Tungsten Market Outlook to 2016 Published

UK Roskill Information Services has published the 10th edition of its market forecast of the tungsten industry.

As quoted in the press release:

Roskill outlines the historical position of the tungsten market from the 1990s when most western producers stopped production in the face of Chinese oversupply and low prices. In 2000, the Chinese government began the process of controlling its tungsten industry through the imposition of production and export quotas, and the removal of export rebates on tungsten products. Now as stockpiles have dwindled, tungsten seems to have strong market fundamentals.

Roskill said:

The onset of the global recession in 2009 saw tungsten prices fall sharply. Between the end of 2008 and beginning of 2010, prices for Chinese APT fell by just over 20%, with a similar fall in European prices. Of this price fall, approximately 92% took place in the first half of 2009, with the second half of the year showing early signs of stability. As the global economy started to improve from the fourth quarter of 2009, demand for tungsten also increased. The general improvement in economic sentiment saw prices increase steadily throughout 2010 and the rise in prices accelerated in 2011 as supply of tungsten had struggled to meet the recovery in demand.

Click here to read the full UK Roskill Information Services press release.