Tungsten Industry Annual Report 2023
2024-03-01 18:04:58 【Print】
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Content
1 Definition, Type, Distribution, Application 4
1.1 Definition 4
1.2 Type 4
1.3 Distribution 4
1.3.1 Tungsten resource reserve 4
1.3.2 Output ratio and number of operating entities 4
1.3.2.1 Tungsten Concentrate 5
1.3.2.2 Ammonium Paratungstate 5
1.3.2.3 Tungsten powder 5
1.4 Application 5
2 Economy and Policy 6
2.1 China releases 2023 Catalogue of Goods Subject to Export License Administration 6
2.2 China to launch new round of domestic strategic minerals prospecting 6
2.3 World Bank lowers global economic growth forecast to 1.7% for 2023 6
2.4 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 6
2.5 IMF raises forecast for global economic growth in 2023 to 2.9% 6
2.6 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 6
2.7 China again extends tariff exemptions on some U.S. imported products 7
2.8 Demonstration project of high-quality cycle and vanado-tungsten co-extraction with 40k m3/year spent denitrification catalyst passes assessment 7
2.9 Hunan to build national strategic rare mineral development technology center 7
2.10 Beijing-Tianjin-Hebei Region's economic aggregate exceeds RMB1 billion 7
2.11 45 national clusters' total output value exceeds RMB20 trillion 7
2.12 Qinghai to launch new round of strategic mineral prospecting 7
2.13 GACC: China's foreign trade sector begins with steady performance in first two months of 2023 7
2.14 China's Jiangxi takes actions on vital mineral resource management 7
2.15 EU to cut energy consumption by 11.7% further by 2030 7
2.16 China to cut reserve requirement ratio by 0.25 percentage points 7
2.17 Shanghai's foreign trade hits record high in first two months 7
2.18 China further enforces preferential policies for small businesses regarding income tax 8
2.19 World Bank raises China's economic growth forecast to 5.1% 8
2.20 WTO raises global trade growth forecast for 2023 8
2.21 GACC: China's gross imports and exports up by 4.8% YoY in Q1 8
2.22 China announces 2023 first-batch overall tungsten concentrate mining quota 8
2.23 China revises method of collecting proceeds from transfer of mining rights 8
2.24 China,Gabon agree to bolster ties 8
2.25 EU Parliament approves world-first carbon border tax policy 8
2.26 China to take special action on screening and preventing potential large accidents 8
2.27 China to further expand scale of RMB settlement for cross-border trade 8
2.28 Argentina to pay for Chinese imports in yuan instead of dollars 8
2.29 China to take special action on screening and preventing potential large accidents 9
2.30 China to further expand scale of RMB settlement for cross-border trade 9
2.31 Argentina to pay for Chinese imports in yuan instead of dollars 9
2.32 China to loosen limitation on transferring mining rights 9
2.33 China to scale up medium and long-term lending toward manufacturing sector 9
2.34 NBS: China's production of ten nonferrous metals up by 7.7% YoY in Jan-May 9
2.35 Late backlash delays passage of new EU renewables targets 9
2.36 UN forecasts world economic growth of 2.3% in 2023 9
2.37 Macron Says Mongolia to Supply Critical Metals for Green Push 9
2.38 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 9
2.39 EU extends duty suspension for Ukrainian products for another year 9
2.40 Hunan to set up prospecting fund for prospecting strategic minerals 9
2.41 NBS: Profits of auto manufacturing industry up by 1.02 times in Jun 9
2.42 China H1 foreign trade exceeds 20 trillion yuan for first time 10
2.43 Jiangxi province vows to build modern industrial system 10
2.44 China releases plan to stabilize industrial growth for nonferrous metals 10
2.45 Shanxi delegates transfer and registration of exploration rights for mineral species 10
2.46 The Belt and Road Initiative links over 150 countries and 30 international organizations 10
2.47 US government mulls 50-year mining ban in northern New Mexico 10
2.48 Russia introduces flexible export duties on ferrous and precious metals 10
2.49 China announces annual tungsten concentrate mining quota for 2023 10
2.50 China reports reserve increase in 40% of minerals in 2022 10
2.51 Sichuan issues plan to peak carbon emission for industrial sector 10
2.52 Kazakhstan extends export ban on scrap metals another six months 11
2.53 China launches third round of central environmental inspections 11
2.54 SEIFSA urges not to extend scrap metal export ban 11
2.55 China to adjust import and export tariffs in 2024 11
2.56 China completes on-site work for third round of central environmental inspections 11
2.57 China considers amending law to promote rational utilization of mineral resources 11
3 Market Movements 11
3.1 Domestic market 11
3.1.1 Chinese tungsten concentrate 65%min EXW 11
3.1.2 Chinese APT 88.5%min EXW 12
3.1.3 Chinese tungsten oxide 99.95%min EXW 13
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7μm EXW 14
3.1.5 Chinese tungsten powder 99.95%min 2.5-7μm EXW 15
3.1.6 Chinese ferrotungsten 75%min EXW 17
3.1.7 Chinese ferrotungsten 70%min EXW 18
3.1.8 Chinese tungsten bar 99.9%min EXW 19
3.1.9 Chinese sodium tungstate 68%min EXW 20
3.1.10 Tungsten scrap 21
3.2 Chinese export market 24
3.2.1 Chinese APT 88.5%min FOB 24
3.2.2 Chinese tungsten carbide powder 99.8%min 2.5-7μm FOB 25
3.2.3 Chinese tungsten oxide WO3 99.95%min FOB 27
3.2.4 Chinese ferrotungsten 75%min FOB 28
3.2.5 Chinese tungsten bar W-4 99.9%min FOB 29
3.3 International Market 30
3.3.1 African tungsten concentrate 50%min FOB 30
3.3.2 European APT 88.5%min in Warehouse Rotterdam 31
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 32
3.3.4 Russian ferrotungsten 75%min FOB 32
4 Company News 34
4.1 Xiamen Tungsten to cooperate with other two parties in developing Dahutang tungsten mine 34
4.2 Zhangyuan Tungsten: Ultra-high-performance tungsten powder production project goes into trial operation 34
4.3 XTC: Tungsten wire sales for photovoltaics exceed 16 billion meters in 2022 34
4.4 XTC to raise no more than RMB4 billion for tungsten projects 34
4.5 Almonty to restart Spanish tungsten operations 34
4.6 Zhangyuan Tungsten has existing 15Ktpy tungsten powder production capacity 34
4.7 XTC: Sales of fine tungsten wire for photovoltaics up by 694.8% YOY in Jan-May 34
4.8 Ganzhou Tungsten Technology Research Institute inaugurated in Dayu 34
4.9 ZCC to upgrade ultrafine tungsten carbide powder production line 34
4.10 Jiangxi Ganbei Xiushui Tungsten to suspend production for equipment maintenance 34
4.11 Yangling Metron to set up tungsten wire subsidiary 34
4.12 Jiangxi Xinsheng resumes APT production 34
4.13 Jiangxi Tonggu plans to halt production for maintenance 35
4.14 Fujian Ganmin suspends ferrotungsten production 35
4.15 Dahutang tungsten mine and tungsten industrial park project launched in Wuning 35
4.16 Jinjiang Tungsten halts APT production 35
4.17 CMOC granted mining licence for Sandaozhuang molybdenum mine 35
4.18 Xiamen Honglu breaks ground on 60-bln-meter PV tungsten wire production line 35
5 Producers Statistics 35
5.1 Chinese tungsten concentrate producers' statistics 35
5.1.1 Number of Chinese tungsten concentrate producers in 2022 35
5.1.2 Chinese tungsten concentrate producers' production capacity in 2022 35
5.1.3 Chinese tungsten concentrate producers' operating rate in 2022 36
5.1.4 Chinese tungsten concentrate producers' output in 2022 36
5.1.5 Chinese tungsten concentrate producers' inventory in 2022 37
5.2 Chinese APT producers' statistics 37
5.2.1 Number of Chinese APT producers in 2022 37
5.2.2 Chinese APT producers' production capacity in 2022 37
5.2.3 Chinese APT producers' operating rate in 2022 38
5.2.4 Chinese APT producers' output in 2022 38
5.2.5 Chinese APT producers' inventory in 2022 38
5.3 Chinese tungsten carbide powder producers' statistics 39
5.3.1 Numeber of Chinese tungsten carbide powder producersr in 2022 39
5.3.2 Chinese tungsten carbide powder producers' production capacity in 2022 39
5.3.3 Chinese tungsten carbide powder producers' operating rate in 2022 40
5.3.4 Chinese tungsten carbide powder producers' output in 2022 40
5.3.5 Chinese tungsten carbide powder producers' inventory in 2022 40
6 Customs Statistics 41
6.1 China's tungsten concentrate imports in 2023 41
6.2 China's APT exports in 2023 41
6.3 China's tungsten powder exports in 2023 41
6.4 China's tungsten carbide powder exports in 2023 42
6.5 China's tungsten blue exports in 2023 42
6.6 China's tungsten yellow exports in 2023 43
7 Supply and Demand Outlook for 2024 43
7.1 Supply and demand for tungsten concentrate 43
7.2 Supply and demand for APT 43
7.3 Supply and demand for tungsten powder 43
1 Definition, Type, Distribution, Application 4
1.1 Definition 4
1.2 Type 4
1.3 Distribution 4
1.3.1 Tungsten resource reserve 4
1.3.2 Output ratio and number of operating entities 4
1.3.2.1 Tungsten Concentrate 5
1.3.2.2 Ammonium Paratungstate 5
1.3.2.3 Tungsten powder 5
1.4 Application 5
2 Economy and Policy 6
2.1 China releases 2023 Catalogue of Goods Subject to Export License Administration 6
2.2 China to launch new round of domestic strategic minerals prospecting 6
2.3 World Bank lowers global economic growth forecast to 1.7% for 2023 6
2.4 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 6
2.5 IMF raises forecast for global economic growth in 2023 to 2.9% 6
2.6 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 6
2.7 China again extends tariff exemptions on some U.S. imported products 7
2.8 Demonstration project of high-quality cycle and vanado-tungsten co-extraction with 40k m3/year spent denitrification catalyst passes assessment 7
2.9 Hunan to build national strategic rare mineral development technology center 7
2.10 Beijing-Tianjin-Hebei Region's economic aggregate exceeds RMB1 billion 7
2.11 45 national clusters' total output value exceeds RMB20 trillion 7
2.12 Qinghai to launch new round of strategic mineral prospecting 7
2.13 GACC: China's foreign trade sector begins with steady performance in first two months of 2023 7
2.14 China's Jiangxi takes actions on vital mineral resource management 7
2.15 EU to cut energy consumption by 11.7% further by 2030 7
2.16 China to cut reserve requirement ratio by 0.25 percentage points 7
2.17 Shanghai's foreign trade hits record high in first two months 7
2.18 China further enforces preferential policies for small businesses regarding income tax 8
2.19 World Bank raises China's economic growth forecast to 5.1% 8
2.20 WTO raises global trade growth forecast for 2023 8
2.21 GACC: China's gross imports and exports up by 4.8% YoY in Q1 8
2.22 China announces 2023 first-batch overall tungsten concentrate mining quota 8
2.23 China revises method of collecting proceeds from transfer of mining rights 8
2.24 China,Gabon agree to bolster ties 8
2.25 EU Parliament approves world-first carbon border tax policy 8
2.26 China to take special action on screening and preventing potential large accidents 8
2.27 China to further expand scale of RMB settlement for cross-border trade 8
2.28 Argentina to pay for Chinese imports in yuan instead of dollars 8
2.29 China to take special action on screening and preventing potential large accidents 9
2.30 China to further expand scale of RMB settlement for cross-border trade 9
2.31 Argentina to pay for Chinese imports in yuan instead of dollars 9
2.32 China to loosen limitation on transferring mining rights 9
2.33 China to scale up medium and long-term lending toward manufacturing sector 9
2.34 NBS: China's production of ten nonferrous metals up by 7.7% YoY in Jan-May 9
2.35 Late backlash delays passage of new EU renewables targets 9
2.36 UN forecasts world economic growth of 2.3% in 2023 9
2.37 Macron Says Mongolia to Supply Critical Metals for Green Push 9
2.38 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 9
2.39 EU extends duty suspension for Ukrainian products for another year 9
2.40 Hunan to set up prospecting fund for prospecting strategic minerals 9
2.41 NBS: Profits of auto manufacturing industry up by 1.02 times in Jun 9
2.42 China H1 foreign trade exceeds 20 trillion yuan for first time 10
2.43 Jiangxi province vows to build modern industrial system 10
2.44 China releases plan to stabilize industrial growth for nonferrous metals 10
2.45 Shanxi delegates transfer and registration of exploration rights for mineral species 10
2.46 The Belt and Road Initiative links over 150 countries and 30 international organizations 10
2.47 US government mulls 50-year mining ban in northern New Mexico 10
2.48 Russia introduces flexible export duties on ferrous and precious metals 10
2.49 China announces annual tungsten concentrate mining quota for 2023 10
2.50 China reports reserve increase in 40% of minerals in 2022 10
2.51 Sichuan issues plan to peak carbon emission for industrial sector 10
2.52 Kazakhstan extends export ban on scrap metals another six months 11
2.53 China launches third round of central environmental inspections 11
2.54 SEIFSA urges not to extend scrap metal export ban 11
2.55 China to adjust import and export tariffs in 2024 11
2.56 China completes on-site work for third round of central environmental inspections 11
2.57 China considers amending law to promote rational utilization of mineral resources 11
3 Market Movements 11
3.1 Domestic market 11
3.1.1 Chinese tungsten concentrate 65%min EXW 11
3.1.2 Chinese APT 88.5%min EXW 12
3.1.3 Chinese tungsten oxide 99.95%min EXW 13
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7μm EXW 14
3.1.5 Chinese tungsten powder 99.95%min 2.5-7μm EXW 15
3.1.6 Chinese ferrotungsten 75%min EXW 17
3.1.7 Chinese ferrotungsten 70%min EXW 18
3.1.8 Chinese tungsten bar 99.9%min EXW 19
3.1.9 Chinese sodium tungstate 68%min EXW 20
3.1.10 Tungsten scrap 21
3.2 Chinese export market 24
3.2.1 Chinese APT 88.5%min FOB 24
3.2.2 Chinese tungsten carbide powder 99.8%min 2.5-7μm FOB 25
3.2.3 Chinese tungsten oxide WO3 99.95%min FOB 27
3.2.4 Chinese ferrotungsten 75%min FOB 28
3.2.5 Chinese tungsten bar W-4 99.9%min FOB 29
3.3 International Market 30
3.3.1 African tungsten concentrate 50%min FOB 30
3.3.2 European APT 88.5%min in Warehouse Rotterdam 31
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 32
3.3.4 Russian ferrotungsten 75%min FOB 32
4 Company News 34
4.1 Xiamen Tungsten to cooperate with other two parties in developing Dahutang tungsten mine 34
4.2 Zhangyuan Tungsten: Ultra-high-performance tungsten powder production project goes into trial operation 34
4.3 XTC: Tungsten wire sales for photovoltaics exceed 16 billion meters in 2022 34
4.4 XTC to raise no more than RMB4 billion for tungsten projects 34
4.5 Almonty to restart Spanish tungsten operations 34
4.6 Zhangyuan Tungsten has existing 15Ktpy tungsten powder production capacity 34
4.7 XTC: Sales of fine tungsten wire for photovoltaics up by 694.8% YOY in Jan-May 34
4.8 Ganzhou Tungsten Technology Research Institute inaugurated in Dayu 34
4.9 ZCC to upgrade ultrafine tungsten carbide powder production line 34
4.10 Jiangxi Ganbei Xiushui Tungsten to suspend production for equipment maintenance 34
4.11 Yangling Metron to set up tungsten wire subsidiary 34
4.12 Jiangxi Xinsheng resumes APT production 34
4.13 Jiangxi Tonggu plans to halt production for maintenance 35
4.14 Fujian Ganmin suspends ferrotungsten production 35
4.15 Dahutang tungsten mine and tungsten industrial park project launched in Wuning 35
4.16 Jinjiang Tungsten halts APT production 35
4.17 CMOC granted mining licence for Sandaozhuang molybdenum mine 35
4.18 Xiamen Honglu breaks ground on 60-bln-meter PV tungsten wire production line 35
5 Producers Statistics 35
5.1 Chinese tungsten concentrate producers' statistics 35
5.1.1 Number of Chinese tungsten concentrate producers in 2022 35
5.1.2 Chinese tungsten concentrate producers' production capacity in 2022 35
5.1.3 Chinese tungsten concentrate producers' operating rate in 2022 36
5.1.4 Chinese tungsten concentrate producers' output in 2022 36
5.1.5 Chinese tungsten concentrate producers' inventory in 2022 37
5.2 Chinese APT producers' statistics 37
5.2.1 Number of Chinese APT producers in 2022 37
5.2.2 Chinese APT producers' production capacity in 2022 37
5.2.3 Chinese APT producers' operating rate in 2022 38
5.2.4 Chinese APT producers' output in 2022 38
5.2.5 Chinese APT producers' inventory in 2022 38
5.3 Chinese tungsten carbide powder producers' statistics 39
5.3.1 Numeber of Chinese tungsten carbide powder producersr in 2022 39
5.3.2 Chinese tungsten carbide powder producers' production capacity in 2022 39
5.3.3 Chinese tungsten carbide powder producers' operating rate in 2022 40
5.3.4 Chinese tungsten carbide powder producers' output in 2022 40
5.3.5 Chinese tungsten carbide powder producers' inventory in 2022 40
6 Customs Statistics 41
6.1 China's tungsten concentrate imports in 2023 41
6.2 China's APT exports in 2023 41
6.3 China's tungsten powder exports in 2023 41
6.4 China's tungsten carbide powder exports in 2023 42
6.5 China's tungsten blue exports in 2023 42
6.6 China's tungsten yellow exports in 2023 43
7 Supply and Demand Outlook for 2024 43
7.1 Supply and demand for tungsten concentrate 43
7.2 Supply and demand for APT 43
7.3 Supply and demand for tungsten powder 43
