Chinese APT market runs slowly, and the market sees few deals been concluded. The APT prices are stable tentatively this week. Most of the APT market participants hold wait-and-see attitudes towards the future market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:  sales@chinatungsten.com
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There are fierce competitions in tungsten carbide market. Although tungsten carbide is still the main material for making cutting and mining tool, part of tungsten carbide’s application field face the danger of being replaced by adamas. Homogenization degree of tungsten carbide products is high among domestic manufacturers while technological level of domestic manufacturers is relatively low  compared with foreign counterparts. For the time being, it is still impossible to make large-size tungsten carbide product domestically except only small-size bars and boards. The technological gap won’t be filled in the short run.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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China tungsten carbide powder prices are stable at present, and the trading volume is small in the spot market. The demand from the downstream customers does not recover obviously, and it is expected that the tungsten carbide powder market will be quiet in a short time.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
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Colt Resources Inc. ("Colt" or the "Company")  is pleased to announce the execution of a binding letter of intent ("LOI") to purchase the property known as Passa Frio within the Company's recently awarded Tabuaço experimental mining license that includes the Tabuaço (São Pedro das Águias) and Aveleira tungsten deposits in northern Portugal, for the purposes of planning the Company's future mining operations. Passa Frio is mostly vacant land of approximately 1,000,000 m². The property was carefully selected after a thorough trade-off evaluation and review of several possible locations to establish the necessary surface mining infrastructure, namely the processing plant, dams, dumps and adjoining warehouses, and is zoned to permit such construction. The property is situated away from residential areas such that it is mostly unnoticeable from the surrounding roads and nearby villages.

Over the next months, the Company will survey the property in detail to verify legal title. The LOI locks up the property while the Company completes its survey. Following the survey, Colt has a three-year option to enter into a final purchase and sale agreement with the owners of Passa Frio. Colt will pay €100,000 for the three-year option and an additional €350,000 to purchase the property by the end of the third year should the Company decide to exercise the option to purchase Passa Frio.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
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