Tungsten Market Report March 2011

The biggest news in March was the East-Japanese Earthquake, and the tsunami caused by the earthquake made harm to many industries along the east coast of Japan. Many people were killed during the disaster or lost their home.Asian Metal Copyright The tsunami also caused nuclear leakage at the power station, resulting power shortage in Eastern Japan that some areas had to turn off power after a few hours.Asian Metal Copyright The tsunami also caused nuclear leakage at the power station, resulting power shortage in Eastern Japan that some areas had to turn off power after a few hours.Asian Metal Copyright The tsunami also caused nuclear leakage at the power station, resulting power shortage in Eastern Japan that some areas had to turn off power after a few hours.Asian Metal Copyright Although Eastern Japan is not the most important industrial area in Japan, many manufacturers produce parts for downstream industries.Asian Metal CopyrightThe biggest news in March was the East-Japanese Earthquake, and the tsunami caused by the earthquake made harm to many industries along the east coast of Japan.Asian Metal Copyright The broken production chain is mostly serious in automobile and electronic alliance industries.Asian Metal Copyright Many tungsten companies decided to reduce the raw material demand for the second half of the year.Asian Metal Copyright Many tungsten companies decided to reduce the raw material demand for the second half of the year.Asian Metal Copyright In contrast, large-scaled European and US consumers asked Chinese suppliers to increase tungsten supply after the summer holiday season.Asian Metal Copyright In contrast, large-scaled European and US consumers asked Chinese suppliers to increase tungsten supply after the summer holiday season.Asian Metal Copyright Many people were killed during the disaster or lost their home.Asian Metal Copyright It is predicted that export licenses will be tight again later in the year.