Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China show signs of rise in the week began on Monday December 07, 2020 as new tungsten forecast prices for the first half of December were raised slightly despite of limited adjustment.

Over the years, Greenland Minerals Limited' Kvanefjeld multi-element rare earth project attracted investors' interests. Recently, the company is raising another 30 million Australian dollars for the development of the project. The company will issue new shares to undisclosed institutions at 0.24 cents per share and raise an additional 3 million Australian dollars to shareholders.

Four sites of tungsten, molybdenum, iron and copper minerals were discovered in Inner Mongolia. According to the Geological Survey Institute of the Inner Mongolia Autonomous Region, recently, the Shenyang Geological Survey Center organized experts carried out the field acceptance of the “Inner Mongolia 1:50,000 Baiyin Obo, Xinglongdi, and BeigangTai Regional Geological Survey" project. The project discovered 4 iron, copper, tungsten and molybdenum mineralization points, identified 1 iron, copper, tungsten and molybdenum mineralization alteration zone, and delineated 2 prospecting target areas.

The estimated value of the proceeds from the transfer of the mining right of the Liaokeng Tungsten Mine in Ningdu County, Jiangxi Province was RMB 9,484,500 on June 30, 2020, according to the announcement of the Department of Natural Resources of Jiangxi Province, including the estimated value of the transfer income of the reserves of the mining rights and mining licenses of 8.0476 million yuan, and the estimated value of the transfer income of the reserves (65% WO₃) used from September 30, 2006, to December 31, 2018, was 1.4369 million yuan.