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    market news

    Has China’s tungsten monopoly backfired?

    Melissa Pistilli
    Dec. 19, 2008 09:04AM PST
    Market News

    Tungsten Investing News reports tungsten demand has been decreasing in China. In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry. Last year, Shenzhen was estimated to export just $18.4 million worth, a reduction of 25 per cent. There are a few …

    Tungsten Investing News reports tungsten demand has been decreasing in China.

    In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry. Last year, Shenzhen was estimated to export just $18.4 million worth, a reduction of 25 per cent. There are a few factors that have caused this, one being the global market slump.  Perhaps, though China’s efforts to control the tungsten industry are backfiring on its own local businesses.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

     

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