Why Tungsten Rings Are Increasing in Popularity

As a strategic metal, Carbide Inserts tungsten is widely used in metallurgical machinery, petroleum chemistry, aerial and space industries and national defence engineering. So, today we are going to talk about tungsten supply and demand.

China has rich tungsten resources. During the past 10 years, China supplys more tungsten than the demand. By the end of 1998, China’s tungsten production capacity exceeded 35,000 tons. In recent years, the global demand for tungsten has been about 31,000 tons, whild China’s tungsten production in 1998 amounted to about 22,000 tons, making up 71% of the global tungsten demand.

At present, China’s domestic tungsten demand is about 8,000 tons and most of its tungsten is exported. While, excess tungsten exports have caused a decline in the global tungsten price, which is unfavorable to the development of China’s tungsten industry.
Varied international and domestic tungsten markets make it difficult to accurately predict the future demand for tungsten.
It is necessary to maintain and give full play to tungsten superiority tungsten carbide inserts to guarantee a sustainable development of China’s tungsten industry.
Above is about tungsten supply and demand.

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