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First, the world economy is undergoing new changes and new variables. Factors of uncertainty are on the rise. Although sino-us trade frictions turn, but the indirect impact on the tungsten industry should not be underestimated. Second, the enterprise management risk is worth paying attention to. First, the implementation of negative list on market access, environmental protection tax, resource tax and other policies, as well as the delineation of red lines for ecological protection, production safety and environmental protection supervision have been strengthened. Secondly, cancel the registration of the change of production scale of mining right, and the expansion of mining capacity, especially the expansion of small mining sites less than 30,000 tons, deserves attention. Third, we will expand market access to tungsten mining, which will help replace old mines, promote the large-scale and intensive mining of tungsten resources, and protect the ecological environment. Fourth, market competition intensified. China's tungsten industry is in a critical period of industrial transformation and high-quality development, facing both development opportunities and severe challenges. Tungsten industry concentration is still not high, low - and medium-end production capacity is still surplus, industrial structural contradictions are still prominent, low - and medium-end product homogenization competition will be further intensified, corporate profitability further differentiation.
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