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Tungsten Market Summary

More than 80% of the world’s tungsten is supplied by China.

Recently, China’s demand for tungsten accounts for over 50% of global consumption.

USA, Europe and Japan represent between 10 and 13% of the world total demand.

In the beginning of 2009, the global recession led to a 20% fall in APT prices, but by the second of the year prices started to stabilize.

Although tungsten prices dropped nearly 18% in 2009, other metals such as cobalt, molybdenum and nickel were hit much harder by the recession.

  • Cobalt dropped 54%
  • Molybdenum dropped 59%
  • Nickel dropped 31%

 

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