Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain stable early this week. Downstream purchasers are not active in stocking while raw material suppliers consider profit-taking. The supply of spot resources increases, but actual transactions are in a stalemate. 

Surge Copper Signs Option Agreement to Acquire a 70% Interest in The Berg copper-molybdenum-silver project from Centerra Gold Inc. The company has signed a final option agreement with Trampson Creek Metals Company Inc. (a wholly-owned subsidiary of TSX listed company Centerra Gold Inc.) under which Surge is entitled to a 70% interest in the Berg copper-molybdenum mine. The Silver Project, through the issuance of Surge’s C$5 million common stock and an C$8 million spending commitment, in each case, the maximum period is five years.

Tomsk Polytechnic University (TPU) scientists have developed a unique technique to produce tungsten carbide and other superhard materials. It is much simpler and more reliable than analogs. In addition, it allows using wastes containing similar materials as raw materials. The results were published in the International Journal of Refractory Metals and Hard Materials.

Nova Royalty Corp. to increase the royalty interest of the Taca Taca copper-gold-molybdenum project. According to the report, Nova Royalty is pleased to announce that it has entered into royalty purchase agreements with existing shareholders of the Company under which Nova will acquire a combined, existing 0.18% net smelter return royalty on the Taca Taca copper-gold-molybdenum project in Salta Province of Argentina.