The invention and application of cemented carbide materials is an epoch-making change in the history of modern materials. Carbide cutting tools, called "the teeth of industry", fully embodies the ability of human beings to transform nature. As a cutting tool, cemented carbide tools are widely used in all aspects of modern production and manufacturing.

In recent years, the international tool market has maintained a growth rate of 3-5%. Recent data released by the Japan Cemented Carbide Industry Association shows that in 2013, the sales of cemented carbide tools in Japan were 219.531 billion yen, and the total sales of cemented carbide tools were 289.943 billion yen, which is higher than the 275.743 billion days in 2012. Yuan increased by 5.11% year-on-year. my country is also building and expanding cemented carbide projects. For example, Xiamen Tungsten's cemented carbide project in Jiujiang is gradually reaching production, and the Luoyang hard total tool project is expected to be put into production in 2015. These projects will increase the share of cemented carbide projects in increasing the profitability of Xiamen Tungsten. Zhuzhou Jinggong's cemented carbide project plan will also supplement its vacancies in cemented carbide blades, fine products, mold materials, mining tools and other cutting tools.

With the acceleration of my country’s industrialization, informatization, and urbanization, the demand for high-performance cemented carbide in basic industries such as steel, automobiles, mining, electronic information, transportation and energy will steadily increase, especially in the future high-precision weapons and equipment And the rapid development of infrastructure construction will vigorously promote the demand for high-tech and high-quality cemented carbide products, and will provide good development opportunities for my country's cemented carbide industry.

As a strategic metal, tungsten, molybdenum, and cobalt, which are the raw materials required for cemented carbide tools, have received the attention of major economies in the world. Kunming Pan Asia Non-Ferrous Metal Exchange is the world's largest rare metal spot exchange, and tungsten (APT) and cobalt are the earlier varieties of the exchange. Since its listing on September 18, 2013, APT has received extensive attention from the industry and is one of the most popular products for investors. Tungsten companies are more inclined to be listed on the Pan-Asian Exchange platform. Under the situation of imbalanced supply and demand in the domestic and foreign markets, Pan-Asian platform transactions have played an important role in supporting the development of China's tungsten industry. As of July 25, 2014, APT's inventory reached 16,747 tons, and its trading volume and settlement volume ranked first in the world. In the long run, the commercial purchasing and storage of the exchange is a strong guarantee for the cemented carbide needed for the development of my country's national defense and high-precision technology.