LONDON--(BUSINESS WIRE)--China defines the key trends on the global tungsten market as it is the major global producer and stockpile of the metal. The heaviest trade flows are from China and CIS, the second largest tungsten producer, to the Western Europe and the USA. China is seeing a significant decline in the export volumes as the domestic demand for tungsten is on rise and moreover the metal has been put under restrictions on export of certain materials.
National defense industries are growing all over the globe driving the tungsten demand and making grounds for the market to expand. However the future expansion is hampered by supply shortages and highly strong prices.
Detailed review and forecast on global, regional and country markets of tungsten can be found in the new market research report “Tungsten Market Review” that covers present situation, historical background and future forecasts through the coming 5 years. The study features comprehensive data showing tungsten capacities, production, consumption, trade statistics, and prices in the recent years (globally, regionally and by country).
The study on tungsten is elaborated by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Tungsten Market Review” is included into the catalogue “Metals”, which also highlights Aluminum, Antimony, Beryllium, Chromium, Copper, Iron and Steel, Lead, Magnesium, Mercury, Silver, Titanium markets.