HC Starck’s CEO, Andreas Meier told in a recent interview that he believes tungsten demand is starting to stabilize. Prices have stepped down from their 18-month highs and “destocking initiatives in the tungsten supply chain may be coming to an end.”

“Our view remains unchanged that China is heading for more added value-products to be produced in China and if you look how export licences have been reduced we see that outside of China when GDP growth rates recover it will again become very tight,” Meier told.


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HC Starck recently signed a joint venture agreement with Nui Phao Mining, Nui Phao will hold a 51-percent stake in the venture, while HC Starck will hold the remaining 49 percent, according to HC Stark’s statement.

Through the partnership, the companies will look to produce value-added tungsten chemicals like ammonium paratungstate (APT) and blue tungsten oxide (BTO) from the entirety of Nui Phao’s materials.

The venture is expected to produce 6,500 tons of tungsten trioxide per year. HC Starck has committed to purchasing a significant share for its own use.
 

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HC Starck’s CEO, Andreas Meier told in a recent interview that he believes tungsten demand is starting to stabilize. Prices have stepped down from their 18-month highs.

And “destocking initiatives in the tungsten supply chain may be coming to an end.”With that in mind, Meier admitted that the company is “reluctan[t] to become reliant on increasingly tight export supplies from China,”

Particularly if it is looking to target the Japanese and South Korean markets. It will continue on this path with the value-added tungsten products from its joint venture with Nui Phao.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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HC Starck recently signed a joint venture6 agreement with Nui Phao Mining, a subsidiary of Masan Group, one of Vietnam’s largest private-sector business groups.

 For the production of value-added tungsten chemicals in Vietnam. As part of the venture,  Nui Phao will begin work on the construction of a tungsten chemical plant.

With the first stage to start production sometime in August. The plant is expected to be completed in 2014.
 

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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