China: Tungsten product prices continue to rise as supply grows thin
According to the report 'China Tungsten Industry Report 2012' the wide application of touch screen technology in such electronics as smart phones and tablet PCs has boosted the demand for tungsten. According to the report the prices of tungsten products continually rose in 2010-2011 and still remained high in Q1 2012. Chinahas the most rich tungsten resources in the world, holding 65% of the global tungsten ore reserves, 85% of the global tungsten ore supply. In 2011,China's output of tungsten ore concentrates (WO3 65%) hit all-