Abstract

The concentrated supply of tungsten and its important role in strategic emerging industries have led to intense competition between importers. Based on trade data from 2000 to 2018, this study analyses the evolution and influencing factors of international tungsten competition from the industrial chain perspective using a complex network method and an extended gravity model. First, the results reveal that competition varies at different stages. Upstream competition is unstable; the import market for upstream and midstream products is expanding; downstream competition is becoming increasingly intense, and importers are gradually becoming integrated. Second, global tungsten competition is getting tighter, with the fiercest competition between Asia and Europe. In addition, the US, Japan and Germany has remarkable competitiveness in mid-downstream stages of the industrial chain. Finally, an analysis of the influencing factors shows that consumption level drives the competition for upstream and midstream products, while technological progress and Sino-US trade frictions impede the competition of mid-downstream products. Besides, rising political risk in exporting countries intensifies competition throughout the tungsten industry. Corresponding policy recommendations are proposed to promote a stable and orderly trade competition environment in the tungsten industry.

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