Core Viewpoint - China's tungsten resources, despite being the largest producer and holder of reserves globally, have been sold at low prices, but recent government actions are leading to a significant price increase and a shift in market dynamics [1][11][14] Group 1: Tungsten's Importance - Tungsten is referred to as "industrial teeth" and is more precious than rare earth elements, with the highest melting point among metals at 3422 degrees Celsius [3][4] - It is essential in various high-tech applications, including aerospace engines and armor-piercing ammunition, highlighting its strategic value [4][6] Group 2: China's Dominance in Tungsten - China holds 52% of the world's tungsten reserves (290 million tons) and produces 82% of the global output (7.9 million tons) [6] - The province of Jiangxi alone accounts for 60% of China's tungsten production, showcasing the concentration of resources [6] Group 3: Historical Pricing Issues - In 2015, 56% of Chinese tungsten companies were operating at a loss, with prices for tungsten concentrate dropping to as low as 20,000 yuan per ton, significantly undervaluing the resource [8] - Factors contributing to low prices included excessive competition, a focus on low-value primary products, and a lack of advanced processing capabilities [8][9] Group 4: Recent Changes and Future Outlook - Since 2020, the Chinese government has implemented strict controls on tungsten mining and announced export restrictions, leading to a dramatic price increase to 170,000 yuan per ton by 2025 [11][14] - The shift from merely exporting raw materials to developing high-value products indicates a strategic transformation in China's tungsten industry, enhancing its market power [13][14]
比稀土还要珍贵的钨矿!中国产量全球第一,为什么却以白菜价销售
Sou Hu Cai Jing·2025-09-05 09:38