Tungsten Carbide Powder Price

Future Looks Dim for Energy-wasting Bulbs

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 12:22; Written by Elva; Hits: 2429

Environment minister Wong Kam-sing hopes to reach agreement within the next two months over the phasing out of incandescent lightbulbs.

"A public consultation was launched in 2011 to phase out incandescent lightbulbs, starting with the least energy-efficient types first," Wong said after a public event to promote energy efficiency yesterday.

The European Union and countries such as Switzerland and Australia have been phasing out incandescent lightbulbs since last year. The United States and Malaysia are due to follow suit next year.

Wong said the Environment Bureau has opted for a "charter plan" rather than legislation to achieve this.

"After studying comments by the public, we have chosen a charter plan under which an agreement will be reached with lightbulb traders to stop supplies," he said.

"Lightbulbs will be phased out entirely," said Wong, adding the exact time frame will be agreed by both sides. "The government is finalizing details with traders."

When asked if the scheme will be voluntary, he said there is a wide consensus in the industry to phase out such bulbs.

"I am optimistic since both the public and the trade share in the importance of saving energy," Wong added.

It is proposed the sale of incandescent lightbulbs, of 25 watts or more, will be banned if they fail to meet a minimum energy efficiency standard.

In his policy address in 2009, then chief executive Donald Tsang Yam-kuen proposed a cash coupon scheme in which the public would receive HK$100 coupons to exchange for energy- saving lightbulbs.

But the scheme never took off and it was scrapped.

The Energy Saving and Environment Concern Alliance welcomes the "charter" plan.

"At least we are seeing the government take this a step further," said a spokesman for the alliance, adding that it is a good development.

According to the alliance, some lightbulbs such as the tungsten halogen lamps, widely used in commercial displays, will be temporarily exempted from the ban as there is no effective substitute.

The alliance said instead of switching to energy-saving lightbulbs, consideration should be given to switching to LED bulbs that have longer life and may be 10 times more efficient than incandescent ones.

Some industry experts believe that within 10 years, LED bulbs will save more energy than other green technologies including high-voltage power transmission, electric vehicles, smart grids or renewable power.

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Information of Tungsten Market on March 8th

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 11:50; Hits: 2303

Domestic tungsten prices tend to grow smoothly, manufacturers are bullish about APT, they keen on adjusting the price. The highest point of the price has touched 180 thousand yuan per ton, tungsten carbide powder price rose as well, which has led downstream firms to lower their purchase volume. Trading volumes of waste tungsten picked up a little bit with price rising modestly under the affects of parts of the merchants. Tungsten price is expected to grow steadily. Macroscopically, Central Bank is restarting the buyback of excess liquidity, so monetary policy might be tightened in a modest manner. The so-called “New Five Articles OF China”(which aims at restricting the housing market) will soon be implemented, and room for speculation is narrowed. The sales volume of retailers in America rose slightly in February. It is expected that tungsten price might continue to rise steadily in the short run.

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Wolf Minerals a 'buy' - Analyst

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:47; Written by Elva; Hits: 2300

Shares in Wolf Minerals(WLFE) rose over 11% on Wednesday after it awarded a £75 million contract to Australia-based GR Engineering Services for the Hemerdon tungsten and tin project in the UK.

The fixed-price, fixed-term engineer procure construct (EPC) contract is for the design, construction and commissioning of a three million tonne-per-annum tungsten and tin mineral-processing plant, plus associated infrastructure, which will form "the key component" of the Hemerdon project.

The contract price is less than the £77 million estimated in a May 2011 definitive feasibility study. The contract forms the bulk of the development costs, estimated to be about £104 million, with land purchases, owners' costs and contingencies making up the balance.

Work on the two-year construction will commence upon satisfaction of the conditions precedent to financing.

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Versarien Announces Intention To Float On AIM; To Acquire Total Carbide

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 10:28; Written by Elva; Hits: 2444

Versarien Plc. , the advanced engineering materials group, announced its intention to raise funds and seek admission of its shares to trading on the AIM Market of the London Stock Exchange. Dealings are expected to commence on AIM in late March 2013. Northland Capital Partners Limited is acting as Nominated Adviser and sole Broker to the Group.

The Group's trading subsidiary, Versarien Technologies Limited was founded in 2010 to commercialise a process for the production of cutting edge porous metallic materials, developed at the University of Liverpool.

The company said that in conjunction with its Admission to AIM, it will acquire Total Carbide Limited, a long established advanced materials company manufacturing tungsten carbide, a wholly owned subsidiary of Elektron Technologies plc (EKT). The total consideration being paid by Versarien to Elektron for the entire issued share capital of Total Carbide is 2.3 million pounds. Completion of the acquisition is conditional on the Group's successful Admission.

For the six months ended 30 September 2012, Versarien reported turnover of £nil and a net loss of 168 thousand pounds. For the year to 31 January 2013 Total Carbide generated revenues of 3.8 million pounds and a profit after tax of 56 thousand pounds.

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Hemerdon Mine Firm Wolf Minerals Posts $2.5m LossWolf Minerals

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:32; Written by Elva; Hits: 2300

The Australian firm behind £130 million plans to re-start mining operations on the outskirts of Plymouth made a loss of $2.5 million in last six months of 2012.

It comes after an announcement yesterday that Wolf Minerals had awarded a £75 million design and build contract for the scheme's processing plant to fellow Australian firm GR Engineering.

The mine, at Hemerdon, is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.

Last month, a New Zealand-based business TTI (NZ) Ltd bought a 19.9% interest in the company as part of a $20.3 million share placement exercise to raise funds to provide working capital to progress the scheme – specifically by buying homes near the site of the mine.

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