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Suggestions for China's tungsten industry

  • Mosten
  • 19 Aug

China has long been a major supplier of tungsten to the international market, but has not yet been able to guide the market sufficiently. The tungsten market has followed the old path of rising price, rising output, oversupply and low price. In order to develop and utilize tungsten resources more reasonably and gain better economic benefits, the following two Suggestions are put forward from the perspective of trade.

1) reduce the export volume of raw material products. After the abolition of export quotas and export duties on tungsten products, the production capacity and output of tungsten concentrate and primary smelting products should be further strictly controlled, backward smelting capacity should be eliminated, and low-level and redundant construction should be eliminated. Reduce the production of raw materials, thereby reducing export supply. Reducing supply is the fundamental way to solve the current weak rise of tungsten price.

2) improve export structure and increase export economic benefits. Adjust the structure of tungsten industry, improve the research and development level of high quality and high-end processing and deep processing products, promote product upgrading, export products to high value-added products. For high-end products that still need to be imported, policy measures should be taken to support and encourage localization of high-end products.

Tags :
tungsten