With two tungsten projects slated for production within the next few weeks, Vietnam is set to play a more significant role in the tungsten market.

With its 60-percent stake, Hazelwood Resources (ASX:HAZ) possesses the majority interest of Asia Tungsten Products, which owns ATC, a new ferrotungsten refinery in Vihn Bao. Hazelwood hopes to eventually become a vertically integrated ferrotungsten producer and is set to take a major step toward achieving that goal by bringing ATC online.

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Market participants are reporting weak demand for many tungsten products, including tungsten powder and tungsten carbide. Given these conditions, weak prices have softened further. Over the past week, 65-percent grade wolframite prices in China have fallen from the $285 to $290 range to $280 to $287.  The price for ammonium paratungstate grade 88.5 percent in China is in the range of $313 to $317 per metric ton, according to Metal-Pages.

Hazelwood Resources has been active in the market purchasing concentrate for the start up of the ATC ferrotungsten refinery. Terry Butler-Blaxell, managing director, serves as one source of confirmation of the market weakness. Not only did he note that the company has purchased tungsten at more attractive prices than expected, but he also said that upon establishing a reputation as a serious buyer it becomes clear that ample supply is available.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Market participants are reporting weak demand for many tungsten products, including tungsten powder and tungsten carbide. Given these conditions, weak prices have softened further. Over the past week, 65-percent grade wolframite prices in China have fallen from the $285 to $290 range to $280 to $287. The price for ammonium paratungstate grade 88.5 percent in China is in the range of $313 to $317 per metric ton, according to Metal-Pages.

Hazelwood Resources has been active in the market purchasing concentrate for the start up of the ATC ferrotungsten refinery. Terry Butler-Blaxell, managing director, serves as one source of confirmation of the market weakness. Not only did he note that the company has purchased tungsten at more attractive prices than expected, but he also said that upon establishing a reputation as a serious buyer it becomes clear that ample supply is available.

You can visit the following links for more news about tungsten. Thank you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Ministry of Industry and Information Technology of the People's Republic of China MIIT supports the industrial and information development in southern Jiangxi, the former central soviet area and other similar areas with 18 measures from 7 aspects by introducing Comments on supporting the industrial and information development in south Jiangxi, the former central soviet and other similar areas .

Reportedly, MIIT will support Ganzhou to build national major industrial base of rare earth and tungsten and the modal base of research, cooperation and innovation for rare earth materials.

You can visit the following links for more news for tungsten. Thank you very much!