news flash·2025-04-25 00:17Group 1 - The Ministry of Natural Resources issued a total control index for tungsten mining of 58,000 tons for the first batch in 2025, which is a decrease of 4,000 tons compared to the first batch in 2024, representing a year-on-year decline of 6.5% and an increase in the decline rate by 4.9 percentage points [1] - The tungsten industry is expected to have limited short-term growth due to constraints from mining quotas, environmental regulations, declining ore grades, and the difficulty of bringing new projects online in the short term [1] - Downstream demand is anticipated to grow rapidly due to equipment renewal policies and the demand for photovoltaic tungsten wire, which may support an upward trend in tungsten prices [1] Group 2 - The tungsten industry is likely to undergo transformation and upgrading under the backdrop of export control policies, further strengthening the strategic attributes of tungsten resources [1]