智通财经网·2025-04-23 03:41Group 1 - The first batch of tungsten mining quotas for 2025 is set at 58,000 tons, a decrease of approximately 6.45% compared to the previous year, indicating a tightening supply of tungsten resources [1][2] - The Chinese government will no longer issue total control indicators for small-scale tungsten mines starting in 2024, but companies must report their tungsten production [2] - Domestic tungsten production is expected to be around 88,500 tons in 2024, reflecting a year-on-year decline of 7.77%, which accounts for about 83% of global tungsten supply [3] Group 2 - Tungsten is recognized as a strategic resource with increasing demand due to its applications in military, aerospace, and electronics, alongside a recovering manufacturing sector [4] - The domestic manufacturing PMI index improved by 0.3 percentage points to 50.5% in March, indicating a gradual recovery in demand for tungsten-related products [4] - Recommended stocks benefiting from the tungsten market dynamics include Xiamen Tungsten (600549.SH) and China Tungsten High-Tech (000657.SZ) [1]