From the perspective of foreign demand, tungsten demand will continue to maintain growth. The U.S. economy will continue to recover. The recovery of the manufacturing industry will drive the growth of tungsten demand. The tungsten market demand will continue to recover. However, we must clearly understand that there are also some uncertainties in the tungsten market in the United States. Factors such as geopolitical tensions, tax reforms, rising labor costs, declining corporate profits, and continued decline in U.S. exports may have a negative impact on the international tungsten market. The optimistic economic situation in the euro area, coupled with the increase in cobalt and nickel prices, has driven the recovery of cemented carbide prices. The economy of the 19 countries in the euro area maintained growth. The confidence of investors in the economy reached its highest level in 10 years, and the unemployment rate fell to the lowest point in eight years. Not only did the traditional engine of economic growth grow significantly in Germany and the Netherlands, but also countries such as Spain, France, and Portugal that suffered heavy losses in the financial crisis also recovered significantly. Emerging market countries maintained a favorable trend, with automotive, mining, and transportation related to tungsten consumption. The growth of the industry will continue to drive tungsten consumer demand. Russia’s tungsten consumption keeps growing. The market demand in Japan has risen steadily and inventory levels are low. With the 2020 Olympic Games in Tokyo approaching, public investment continues to grow, which will drive the growth of tungsten consumer demand. According to the statistics of the China Tungsten Association, the volume of tungsten products exported to the United States, Japan, Korea, and Europe (excluding cemented carbide) increased by 75.12%, 30.79%, 18.06%, and 28.45% year-on-year in 2017, and continued to maintain growth.