Consumption of Tungsten Carbide in Developed Countries
China holds the vast majority of tungsten carbide reserves worldwide. Tungsten is the primary constituent of tungsten carbide, in a molecule of tungsten carbide, tungsten is 94% of the molecule and the carbon is 6%.The use of tungsten and tungsten carbide has been increasing in the developed countries. Tungsten carbide increases industrial productivity. The consumption of tungsten carbide in developed countries has increased steadily in recent years, which is used in hundreds of commercial applications, such as metal removal, wood cutting, mining, wear applications and hundreds more. The actual per capita consumption of tungsten carbide in the USA is more than USD5 per person. The use curve has become exponential in developed countries.
On the other hand, as 3rd world countries develop their industry capability, resulted in the shift from manual labor has increased.3rd world countries are seeking improvement in high productive material as a way to offset the rising cost of manual labor, who are turning to the values offered by tungsten carbide. In China, for example the consumption of tungsten carbide is USD225 million in 2013, which is an average of USD0.15 per capita.Actually,the use of tungsten carbide in USA is 8 times more than China, especially China has the vast majority of tungsten.
