Ferro-tungsten Prices Likely to Continue Downward Trend
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 09:59
- Written by Elva
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Ferro-tungsten prices slipped to $39-39.50 per kg in Europe on Friday March 8, in a well-supplied market without the demand to support it.
Metal Bulletin’s in-warehouse Rotterdam quotation stood at $39.50-39.90 previously, and suggestions have now emerged that prices could soon drop below $39. “There was a bit of interest from traders. They’re thinking of stocking up at these levels,” a trader told Metal Bulletin. “I don’t know of anyone else who would be buying. It’s..."
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Forever Metals has lowered Tungsten Watches to $50 During March Sale
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:58
- Written by jiang
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tungsten rings manufacturer and retailer has lowered the price of Tungsten Watches to $50 for the month of March only. The tungsten retailer primarily focuses on marketing their large collection of rings and feel that the Spring season would be a good time to start marketing the collection of tungsten watches and bracelets. Forever Metals tungsten watches retails for $99 and has 7 unique styles to choose from for both men and women.
Tungsten Watches by Forever Metals come equipped with tungsten metal and a Swiss 785 movement. All watches have a scratch resistant sapphire crystal lens providing an extremely hard glass face. All watches have been tried and tested for accurate time keeping and water resistance.
Forever Metals urges customers to shop with confidence when choosing tungsten carbide. Tungsten is a strong, durable metal that can hold up to any beating. The high polished finish is also extremely scratch resistant which make the metal popular for those that work with their hands.
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Transaction of Tungsten is Weak in Europe Market
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:25
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According to MB(Metal Bulletin) an English paper, market quotes of tungsten in Rotterdam on 6th this month was $39.50-39.00 per kilogram, dropped 10 cents. Many marketers reckoned there is still some room for the price to fall by the end of the first quarter.
“a business couples quote the current price at $39-39.5 per kilogram, but there has yet any news. I am not expecting to enter the market, I will wait and see.” A merchant said. The market is stalling at a down spiral, anther merchant suggested that the market won’t recover soon, “ My initial quotation is 40 dollars, some customers were willing to make the deal, but it turned out that the price was far below 40.”
“I heard that the price will stall at some point between 39-40, but I don’t think the downward trends will stop” One gentle man said, added the Rotterdam’s quotation is at its lowest point since December, 2010, marketing transactions is cool and profit margin is contracting, even quite a few businessmen are at lost.
A man expressed his frustration with tungsten market saying “ tungsten business hard to run and no positive signs can be seen though, suppliers seem to be not ready to ship their goods.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Ore Market Inquiry Form Increased, Molybdenum Quotes Running Low
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:50
- Written by Elva
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Tungsten Market Quotes: Minmetals’ guidance prices continue to be flat in March, tungsten ore market inquiry form increased and shipments will is enhanced enhanced .APT price keep steady to rise, high price has raised to around 178,000 yuan / ton, the quoted market price of tungsten carbide powder artificially high.The procurement ability of downstream Carbide corporates are weaken, waste tungsten steel businesses keep optimistic mentality, no hurry to ship and stably operate for short.
Ganzhou Tungsten Association guide price in March compared with February a slight rise, the tungsten market or re-warming. Held cargo miners offer range widened space up even more prominent phenomenon the tungsten iron market stimulated by the price of raw materials, manufacturers price gradually pulled tungsten carbide high-priced resources increased, but the actual turnover of follow-up difficult. We expect slow uplink, the overall tungsten City short term market steady market settlement prices of many running low.
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Colt Resources Secures Site for Infrastructure Needed to Support Mining at Tabuaço
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 16:52
- Written by Elva
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Yesterday, Colt Resources announced the signing of a binding letter of intent for the option to purchase roughly 247 acres (equivalent to 1.0 km2 aka 100 hectares), on which the company plans to construct the necessary surface mining infrastructure for the Tabuaço tungsten project in northern Portugal. The parcel of property, known as Passa Frio, would serve as the site for the processing plant (including jaw crushers, mill and concentrator), warehouses, dams and tailings impoundment facility needed to bring the mine into production. The property is situated away from residential areas and already is zoned to permit the construction of the off-site processing infrastructure. Over the next months, Colt Resources will have the property surveyed to verify legal title. Thereafter, for a payment of €100,000, Colt Resources may enter into three-year option enabling the purchase Passa Frio for €350,000.
The Tabuaço tungsten project is comprised of a scheelite (tungsten) deposit with a NI 43-10-compliant indicated resource estimate of 815,000 MTU WO3 (1,495,000 tonnes grading 0.55% WO3) and an inferred resource estimate of 720,000 MTU WO3 (1,230,000 tonnes grading 0.59% WO3). A portion of the deposit underlies a port wine vineyard on the western terraced slope of the Távora River valley. In August 2011, Colt Resources acquired 140 hectares of surface rights, which includes the Senhora do Convento vineyard and operational winery that produces port and red table wines. By securing the land over most of the São Pedro das Águias deposit, the company has unencumbered access to a large part of the project area, including the site which is most suitable for the entrance to the planned underground mine.
As demonstrated by this and preceding announcements, management is fast tracking the development of the Tabuaço tungsten project. The Experimental Mining License (EML) for Tabuaço was granted by the DGEG in February, and work on a preliminary economic assessment (PEA) continues. Management anticipates the PEA to be completed during the second quarter. Thereafter, management plans to conduct a pilot mill test on approximately 20 metric tons of scheelite ore. Also, the potential production of fluorite concentrate as by-product will be examined
Management continues to be engaged in discussions with undisclosed potential partners to bring the mine to production at Tabuaço within two or three years. We would expect that the development of Tabuaço would be structured in a manner similar to the Penedono joint venture with the partner providing capital and further developing the project in order to earn a substantial stake in the concession. In this manner, Colt Resources would be able to focus its capital resources on the development of the Boa Fé gold project in southern Portugal. Nonetheless, management plans on bring the Tabuaço scheelite mine to production in 2015.
We reaffirm our Outperform rating and recently raised price target of $2.15, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.
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