Tungsten is a hard, rare metal of critical and strategic importance. The
British Geological Survey ranks tungsten among the scarcest elements on earth
- rarer even than rare earths. The US Department of Energy also considers
tungsten a critical material. The European Commission identified tungsten as
the second most critical material in terms of economic importance vs. supply
risk. The metal's unique properties make it essential to the manufacture of
everything from drill bits to cruise missiles and there are no known
substitutes.
China currently dominates the supply of tungsten and is expected to do so for
the next decade. However, the Chinese government has adopted restrictive
policies including implementing quota systems, increasing tax rates and
pushing for industry consolidation, etc. to reorganize its tungsten industry,
the same as in its rare earth industry. Chinese primary tungsten production
will be curbed to half its historical growth rate going forward. Further, very
few tungsten mines outside of China are expected to be in production, or close
to beginning production, during the next few years.
Rising demand for tungsten coupled with dwindling supplies is keeping prices
high. As a result, tungsten presents a unique situation with many
opportunities for producers, fabricators and investors.
This report provides an in-depth look at the global tungsten industry
including:
What is tungsten, where does it come from, how is it obtained, what is it
used for and why it is so important.
Tungsten production, demand, prices, world trade and market outlook.
China's role in tungsten supply, consumption, industry consolidation,
pricing and shortages.
Detailed analysis of the global tungsten market by segment from 2012 to
2022.
Key strategic issues.
Regional trends.
Political risks.
New technologies.
Major opportunities.
Competitive landscape.
Top players in the market.
Additionally, profiles of 28 leading foreign and US companies are given. The
report also includes 61 figures and 24 tables.
Table of Contents
Table of Contents
CONTENTS
EXECUTIVE SUMMARY
INTRODUCTION
Background
Methodology and Sources
Statistical Notes
TUNGSTEN
Definition
History
Physical Properties
Isotopes
Chemical Properties
Biological Role
Occurrence
Extraction Methods
Surface Mining
Underground Mining
Processing
Concentrates
Scrap
Applications
Military
Chemical
Niche Uses
Gold Substitution
Electronics
Conflict Minerals
TUNGSTEN MARKET OVERVIEW
Data Notes
US Legislation and Government Programs
US Production
US Consumption
Prices
Foreign Trade
World Review
Australia
Austria
Brazil
Canada
China
Congo (Kinshasa)
Japan
Peru
Portugal
Russia
Rwanda
Rwanda
South Korea
Spain
Sweden
United Kingdom
Vietnam
Market Outlook
CHINA TUNGSTEN INDUSTRY
Strategic Metal
China Dominates the Supply
Stable Demand
Shortages Expected to Drive Prices Up
Essential to Technology and Industry
China's Market Position
China Curbs Supply Growth
Implementing the Quota Systems
Increasing Tax Rates
Promoting Industry Consolidation
Push for Consolidation
Post Consolidation Winners
Similarities to Rare Earth Industry Consolidation
Production Outlook
Rest of World Supply Lags
Recycling and Stockpile Sales
Broad Based Consumption
Chinese Demand Is Critical
Hard Metals in China
Rest of World Demand Is Mature With Some Exceptions
Shortages To Drive Up Prices
Price Issues
Price Outlook
COMPANY PROFILES
Allegheny Technologies Incorporated
(Background, Tungsten, Engineered Products, Tungsten Materials Sales,
Products, Tungsten Powder, ATI DENSalloyR Tungsten Heavy Alloy, Tungsten
Heavy Alloy Products, Infiltrated Tungsten, Processing Capabilities,
Brakenridge Plant, Significant Barriers to Entry, Competitors)
Almonty Industries Inc
(Background, Tungsten, Los Santos Project, Recent Events)
22. Mitsubishi Materials Revenue and Profits by Segment: 2010-2014
23. North American Tungsten Operating Results: 2011-2013
24. Sandvik AB Corporate Snapshot: 2011
Tungsten: Markets, Competitors and Opportunities 2012 - 2022 Analysis and Forecasts published by Amadee & Company, Inc. in October 10, 2012. This report consists of 125 Pages and the price starts from US $ 1950.
