“工业牙齿”年内价格涨超2倍 钨业上市公司紧抓机遇

Core Viewpoint - The price of tungsten, known as "industrial teeth," has significantly increased in 2023 due to supply constraints and surging demand from emerging sectors, creating a supply-demand gap that presents development opportunities for China's tungsten industry [1]. Industry Overview - Tungsten is widely used in various fields such as automotive, military, aerospace, machinery, new energy, and semiconductors due to its high melting point, hardness, density, and good thermal conductivity [1]. - The demand for tungsten has seen robust growth, particularly in traditional sectors and emerging markets, with significant increases in demand for tungsten wire in photovoltaic products and hard alloy tools [1][2]. Market Sentiment - Analysts express optimism about the market outlook, indicating that the supply-demand imbalance is expected to persist, keeping tungsten prices at high levels in the coming years [2]. - The market for tungsten is anticipated to remain strong due to limited new mining projects and ongoing demand from various industries [2]. Company Strategies - Companies in the tungsten industry are focusing on resource acquisition, high-value product development, and positioning in emerging markets to strengthen their market advantages [2]. - Xiamen Tungsten Co., Ltd. is enhancing its raw material security by increasing its mining capacity and exploring new mining opportunities, including overseas resources [3]. - Zhongtung High-tech Materials Co., Ltd. is leveraging technological innovation to develop high-value products for the artificial intelligence server market, with significant investments planned for new production lines [3]. Emerging Market Developments - Companies are actively expanding their business in emerging markets such as photovoltaics. For instance, Guangdong Xianglu Tungsten Industry Co., Ltd. has successfully established a production capacity of 6 billion meters of tungsten wire per year [4]. - Xiamen Tungsten is also expanding its applications in photovoltaic tungsten wire and special fields, achieving notable results [4].