Gold Price Rises Slowly With Broken Diplomacy in Middle East, Tungsten Gold-plated Products Still Popular

Adel al-Jubeir,minister of foreign affairs of Iran, announced on January 3rd that Saudi broke off its diplomatic relations with Iran, the fuse for this is due to that Saudi executed Nimral-Nimr, who was one of the most important clergies of the Shiites. The contradiction between these two countries of Saudi and Iran is lasting for a long time, but as the two oil-rich country, their broken diplomacy must inevitably have a greater impact on the international situation. However, the reason of the risen international oil prices of course is due to this event. 
 
With the advances of shale oil mining technique in US, its dependence of oil on Saudi gradually decreases, which in fact means that the US and Saudi may change their relations from the interdependent relationships into oil competitors in another extent. This will also impact on the future price of crude oil and gold. Because the historical data had shown that the ups and downs of international crude oil price and gold price has the convergence about 80%. As can be seen from the following table, since the risen international crude oil caused by the broken diplomacy between Saudi and Iran, the international price of gold in recent days has also been upped.
international gold price
However, in the view of many gold collections and investors, the current slowly risen of gold price does not mean the  rejuvenation of gold price under this turmoil international situation, thus many people are still more willing to pay attention to the tungsten gold-plated products. Because for the collectors, the same beautiful collectibles, but tungsten gold-plated products cost far less than the gold products, so its cost performance is self-evident.
gold blocks

 

Large Tungsten Copper Mine Was Found in Jiangxi

On January 5, JiangXi provincial department of land resources announced that the province found super large tungsten copper mine and  ascertained the resource amount of tungsten trioxide (WO3) is 2,860,000 tons. Tungsten mine reserves refreshed the world record (16.270,-0.01, -0.06%).

Zhu Xi tungsten copper mining area of FuLiang county is located in south east 135° of Jingdezhen city and the straight direction is 13 km. administrative region belongs to the ShouAn town of FuLiang county and YongShan Town of LePing county. It is understood that this is another world-class super large tungsten ore discovered recently after Jiangxi ascertaining super large tungsten mine of the big pond of WuNing. 

Complete drilling workload of 31522 meters in 5 years and discover the super large tungsten copper mine.

According to the project phased achievements of <ZhuXi Peripheral Tungsten Copper Census of FuLiang County> passed by expert review in December 2015, show that the ore reached to the super large scale.

In addition, the project has the associated copper of 224,400 tons, 1165 tons of silver ore. And zinc, gallium and cadmium can be comprehensive utilized. At present, the main mine body has not been controlled to the border across pitch and tendency. The exploring work continues and amount of resources will be further expanded.

According to introduction, the undertaking unit of the project is brigade 912 of Jiangxi provincial bureau of geology and mineral resources, the scientific research units are the Chinese academy of geological sciences, China University of geosciences (Beijing) and Beijing University.

For the past five years, 21 drillings and 31522 meters drilling work have been completed in total. All kinds of analysis of samples contain more than 16,000.

Tungsten mines in South of jiangxi, northwest of Jiangxi and northeast of jiangxi form the situation of “tripartite confrontation ".

In 2010, Jiangxi provincial departments of land resources and finance listed the project in the fund key projects of geological prospecting of jiangxi province. In 2013, on the basis of the project getting the major prospecting progress, in order to achieve rapid breakthrough of geological prospecting, the geological exploration fund management center of jiangxi province and the central geological exploration fund management center adopted the model of two-stage linkage and listed the Zhu Xi periphery of fuliang county as prospecting focal area of two levels of funds.

According to introduction, the mining area constructed three drillings more than 2000 meters. Under unfavorable factors of complex strtum structure and karst development, it created the first success of solid mineral exploration core drilling depth of jiangxi province.

The discovery of the super large tungsten copper mine has also changed the metallogenic pattern of Jiangxi province of “tungsten in south and copper in north”. The tungsten mines in South of jiangxi, northwest of Jiangxi and northeast of Jiangxi form the new situation of “tripartite confrontation ".

Experts: Enhance the right of speech of Chinese tungsten in the world.

Relevant experts believe that Zhu Xi is the polymetallic deposit which combines the tungsten copper mine into one and focuses on skarn type. The scale of tungsten mine is big. The taste and associated minerals is rich. It is the tungsten deposit of largest resources ever found in the world and has great potential economic value.

The discovery of this deposit greatly improves the security degree of China’s tungsten resources and enhances the right of speech of China’ tungsten in the world.

And it has the vital significance of reserving mine resources, guiding the tungsten exploration and tungsten resources development in the future.

 

Tungsten Market Stability, Tungsten Concentrate Price Goes up

Tungsten market : nearly to Chinese New Year, the smelting factories of tungsten products have low enthusiasm at operation. And many manufactures are all very caution at production and manufacture. So it is expected that in the short term tungsten market quotation will steady and spoot market contract light.
Besides, APT manufactures are all active inquiry about tungsten concentrate raw material and prepare for production after Chinese New Year. However many mining companies in order to making tungsten series products price go up so they still don’t want to sale tungsten ore. It is indicated at the beginning of January, the price of tungsten concentrate price will steady and the prevailing price is about 62,000.00 to 66,000.00 RMB/ton. 
The average price of mainly series tungsten products: wolframite concentrate (content ≥65%): 66,000.00 RMB/ton; scheelite concentrate (content ≥65%): 64,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 100,000.00 RMB/ton, export price:220.00 $/mtu; tungsten powder (content ≥99.95%): 162.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 160.00 RMB/kg, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 215.00 RMB/kg, export price: 34.22 $/kg.
Chinatungsten molybdenum and tungsten series products’ price: copper plating (W72): specification: 175×35×4, price:108 RMB for one; cemented carbide rod (YG10X): specification: φ3×330, price: 15.6 RMB for one; molybdenum sheet (content 99.95%): specification: 400×250×0.5, price: 218.5 RMB for piece; tungsten electrode (content 99.95%): specification: φ2.4×175, price: 6.957 RMB for one; tungsten alloy rod (content 90%): φ18×90, price: 150.00 RMB for one; tungsten billet (content 90%): φ7.15×54.6, price:31.00 RMB for one; sodium tungstate (content 68.5%): price: 88,000.00 RMB/ton.
tungsten powder

 

Tungsten Price was Affected by Diplomatic Issues in Mideast

Middle East sectarian conflict escalated once again, which shocks the international market.
 
Saudi Arabia, Bahrain and Sudan have cut off diplomatic relations with Iran.
On Saturday, Saudi Arabia executed a well-known Shi’ite Muslim leader. The cleric had publicly criticized the leaders of Saudi Arabia and Bahrain.
 
Affected by aggravate tensions between regions, WTI oil prices jumped by about 3 percent to $ 38.10 per barrel. Brent crude also rose more than 2%.
Spot gold rose 0.3 percent. It touched 120.30 the yen against dollar , top of ten months, the S & P 500 Index futures rose 0.3 percent.
Tungsten prices rises in short term, but it is bound to be affected because of this incident. And it may rise again due to the affection of production cost in the next period of time.
 
Three of Saudi Arabia's close allies joined the kingdom Monday in severing or downgrading diplomatic ties with Iran, and a UN envoy will visit Riyadh and Tehran in a bid to diffuse tension in the region.
Bahrain and Sudan announced to cut diplomatic relations with Iran on Monday, accusing Tehran of interfering in the Arab states' internal affairs.
The United Arab Emirates (UAE) has decided to downgrade its diplomatic relations with Iran and reduce the number of Iranian diplomats in the country.
On Sunday, Saudi Arabia cut off its diplomatic relations with Iran after angry protesters stormed its embassy in Tehran to protest the execution of prominent Shiite cleric Nimr al-Nimr.
Saudi Foreign Minister Adel al-Jubeir announced Monday that his country will cease air traffic with Iran, placing a travel ban for its citizens, reported Al Arabiya.
 
The top Saudi diplomat also said that commercial ties with Iran are also severed.

Saudi to Build Integrated Power Plant and to Use Tungsten as Solar Material

According to the office Saudi Press Agent(SPA)reported that Saudi Electricity Company (SEC) invested 980 billion dollars to build combined cycle powder plant on Wadd Al Shamal. The total installed capacity of this plant is 1395MW and solar powder installed capacity is 50MW. This combined cycle powder plant is expected to finish in 2018. Because this plant can generate electricity of by solar powder so the the plant can save 4 million barrels of oil during the whole project life cycle. The chief executive officer of SEC Al-Shiha indicated that the solar panels will outsource to third parties.
Tungsten material as new solar material not only can use for solar panels production but also can use in other solar power fields which gets more and more attention. For example, tungsten diselenide (WSe2) can apply in produce fine and flexible solar cells and so on. 
The scientist of Massachusetts Institute of Technology developed a kind of sunshine capture. The inside of capture cover a fine layer tungsten which experienced a series of complex processes. The side which face to the sun cover with small concave holes on the surface and this small concave holes play an important role of capture the light of sun. When this equipment set up already and make this small concave holes face to the sun, a lot of incident ray will through this concave holes get into bottom and absorb by tungsten.
On the other hand, many researchers insisted that WSe2 is more suitable than graphene to develop solar cells. Because the main structure of WSe2 is Se atom on the up and down layer and mid layer makes up by tungsten atom. This structure is similar with graphene and it can absorb lights as well. Besides the absorbed light can use for generate electricity. Using WSe2 to produce a kind of film. This film not only fine but also thin about 95% light can penetrate. But the rest of 5% light will absorb by material and turn into electricity. So intestine efficiency of this film si quite high if multiple thin layer accumulation to each other so a lot of incident ray can be more efficiently use.  
Tungsten-New Solar Materials

 

 

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