The Outlook for Tungsten Supply Doesn’t Look Very Good

Considering that over 80 percent of tungsten comes from China, and that China is largest  tungsten  consumer, it is not surprising that the metal made the list in 2011.

Add to that mine closures, halts in production and overall lack of new supply from mines in the western world, and the outlook for tungsten supply doesn’t look very good.

Almonty Industries restarted mineral processing at its Los Santos project six days after a fire caused a suspension of the plant’s activities.

An electrical fire on June 23, 2013 destroyed the diesel generator power supply and caused severe damage to the electrical switching infrastructure, the company said it a release.

Almonty is working with its insurance adjuster and plans to restore normal shipments of tungsten concentrate shortly.
 

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European Ferrotungsten Prices rising Sharply

Meanwhile, European ferrotungsten prices have also risen sharply following an announcement from Vietnamese producer YoungSun that due to power-related issues.

It is uncertain as to when shipments will return to full capacity. YoungSun has confirmed that it will only be able to meet 50 percent of its deliveries for the remainder of the year.

Prices for ferrotungsten min W 75 percent have risen from $47.50 to $49.50 per kilogram to $48.50 to $50.25 per kilogram.
 

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Tungsten Prices Climbing Slowly

A shortage of supply, though bad for the market, can definitely be good for prices. Tungsten APT prices are currently sitting at $400 to $410 per metric ton unit.

It is reported that “Chinese tungsten APT prices have kept rising as smelters try to avoid APT production costs rising higher than sales prices.”

Prices for tungsten APT 88.5 percent have climbed from last week’s 212,000 to 215,000 renminbi per tonne to 215,000 to 220,000 renminbi.

Buyers, the smelters explained, are unwilling to pay more than 215,000 renminbi per tonne. So far this year, prices have climbed by 22 percent.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Slowly Making Its Way Up the Global Critical Metals List

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

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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China Ammonium Paratungstate Market (APT Market) On July 9,2013

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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European Ammonium Paratungstate Market (APT Market) On July 9,2013

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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Further Testing On A Larger Sample Is Scheduled In South Africa

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.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Thor Mining Reports Positive Tests At Australian Gold Project

AIM-listed mineral and development company Thor Mining said it has had positive results from initial ore sorting test work on near surface oxide ore from the Spring Hill gold project south of Darwin in Australia's Northern Territory.

Spring Hill gold mineralisation is vein hosted and the positive results, using X-ray scanning, demonstrate 'proof of concept' that gold bearing material can be identified and segregated.
 

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Hejiang River Pollution Is Under Control

Bi Haidong, deputy mayor of Hezhou, said some small mining companies frequently conduct illegal mineral exploitation and washing, and discharge waste without treatment, which can result in pollution.

Hezhou has huge reserves of minerals, including manganese, tungsten, rare earths, cadmium and thallium.By Sunday evening, the cadmium density in the section of the river between Guangxi and Guangdong had fallen below standard.

while that of thallium remained beyond the allowed maximum level, according to the local environmental protection department."The monitoring data was not good, but the situation is under control," said Bi.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
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