According to Voice of the economy "Transaction live" reports, analyst at Huatai Nonferrous Metal Industry Liu guest "trading live" as we interpret the investment value of tungsten ore, tungsten ore Liu considered the best future growth in demand or in the carbide fields. Moderator: Can you explain the specific carbide is used in what areas will be used? Liu: Hard alloy system has three major application areas, the first is industrial processing tool, and the second is used to open the mine oilfield drilling, and the third is commonly used in industrial wear parts. Moderator: Can you explain the specific carbide is used in what areas will be used? Liu: Hard alloy system has three major application areas, the first is industrial processing tool, and the second is used to open the mine oilfield drilling, and the third is commonly used in industrial wear parts. Moderator: Carbide or in addition to this demand than other areas in the downstream tungsten ore demand growth there is a large space which is not, in addition to carbide outside? Liu: Other areas include them in special steel as the tungsten additive; Also in some chemical categories were also put tungsten as an additive or catalyst, in addition to doing the other is tungsten carbide, also made of alloy and other metals used in many business processing materials; additional lighting in the area is used for tungsten wire, tungsten materials, future growth in demand for the best or in the field of carbide, as China gradually to the machining tool is present stage of high-end forward, basically in other areas and national economic growth will keep pace steady growth. Moderator: At present, China's tungsten industry chain development is kind of how it? Liu: The so-called high-end forward is that in the end the finished tool above, such as Israel on the machine, the original are used in traditional ordinary machining tools, the current relatively high-end digital processing machine tool consumption among the proportion has increased significantly, the traditional machine tool may gradually decline, the future may be more high-end coated tool bit conversion tool is to use hard tungsten production, consumers will have certainly a very significant increase in the current number of major tool manufacturers are also on the new production line is mainly invested in coated tool above.。Tungsten wire exports recovered significantly, the annual volume of total exports of 22,000 tons of metal, an increase of 74%, back to the 2008's 92%. Chinese molybdenum concentrate production of about 80,000 tons, an increase of 9.6%; continued to hold the first in the world, accounting for 37.4%. In 2010, Chinese exports of 19,500 tons of molybdenum, an increase of 1.35%, molybdenum export volume of 1.7 million tons, down 51.3%, net imports of 2,500 tons. Molybdenum products export structure to achieve a net importer to a net exporter of changes. Vanadium prices rebounded in 2010, but the overall oversupply, or not. China is still the world's largest vanadium producer, in 2010 51.6% of the total world exports in 2010, China exported about 15,000 tons of vanadium products (equivalent V2O5), doubling year on year. Exported 7,045 tons of vanadium pentoxide, an increase of 64%; vanadium iron about 6,000 tons, an increase of 140%; vanadium nitrogen alloy 217 tons, an increase of 146% of domestic consumption in 2010, consumption of about 41,000 tons of vanadium (equivalent to V2O5), an increase of 13%. Vanadium steel industry is a major consumer areas, accounting for about 90% of total consumption of vanadium. Expects the global consumption of tungsten forecast over the next five years the average annual growth of 4% of tungsten demand forecast over the next five years the average annual growth of 6%. Finally, he summed up the tungsten-molybdenum vanadium second five directions: a: rational development and utilization of domestic resources, to prevent excessive consumption of resources; 2: Strengthening rare new materials research and development, accelerate product upgrading; 3: strict control of low-level redundant construction blindly,