On The Economics of the Tungsten Market Whence Supply, Whither Demand?

Tungsten-containing ores are mined on all continents of the world. China is the world's largest producer and controls the world's largest reserves. The USSR, itself a sizeable producer, is estimated to be the world's largest consumer. The major use for tungsten in the noncommunist world is in production of cemented tungsten carbides for cutting, drilling, and wear parts. Other major uses include lamp wires, steels for tools, and armaments. Real tungsten prices have been in a general decline since 1977-1979 as the tungsten market undergoes basic and lasting structural changes.