Industry Analysis & Industry Trends
Speed metal
After low prices and low-scale production in the early 2000s, new applications led to rapid growth in demand and prices for tungsten. The Tungsten Carbide Manufacturing industry has grown at a breakneck pace since the middle of the decade, handily recording double-digit revenue growth. The metal's extremely high toughness and heat-resistance make it essential to various industrial, manufacturing, electronics and oil and gas industries. As China continues to limit mining output, the element's price will keep rising, and the industry will continue its meteoric growth.... purchase to read more
Industry Report - Industry Investment Chapter
This industry is capital intensive because it processes large amounts of scrap metal and tungsten ore concentrate to isolate tungsten and tungsten by-products. Such processes are largely automated. In 2012, IBISWorld estimates that the industry will spend $0.76 on capital for every dollar that it spends on labor.
The average industry wage is estimated to total $57,500, which is near the average wage for the manufacturing sector. The industry mostly employs machinery operators, in addition to managers, sales and client relations personnel. Because much of the industry's business is contract-based, sales and client-relations personnel generally earn higher wages than machine operators... purchase to read more