Scrap Tungsten Prices are Likely to Remain High
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- Category: Tungsten's News
- Published on Sunday, 28 July 2013 18:40
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If stoping and think deeper, maybe the Chinese are trying to dominate the scrap tungsten market. Carbide tools rely heavily on scrap. If the Chinese take control of that, they will run everything.
Though this theory may thus far be unsupported, it is something to consider given that one of the alleged reasons for reduced tungsten exports from China is that they are consuming more of the metal domestically to produce finished products.
Anetsberger once again points to a less devious motive– the growing industrial needs in China could also explain their desire for scrap.
He agreed, however, with predictions that the current summer lows will rebound, probably around September. After which prices are likely to remain high over the long term, said Anetsberger.
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The Chinese are Buying Scrap Tungsten Available
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- Category: Tungsten's News
- Published on Sunday, 28 July 2013 18:34
- Hits: 2104
Although suspicions and theories vary, almost everyone in the scrap and recycling tungsten industry point to a common factor at play China.
Stirling attests that the Chinese dictate the tungsten market without a doubt. They have a tendency, for example, to periodically flood the market with cheap APT, making scrap tungsten prices appear high.
Stanbach echoed the sentiment, noting that although the Chinese have mines producing the majority of the world’s supply, they still buy scrap.
Not only is China buying, according to Sery, the Chinese are buying every pound of scrap tungsten available.
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China Tungsten Bar On July 25,2013
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- Category: Tungsten's News
- Published on Friday, 26 July 2013 12:01
- Written by Elva
- Hits: 2273
China tungsten bar prices move up slightly
The tungsten metal market runs slowly in China. The market participants are still inactive in making deals, and the market remains quiet for the moment.
As the raw materials prices move up sharply, some tungsten bar suppliers raise offers. However, the demand from the downstream market is weak, and the trading volume is small.
You can visit the following links for more information about tungsten bar prices.
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Tungsten Projects
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- Category: Tungsten's News
- Published on Friday, 26 July 2013 12:45
- Written by Elva
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Tungsten projects see some action.
APT tungsten prices are holding steady at $400 to $410 per metric ton unit (mtu). And with summer coaxing tungsten traders into relaxation, tungsten exploration, development and mining companies are hard at work on their projects.
One of the fastest-moving brownfields projects for tungsten is Wolf Minerals Hemerdon project in the United Kingdom. The ASX-listed company is working hard at developing the project in order to bring it back online. In June, Wolf reported the first drawdown from the US$82-million funding package by Resource Capital Fund. The company also announced the start of a GBP75 million (~AU$123 million) Engineer Procure Construct contract with GR Engineering Services.
More recently, Wolf engaged CA Blackwell (Contracts) for a mining services contract valued at GBP85 million (AU$140 million).
Blackwell is expected to commence its work contract at Hemerdon sometime in March 2014. Per the contract agreements, investors can expect work to be completed at the project in two parts. Phase one of the contract will include mine stripping and development for which the company anticipates an 11-month timeframe. The second phase of the contract will be undertaking the development of the Hemerdon mine, which should take up to five years to complete once phase one has been finalized.
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Japanese Tungsten Market On July 25,2013
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- Category: Tungsten's News
- Published on Friday, 26 July 2013 11:57
- Written by Elva
- Hits: 2155
Japanese tungsten market runs slowly.
Sources in Japanese tungsten market reported that the market sees little improvement and most consumers watch the market.
The Japanese economic situation is hard to be warmer shortly, so the consumption for tungsten products does not increase.
You can visit the following links for more information about tungsten prices.
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