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.

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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.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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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.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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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.

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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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."

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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AIM-listed Aurum Mining, the Spanish-focussed gold and tungsten explorer, has unveiled positive assay results from its second stage drilling programme at the Peralonso Permit in Salamanca Province.

Of the 11 holes drilled at Peralonso to date over 1,267 metres, the company reported that 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections. Assay results indicate the existence of multiple near surface gold bearing structures within the area of an extensive gold-in-soil geochemical anomaly.

Sean Finlay, Chairman or Aurum, said: ‘We are very encouraged by these results from Peralonso. Of the 11 holes drilled on the permit area to date, 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections.

These, combined with other exploration work carried out at the permit area, verify our belief that Peralonso and the surrounding area has the potential to host sizeable, near surface gold bearing structures. Follow up work is now being undertaken to enable us to better understand the scale and extent of the opportunity.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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DURHAM -Cree Inc.'s  new LED bulb may be in the same price range as Philips Lighting’s new $15 version, but is it in the same ballpark?Industry publication LEDs Magazine looked at the differences between the two bulbs this week, focusing specifically on the design of each.

The Philips version has remote phosphor actually applied on the dome, an approach that reduces cost by eliminating the optic between the LED and the outer globe.Cree’s bulb, as we’ve already reported, mounts its LEDs on a “filament tower,” aiming to look like a traditional tungsten filament. But it may not be as cost-effective, at least to Cree (Nasdaq: CREE).

In low volume, the LEDs cost about $1.50 each, but for Cree, the price would have to be “substantial, perhaps accounting for more than half of the price of the 60W-equivalent lamps,” the article reads. “Still Cree has taken much of the sting out of buying an LED lamp. Most people will see payback in about one year if the lamp is installed in a high-usage socket.”

LED companies in general have been trending upwards in recent weeks. Greg Sebasky, CEO of Philips’ North American Unit, has been quoted as saying the LED lighting market will grow 40 percent in 2013.However, LED bulbs account for less than 1 percent of the 5.6 billion bulbs used in residential homes in the U.S.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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According to the news of Jiangxi Land Resource Bureau, a huge copper-tungsten mine was found in Zhuxi mining area, Liangfu County, it is expected to contain millions tons of copper and tungsten.

It is said that copper is one of re resources which are badly in need in China, while tungsten is one of advantageous ore of Jiangxi. The mining area has the potential to prospect copper deposit and tungsten deposits, and is very likely to become a production base for large mines. The newly found mine will be of great value both economically and socially.

Two listed corporations, Zhangyuan Tungsten, Jiangxi Copper are expected to make profit from the newly found mine.

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Elite Tungsten announced that it's signed Bassmaster Elite Series pro Matt Herren to its pro staff.

"I use nothing but tungsten weights when I’m fishing," he said. "The sensitivity and smaller profile that tungsten provides plain helps me get more bites. Elite Tungsten weights are the best I've seen. They are 97% tungsten and the line-through holes are diamond-drilled, which eliminates the need for line inserts – I don’t want anything between my line and my weight. Plus they come in six chip-resistant colors."

Said Jimmie Underwood of Elite Tungsten: “We are excited to have a top-level Elite Series angler like Matt working with us. Matt is not only a top-level angler, but he is a great person as well. We look forward to having his input on future Elite Tungsten products.

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 Non-ferrous Metal Mining Co(Guangxi), which is located in Pinggui management area at Hezhou, Guangxi. A deep processing project of the corporation with initial investment over 0.6 billion yuan and total investment over 2 billion yuan  is one of the biggest projects in Pinggui Non-ferrous High-tech Industrial Park, and also the first major project since it has began to operate.

The project  emphasizes on producing a production line with the capacity of manufacturing 5000 tons of APT, 3000 tons of tungsten powder, 1000 tons of tungsten carbide, and 500 tons of tungsten metals and alloy products every year. Since implementation of constructing the project, every section has gone pretty smoothly. It was expected that after the completion of the project, the annual revenue may surpass 1 billion yuan and will contribute 0.25 billion tax.

China Non-ferrous Metal Mining Co(Guangxi), which is located in Pinggui management area at Hezhou, Guangxi. A deep processing project of the corporation with initial investment over 0.6 billion yuan and total investment over 2 billion yuan  is one of the biggest projects in Pinggui Non-ferrous High-tech Industrial Park, it is also the first major project since the branch has began to operate.

The project focuses on producing a production line with the capacity of manufacturing 5000 tons of APT, 3000 tons of tungsten powder, 1000 tons of tungsten carbide, and 500 tons of tungsten metals and alloy products every year. Since implementation of constructing the project, every section has gone pretty smoothly. The project will be completed by the end of the year, it was expected that after the completion of the project, the annual revenue may surpass 1 billion yuan and will contribute 0.25 billion tax.

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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