Global tungsten production volume to reach 3.8% annual growth

By Liz Nickels

During 2010-2011, the world tungsten production followed an upward trend, growing by around 10,000 tonnes per year. However, in 2012, it witnessed a 1.2% year on year decline and stood at just over 83,000 tonnes. In the same year, China took the lead in the world tungsten market in terms of production volume, accounting for 75% of the world's total tungsten production volume.

As of 2012, the top five tungsten producing countries (China, the US, Russia, Canada and Austria) produced together around 78,000 tonnes (94% of the world's total). China is expected to hold its leading position in terms of tungsten production and exports.

Currently, Dentonia Resources, Brazil Tungsten Holdings Limited, Geodex Minerals, A&IR Mining JSC, Jiangxi Rare Metals Tungsten Holdings Group, Wolfram Company CJSC, Shanghai Metal Corporation and Hunan Nonferrous Metals Corp are among the strongest competitors in the worldwide tungsten market.

The report Tungsten: 2014 Market Review and Forecast has been prepared by Merchant Research & Consulting and published by Market Publishers Ltd.