As a global tungsten production country, China's global tungsten production was 87,000 tons in 2015, and China's 71,000 tons, accounting for 81.61% of the world's total output. As a strategic resource, tungsten ore is similar to rare earth in terms of storage and production. Under the impetus of supply side reform and economic stabilization, the profit of tungsten products industry is expected to improve. At present, the Ministry of Land and Resources has issued a notice to suspend the application for registration of tungsten ore mining, strictly manage the mining rights of tungsten ore, and control from the supply side.
On the other hand, the State Reserve Bureau plans to collect and store the total amount of tungsten concentrate, equivalent to nearly 10% of the total production last year. At the same time, China Tungsten Industry Association proposed that tungsten concentrate production in 2016 decreased by 15% year-on-year. Under the dual promotion of the implementation of storage and storage and the reduction of production by enterprises, the operating environment of the tungsten industry is expected to improve.