Tungsten value dropped 11 percent in the first quarter of 2007
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 17:12
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China exported 200 million U.S dollars worth of tungsten-based chemicals in the first quarter of 2007, down 11 percent, and imported 40 million US dollars worth, down another 11 percent, according to sources with the China Tungsten Industry Association on May 5.
The tungsten exports stood at 5,955 tons, down 6.4 percent, and imports at 1,509 tons, down 11 percent.
The total arrivals included 396 tons of tungsten products, up 22 percent, and 1,113 tons of tungsten concentrates, down 19 percent.
The net exports of tungsten concentrates amounted to 4,446 tons in the three-month period, the sources added.
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Asian Metal-World Tungsten Forum 2010
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 16:57
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Three companies benefit from the rebound of the tungsten market
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- Published on Thursday, 18 April 2013 15:04
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The panicky drop in the international price of gold and the lower price of copper, aluminum and other commodities has stressed the market. However, the price of the minor metal, tungsten, not affected by these drops, continued its upward trend. The quotation of tungsten of Pan-Asian Non-ferrous Metal Exchange has set a new high.
The rising price of tungsten has provided a good environment for companies. Xiamen Tungsten stated in its first-quarter performance forecast that the domestic and foreign demand has dramatically increased since March, 2013, gradually rising the sale price and the profitability.
There are three domestic listed companies covering the industrial chain of tungsten, they are Xiamen Tungsten, Hunan Non-ferrous Metals and Zhangyuan Tungsten.
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China’s restrict control of tungsten export dry up the global tungsten supply
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 16:41
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In recent years, China has imposed export restriction on tungsten and largely purchased this kind of metal, stimulating the demand for tungsten and motivating efforts to search for tungsten ore. However, the entire process takes two or three years. In a word, new major supply source will not have appeared by 2013.
Considering the short supply of tungsten in the world market, on which those industries strongly depending such as scientific industries, their choices are very limited. It’s unrealistic for most companies to purchase a mining company as what Warren Buffett has done. Thus, cooperating with companies supplying tungsten except Chinese suppliers has become the only possibility. It’s the only way in the foreseeable future for there are so many industries relying on this kind of irreplaceable metal.
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Expansion of Tungsten Carbide Recycling Facility in U.S.
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- Category: Tungsten's News
- Published on Thursday, 18 April 2013 14:28
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American National Carbide (ANC), a Texas based tungsten carbide supplier and machine tool manufacturer, has completed the expansion of its carbide scrap recycling facility.
The company said that following the upgrade, the facility now has capacity to process over 1,000,000 pounds (454 tons) of scrap carbide per year - making it one of the largest recyclers of scrap carbide in the world.
According to ANC, the new state-of-the-art equipment and major advancements in carbide recycling technology are the culmination of a two-year, multi-million dollar project.
The proprietary recycling process developed by ANC produces is claimed to produce no emissions or waste products and be capable of converting 100% of the scrap carbide back into usable raw material without any loss of integrity or quality in the material.
“This expansion was a key part of our push for sustainability with respect to tungsten carbide,” explained D. Greg Stroud, president of American National Carbide.
“By minimizing the presence of tungsten carbide in the waste stream and increasing recycling of this material, we are helping to offset any future effects of its consumption,” he added.
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