Supply Shortages and High Prices Hamper Tungsten Market

Merchant Research and Consulting reports China defines the trends on the global tungsten market.

The press release is quoted as saying,

The heaviest trade flows are from China and CIS, the second largest tungsten producer, to the Western Europe and the USA. China is seeing a significant decline in the export volumes as the domestic demand for tungsten is on rise and moreover the metal has been put under restrictions on export of certain materials.

National defense industries are growing all over the globe driving the tungsten demand and making grounds for the market to expand. However the future expansion is hampered by supply shortages and highly strong prices.

For the complete press release, click here.