Global tungsten resources and supply and demand

       As a strategic resource, tungsten is widely used in various fields such as national defense and national economy. However, tungsten reserves in the world are very small and its protection level is not high. Many countries have listed it in the strategic reserve list, and its status is very prominent. 



This article briefly introduces the distribution of tungsten deposits in the world, the changes of tungsten deposits and the changes in the pattern of supply and demand of tungsten ore. The trends of global tungsten resource supply and consumption in recent 10 years are analyzed. The linear relationship between resource consumption and GDP is used to predict the global tungsten consumption in the next 5 years Continued to increase, China's consumption of tungsten ore will also grow rapidly.



Finally, according to the current situation of tungsten resources in the world and the trend of future changes, this paper provides some suggestions and countermeasures for the development of tungsten industry in China from the aspects of tungsten resource advantages, policies, consumption and overseas exploration investment. Hope that through the analysis of this article, to provide some reference value for overseas mineral exploration investment.



Tungsten is a very important strategic metal, "Industrial Teeth," said. With high melting point, high hardness, high density, good conductivity and thermal conductivity, low coefficient of expansion and other properties, it has important and extensive applications in the fields of aerospace, military, steel, automobile, machinery, petrochemical and mining. Tungsten is mainly used for the production of tungsten carbide and tungsten steel, tungsten and so on. 



Tungsten metal and titanium, cobalt, tantalum (niobium) and other components for the production of hard alloy cutting tools; tungsten metal and nickel, iron, copper and other metal tungsten alloy is mainly used for aerospace gyroscope rotor, counterweight , Shock absorbers, armor-piercing projectiles of conventional weapons, shielding devices and components for radiation protection, die-casting molds for machinery manufacturing, flywheels and pendulums for automatic watches, contacts and electrodes for electrical equipment, and the like. Some tungsten compounds can be used as fluorescent agents, pigments, dyes and so on. With the development of the global economy and the advancement of science and technology, the application of tungsten has expanded and the demand has been strong. 



However, the global tungsten resource reserves are extremely low and the protection level is not high. Many countries have placed their names on the strategic reserve list and their status is very prominent.