is estimated at 1.375 million tons, of which 375,000 tons will be needed in 1992~2000, about 480,000 tons in 2001~2010, and roughly 520,000 tons in 2011~2020. An analysis of the presently available reserves (WO3) and mine production capacity indicates that the country’s tungsten resources can meet its demand.

Based on the above-mentioned prediction, we may make a disposition of the country’s tungsten resources. If 1.2 tons of minable reserve (WO3) is needed for producing 1 ton of tungsten concentrates, the required minable tonnages (WO3) in different periods would be as follows: 450,000 tons in 1992~2000, 576,000 tons in 2001~2010, and 624,000 tons in 2011~2020, totalling 1.65 million tons. According to the data of mineral reserves at the end of 1994 published by the ’96 Report on the Mineral Resources in China, the country’s minable tungsten reserves (WO3) total 2.32 million tons. Therefore, the country’s minable reserves are enough to meet its demand from the present up to the year 2020, and the degree of security of the resources is generally and macroscopically high. The country’s wolframite industrial reserves, however, would be sufficient for mining only up to the year 2005 if no other new mines are constructed and no further geological prospecting conducted.Henan Hongxing Mining Machinery Co., Ltd is the professional manufacturer of complete sets of mining machinery, for example,sand washing plant,mobile crushing station Welcome all of you to visit our official website.china mobile crusher:

To guarantee a sustainable development of China’s tungsten industry, it is necessary to maintain and give full play to its resource superiority. Numerous enlightened people in the circles of tungsten industry hold that with respect to the development strategy of China’s tungsten industry, it is imperative to make the industry market-oriented and adaptable to the requirements of massive socialized production, actively open up both international and domestic markets, rationally dispose the various productive elements, energetically streamline the structure of the products, put emphasis on wolframite geological prospecting and development, appropriately produce tungsten concentrates and strengthen the development of intermediate products of tungsten. At the same time, it is also imperative to transform the mechanism of the business, restructure the assets and take the path of intensive management so that the resource superiority of the tungsten industry can be turned into the preponderance of economic efficiency.


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  • Posted On May 6, 2012
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