EU renews duties on dumped metal compound from China, helping increase sustainability and reduce dependence on imports of critical raw material
In place since the 1990s, the EU’s anti-dumping measures on tungsten carbide from China raised the prices of the compound to levels which made the recovery of scrap financially interesting for the EU industry and encouraged innovation of the recycling process.
As a result, EU producers have become more sustainable, following a pattern of circular economy embedded the European Green Deal. At the same, EU producers reduced their consumption of tungsten, the critical raw material needed to make tungsten carbide, and therefore reduced the Union’s dependency on tungsten imports, in line with the objectives of the recent proposal for the European Critical Raw Materials Act.
Tungsten carbide is needed to make hard metal tools which are used in the construction, mining, automotive and defence industries. The EU tungsten carbide industry currently employs over 1,000 people and is worth around EUR 500 million.
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Renewed anti-dumping measures on tungsten carbide from China
Previous anti-dumping measures on tungsten carbide from China
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