Recently, the ministry of industry and information technology announced the first list of enterprises qualified, according to the industry admittance requirements for tungsten, tin and antimony industry and management interim measures of enterprises access to tungsten, tin and antimony industry.

The first list includes 9 enterprises in Jiangxi, they are Zhangyuan Tungsten in Chongyi County, Yaosheng Tungsten, Jiangwu Cemented Carbide, Haisheng Tungsten and Molybdenum in Ganzhou, Jiangwu Youtai New Materials, Yuanchi New Materials, Huamao Tungsten Materials, Ganzhou Nonferrous Metal Smelting and Huaxing Tungsten. It’s reported that the first list include 16 enterprises.

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Why tungsten prices are moving forward?

It is said that no new tungsten projects are coming on-line in the next 12-18 months. Then there is China's role. China accounts for 83% of global production and has considerable influence on tungsten prices.

China is looking to weaken Western producers as it would be more beneficial to maintain healthy prices to fund its businesses, its growth and its move into downstream and higher-margin tungsten products. China can respond quickly to drops in tungsten prices. For example, it was reported in one publication in January that the majority of tungsten miners were unwilling to sell their tungsten concentrate at lower prices because of the bullish outlook. This acts as somewhat of a floor, because the drop in supply would improve pricing.

We're going to see APT prices back up around the $400/Mtu mark, if not by late 2013 then by early to mid-2014.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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ZCC has proposed the objectives and outlook of “developing ZCC into a world-class cemented carbide enterprise” in 1980s and “holding a place among the international advanced cemented carbide enterprises” in 1990s. Entering the new century, ZCC has taken “building a world famous brand and being among world strong cemented carbide enterprises”. Such objectives make a united will and enable ZCC to become a new legend in the development history. The total assets are planned to reach 10 billion and the total profit is planned to reach 1 billion by the end of 12^th Five Year Plan to build an export-oriented and multinational company ranking top 3 in the world industry.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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American National Carbide, a tungsten carbide supplier and high-end toolmaker, has expanded its tungsten carbide scrap recycling facility to handle up to 1 million pounds (1 Mlb) scrap carbide per year.

Tungsten carbide scrap recycling is extremely important for meeting global tungsten demand. Current estimates of supply from recycling for the global tungsten market are about 35%, which is significant because 10 years ago it was 10%. Given that the U.S. doesn't have any producing tungsten mines, it's a positive for the country. With an improved outlook for U.S. manufacturing coupled with the shale boom, tungsten consumption is likely going to increase, and recycling will play a role in offseting any supply shortfalls.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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