China Nonferrous Metals News
China produced 87 kt of tungsten concentrate (65% WO3) and 139 kt of molybdenum (45% Mo grade) during the first eight months of 2020.
Driven by shrinking global demand caused by Covid-19, China’s exports of tungsten and molybdenum both fell, showing a decline of 29.7% and 25.5% y-o-y respectively from January to July 2020.
China’s fixed asset investments in the tungsten and molybdenum mining and smelting industries decreased by 26.2% and 25.6% y-o-y respectively.
