Recently, miners return to work one by one and the market supply is replenished, to some extent, this hinders its price rises. The supply and demand is relatively weak in sodium tungstate market and the fluctuations of price is narrow. Aspect of scrap tungsten, businesses keep optimistic mentalit and not hurry to have transactions. Downstream business needs have a slight increase. The actual turnover of tungsten market is expected to improve. It is expected that the mainstream of tungsten department will be stable for short term and some individuals are within a narrow range.

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Non-ferrous metals industry in Hunan Province continuous years of structural adjustment and effectively. On March 6, news came from Province’s Non-ferrous Metal Industry Work Conference said that, in the context of the global non-ferrous metal industry wind blowing, Hunan Nonferrous Metals Industrial rose in contrarian in last year, industrial output value of the national ranking continued to move forward and entered fifth place. This year, the province's non-ferrous metals industry will continue the structural adjustment, to be quality and efficiency.Striving to have a more than 14% separately increase both in industrial output value, main business income and industrial added value.

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Recently, in the China Nonferrous Metals Group Management District  Hezhou Pinggui look high town (Guangxi)  the  UFO Corporation,  the deep processing project site  of tungsten products , many locomotives  are in  land leveling operations rapidly.

The initial investment of tungsten products deep processing projects is over 600 million yuan. It is one of   the important in  China Nonferrous Metal Group with a total investment of over 20 billion Ping Gui UFO non-ferrous metals and high-tech materials industry park. And it is the first major project since  the Ping Gui UFO joined  the China Nonferrous Metals Group  to start construction. The project focused on planning and constructing of an annual output of 5000 tons APT, an annual output of 3,000 tons of tungsten powder, carbide 1000 tons, 500 tons of tungsten metal and its alloy products.  The work of the "five in one" smoothly  progressed since  the project officially  has entered the constructions  by the end of last year and  planed  to put into operation in the end of this year. After the completion of the project, it  is expected to be realized sales revenue of over 1 billion yuan,  profits and taxes of 250 million yuan.


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Yesterday, the latest data released by China Foreign Exchange Trading Center that on March 11, the central parity rate of the RMB against the U.S. dollar at 6.2769, devalued 50 basis points over the previous session.

Although the devaluation appeared, the view in last week, the RMB gained 79 points against the central parity of U.S. dollar. And it is reported last Friday of the RMB against the U.S. dollar central parity 6.2719, breaking a new high since the last two months. In fact, the pressure of RMB appreciation is persisting all the time.

Recently in the major central banks on the international intensive Yee interest period, the major central banks to maintain the previous level of interest rates and monetary policy, and the latest-than-expected trade surplus in January-February, domestic short-term liquidity surge still withstand a certain market outlook RMB appreciation pressure.

ANZ Bank Greater China, Liu Ligang, director of economic research, with the inflow of hot money in China ,the pressure of RMB appreciation also appeared.

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Learned from Jiangxi Province Land and Resources Department, Geological Brigade of Geology and Mineral Bureau 912 found a vision extra large scale copper-tungsten ore in Fuliang County Zhuxi mine. The quantity of copper and tungsten expected reached more than one million tons. To expand the prospecting quantity results , the province plans to spend 327.7 million yuan on Geological Prospecting Fund for exploration in 2013-2015

It is learned that the northern province is the key metallogenic belt of copper polymetallic ore resources and it has an advantage in location to look for copper multi-metal mines in this area. Not only Zhuxi Mine and Mineral department has a thick tungsten ore body found, but also found a symbiotic copper, zinc body, has a large thickness, high grade, symbiotic minerals more. Experts said that the mine have to find the resource potential of the large copper deposits and extra large tungsten deposit, the formation of a new large-scale mineral resource base.It is an important prospecting result of Jiangxi province and China in prospecting breakthrough strategy action and the benefits of economic and social are considerable.

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According to Russian Military Industrial Complex News reported on February 25, 2013，Chinese media disclosed that Chinese government has officially approved plan of nuclear-powered ships manufacture project. The first phase ready is to develop a new generation of compact nuclear reactors within the framework of Project 863 and plan to be used in the aircraft carriers, strategic submarines, destroyers and cargo ships in the future. If the report is true, the refractory metal market, especially tungsten price, tungsten alloy price, molybdenum price and rare earth price will continue rising for a long time in the future.

February 22, 2013, the National Bureau of Statistics of China announced the 2012 National Economic and Social Development Statistics Report, and the part of “Education, Science, Technology and Culture” in Chapter 9 is said that in the high-tech field ,China had finished the work of scientific researches and experimental designations within the framework of Project 863, total 1165 last year. However, the report did not disclose other details of Project 863.

It is reported that Chinese aircraft carrier manufacture program is being implemented at present and it is divided into two phases. The first phase of the plan is to build four aircrafts at most, and two of which will be delivered to Liberation Army Navy in 2015-2016. Then set up carrier battle groups which will be based on these aircraft carrier aircraft in 2020. The displacement of new aircraft carrier is 5-5.5 million tons which are manufactured in the first phase, and they will not be equipped with any nuclear power plant. China has started to manufacture the first ship domestic carrier in July, 2011 and now it is still under manufacturing in Changxing Island shipyard which is located in Yangtze Delta River. The second stage requires to manufacture two aircraft carriers at least whose displacement is 65,000 tons and they will have nuclear reactors installation. According to preliminary estimates, this group of nuclear-powered aircraft carrier will be equipped with Liberation Army Navy after 2020. It is without restriction in range and endurance which is the main advantage of nuclear-powered ship.

You can visit the following links for more information about tungsten price, molybdenum price and rare earth price. Than you very much!

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Domestic tungsten ore market conditions, the market was stable and slightly tired. Currently, the market price of the mainstream is still around 116,000-119,000 yuan / ton, the overall is relatively stable. Because of the end demand downturn influence all the time, part of the middle and lower reaches of corporate save a wait-and-see mentality in short-term

Hunan businessmen said, "high offer still virtual, purchasing enthusiasm of the upstream and downstream enterprises have an impact, that there is no market price situation agai." Recent tungsten ore market has stabilized, high-priced resources are down slightly, the price of tungsten ore further narrow the range or slightly on the exploration of the transaction price signs. Macroeconomic news: March liquidity rebounded significantly, the credit trend into monetary policy vane; the RMB devaluation of the dollar central parity yesterday by 50 basis points; Greek GDP contracted by 5.7% in the fourth quarter of 2012.

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In the last two decades, with assistance and advice from various multi-lateral and bi-lateral donors, Mongolia has begun reforms to move from a centrally planned economy towards one with market characteristics. At the same time, geological surveys have shown it to hold vast reserves of coal, copper, gold, silver, uranium, molybdenum, iron, tin, nickel, zinc, tungsten, phosphates, fluorspar and some oil. The government of Mongolia recognises both that exploitation of its mineral wealth is essential if the economy is to grow and that it must establish a sustainable way forward if it is to avoid the problems that have affected several other resource rich developing countries in the past.

It has a strong vision of how the country should be developed, with an aim to establish major and long-lasting opportunities for Mongolia. The mining operations will need to meet all the environmental regulations and standards, so as to limit adverse impact on air quality, loss of water supplies and destruction of the fragile ecosystem. The government has declared that it will use the proceeds from mining activities to develop essential services. These need to include education and health care, as well as creating capable workers with equal access to opportunities to fill jobs in the mining and construction sectors. This will require a longer-term investment culture, with the prospect that the country can gain added value from its coal and other resources that will fulfill a crucial and beneficial role in the country’s overall development.

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The need for a more energy-conscious society in relation to the efficient production and consumption of energy has intensified in past years and will become increasingly important for that society in the future. Currently, worldwide energy use is growing much faster than supply can match. The efficiency of conventional technologies must be improved in order to reduce losses in transmission and distribution of energy, and new strategies and technologies must be developed for “doing more, using less”.

Whatever form such solutions may take in the future, it may be expected that tungsten-based materials and components will play their positive part in meeting these challenges. Tungsten products have contributed in the past in this way, both as functional materials and advanced tools with outstanding properties, and this contribution will not diminish in the near future.

Current discussions on global warming, and the conclusion that anthropogenic greenhouse gases are responsible for most of the observed temperature increase since the middle of the twentieth century, have brought calls for reductions in emissions which will demand a more conscientious handling of fossil energy worldwide. The search for alternatives will be intensified, as coal, oil and natural gas reserves become depleted and the need to use existing natural and renewable resources steadily increases.

There is a great opportunity for tungsten-containing products which have strategic importance in the field of fossil energy production, fossil energy or renewable power generation, power transmission and power distribution, because of their outstanding properties.

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