Archive for December, 2008

Global consumption of tungsten in 2007 was 62,879 tonnes

In addition to dominating the world’s supply of tungsten, China is also the metal’s prime consumer.Global consumption of tungsten in 2007 was 62,879 tonnes, of which China accounted for 31.55%, or 19,838 tonnes. Its consumption of the metal has more than doubled over the last decade. For full story, click here

Has China’s tungsten monopoly backfired?

Shenzhen, the Chinese city that accounts for 60 per cent of China’s total annual exports, is witnessing declining demand for tungsten. In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry.