LONDON, May 1, 2019 /PRNewswire/ — Tungsten is a vital ingredient used in a wide range of final products. Its special qualities in some key end-uses make it difficult to replace. However, it is not a demand concern that keeps market participants worried, but one more fundamental to any resource market: will there be enough supply? In this Insight we explore the current supply outlook and review some of the major risks to the supply base. Tungsten is a high-priced commodity, which is consequently used only in products where its performance justifies the cost of the raw material. This includes cemented carbides, high alloy steels and superalloys, electrical and electronic applications. Due to this wide range of applications, total tungsten demand is driven by a combination of developments in the broader world economy (industrialisation). The tungsten industry has undergone tremendous change. In the last quarter of the twentieth century, sales from the US and later ex-Soviet government stockpiles, plus uncoordinated production from many small-scale Chinese mines, led to oversupply in the tungsten market. This resulted in market prices being depressed to the point where all bu...