Tungsten Slowly Making Its Way Up the Global Critical Metals List
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- Category: Tungsten's News
- Published on Wednesday, 10 July 2013 09:49
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At the Geological Society of South Africa’s 2013 GeoForum conference in Johannesburg last week, Core Consultants MD Lara Smith8 pointed at three metals (or groups of metals) that will be at a high risk of supply scarcity from 2015.
Smith explained that while the European Union and US Department of Defense don’t wholly agree on all the metals they consider critical, tungsten, tantalum9 and rare earths10 are without a doubt at the top of both their lists.
Smith also said that in recent years, tungsten supply has not been able to keep up with rising demand, which has necessitated the sale of tungsten stockpiles by the Chinese, Russian and American governments.
“Based on China’s decision to limit exports to the rest of the world, we estimate that the primary tungsten market is in deficit and, this year, we expect the deficit to be in the order of 15 000 t,” Smith warned at the conference.
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Tungsten More “Critical” on Expected Supply Shortage
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- Category: Tungsten's News
- Published on Wednesday, 10 July 2013 09:43
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It certainly isn’t news to anyone that tungsten is a critical metal. However, it is important to note that tungsten is slowly making its way up the global critical metals list.
A metal is deemed critical when it is found to be economically important to the functionality of society, but has a high risk of supply disruptions. In 2011,
The British Geological Society published a list of what it considers the 52 most critical metals in the world.
The list was compiled based on global abundance, location of production, reserves and supply risk associated with the political stability in the jurisdictions where the metal occurs.
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European Ammonium Paratungstate Market (APT Market) On July 9,2013
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- Category: Tungsten's News
- Published on Tuesday, 09 July 2013 17:01
- Written by Elva
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European ammonium paratungstate market(APT market) sales prices increase as buying activity sees small improvement.
European ammonium paratungstate market(APT market) buying activity has picked up over the past 2-3 days as downstream users come back into the market to restock inventories and potentially cover against the rising export prices of tungsten products from China.
Sales were completed either side of USD400mtu towards the back end of last week, although APT sales concluded on Monday were reaching USD405mtu in warehouse Rotterdam according to market participants.
You can visit the following links for more information about ammonium paratungstate prices(APT prices).
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China Ammonium Paratungstate Market (APT Market) On July 9,2013
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- Category: Tungsten's News
- Published on Tuesday, 09 July 2013 17:06
- Written by Elva
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China ammonium paratungstate prices(APTprices) continues to be firm.
China ammonium paratungstate market(APT market) keeps quiet, and the APT prices are stable this week.
However, as the tungsten concentrate prices hover at high level, some APT suppliers raise offers. The ammonium paratungstate market(APT market) sees some higher offers.
A source from an APT factory based in South China noted that they mainly dealt with the old orders in the recent days.
You can visit the following links for more information about ammonium paratungstate prices(APT prices).
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Further Testing On A Larger Sample Is Scheduled In South Africa
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- Category: Tungsten's News
- Published on Tuesday, 09 July 2013 11:50
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Further testing on a larger sample is scheduled in South Africa, which will allow Thor to better predict commercial outcomes, it said.
Chairman Mick Billing said: "This is a potentially exciting enhancement for the Spring Hill project. Ore sorting is also commercially used in tungsten processing and a similar scale test on Molyhil material is also in process in South Africa."
"We eagerly await the outcome of that testwork, as it also has potential to reduce both capital and operating costs for Molyhil," he added.
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