China’s Grip On Tungsten Continues

IBTimes reported China’s stronghold on tungsten and other rare earths continues.

As quoted in the market news:

China consumes some of the world’s most used materials such as tungsten and molybdenum, which is used to make hi-tech equipment, cars, chemicals, steel and products in the non-ferrous metal industries.

It also holds some of the world’s largest reserves in 17 materials and has placed stringent export restrictions, including quotas, duties and additional requirements on them.