National Land Resources Bureau has recently decided to implement volume control of tungsten, antimony and rare earth. It is an important step in protecting and rationally exploiting of resources and will be of great importance in stabilizing the supply-demand relationship in the global market and enhancing the price-setting voice of our country in dominant ore resources .

Last year, tungsten exploitation seemed performed very well under the control index as the international economy is growing a slow pace, demand for ore has not yet recovered, global demand for tungsten concentrate on the other hand is declining slightly. After the shrinking of demand and falling of price since last year, rare earth market has been weak in grow trends. General speaking a strict control of tungsten, antimony and rare earth is an advisable policy in preventing over-exploitation and blind competition, meanwhile it also good for  the sustainable development of ore resources.

For a long run, China has been facing with problems like the use ratio for dominant resource is quite low whereas exporting volume is high, and reserve for resources is still not enough. According to the statistics : resources reservation of tungsten, tin , antimony can be used up in 14 years,12 years and 6 years respectively.

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Another significant drop in prices for the noble alloy this week in European ferrotungsten market, falling from USD39.50-40.00kg W in warehouse Rotterdam on Friday, to between USD39.00-39.50kg W in warehouse Rotterdam as of Wednesday. The European ferrotungsten market has looked shaky through much of February, loosing almost USD3.00kg W in value in a little over four weeks, and sources in Europe feel that a combination of abysmal spot market demand and surplus stock may push prices lower in the coming weeks.

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Tungsten concentrate market continues to run slowly with stable prices. Most of the market participants watch the market. The downstream customers only purchase from hand to mouth, and are unwilling to hold stocks in large quantities. An end-user for tungsten concentrate based in South China expressed that they purchased a batch of wolframite 50% at 1,560RMB and  250USD last week.

You can visit the following links for more information about tungsten concentrate prices. Than you very much!

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China tungsten electrode market is quiet and the tungsten electrode prices keep stable this week. However, as the downstream customers are inactive in making deals,the trading volume remains at low level. Output of around 8 tons per month and they mainly dealt with the old orders.

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European ferrotungsten market prices have seen a slight split appear between numbers quoted for standard grade and off-spec material this week. An undisclosed volume of off-spec ferrotungsten is available in the European market at present, and although a number of consumers can work with this material, it is still trading at a slight discount. Offering prices for the off-grade ferrotungsten are between USD38.40-38.90kg W d.d.p to European consumers as of Tuesday and for standard grade material prices have held between USD38.90-39.20kg W d.d.p so far this week.European Ferrotungsten Market looks gloomy for short term.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Chinese ferrotungsten market continues to be quiet this week. Owing to the increasing raw materials’ prices, the ferrotungsten suppliers hold offers firm now. But the demand is soft, and the trading volume does not recover in the spot market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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In the recent days, the raw materials’ prices moved up continuously. But as the demand keeps weak, the trading volume is small in the spot market. The tungsten scrap market moves slowly. It is expected that the tungsten scrap market will be inactive in the near future.

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Sources in the US have expressed slightly different opinions regarding the short-term outlook for tungsten carbide, however, at present, values and overall demand keeps rather unchanged since the beginning of the month. Activity is in a better state compared to the previous three months, but many are still concerned that larger players will not reenter for consistent purchases for the majority of the year. Prices were forced up slightly last month, and it seems as though Chinese players may be trying to do the same now to entice buys, yet US domestic participants are not experiencing anything to suggest a price hike over the next.

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Core Tip: waste tungsten market in a wait state for a while, the turnover has been weaken and the emotions of individual businesses fluctuate, but the overall price is still stable in the whole. The waste tungsten market is expected to run steady in short-term.

Waste tungsten prices remain stable. The transaction price of domestic waste tungsten blade that does not be taxed in mainstream is concentrated in 171-174 yuan / kg, imported blades 180-182 yuan / kg, waste tungsten drill 190-192 yuan / kg, waste pure tungsten blocks 210-214 yuan / kg. The transaction price of waste tungsten grinding material W content of more than 70 degrees in mainstream is 1.76 yuan / kWh; 50-70 degrees 1.66 yuan / kWh; 30-50 degrees 1.5 yuan / kWh, keeps steady.

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AIM-listed multi-commodity natural resource company Premier African Minerals has discovered at least two previously unknown, well-mineralised quartz veins at its flagship RHA Tungsten project.

The company reported that the project, which is located in the prospective Kamativi Tin Belt in Zimbabwe, had the potential to be developed into a "low capital and operating cost tungsten mine" in the near term. The company plans to carry out further surface trenching and said sampling is scheduled to be undertaken in the first quarter of 2013 to confirm the surface location and other details.

George Roach, Chief Executive Officer of Premier African Minerals, said: "This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drillhole intersections, and highlights the exceptional prospectivity of our RHA tungsten project."

"It is now our intention to conduct low-cost surface trenching and sampling to confirm the extent of these newly identified quartz veins and define a maiden SAMREC compliant resource in H1 2013. In tandem with this, we are also completing a conceptual mine study, which will determine the most beneficial and cost-effective method of exploiting the known extent of the RHA deposit."

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