Tungsten Market Analysis
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- Category: Tungsten's News
- Published on Wednesday, 16 December 2015 18:44
- Written by yiping
- Hits: 532
Tungsten market after falling on November, in November and December the price starts to go up stability. The reason that tungsten series products’ price going up is because tungsten price falling down to production cost line so many mines and factories stop to operate and produce. So now spot market has a problems of energy pinch. Besides, some tungsten corporations got union to make tungsten price going up. So the price of tungsten series product are going up. At the same time, because many mines stop operating so tungsten concentrate price going up result in APT manufacturers, ferro tungsten manufacturers and other manufactures hard to buy the raw materials so lead to tungsten series products’ price going up. On the other hand, China State Reserve Bureau has some purchase plan about tungsten and it play a significant role at shore up tungsten series products’ price.
According to the early report, Ganzhou Tungsten Instruction Association after 2 months stop putting up the guide price,at the early of December it put up a new guide price of tungsten price. The guide price compare to maker tungsten price is lower. But due to the reasons which analyzed at the before so tungsten series produces’ price is relatively strong and continue to going up. There are some tungsten product’s guide price which given by Ganzhou Tungsten Instruction Association at the early of December, wolframite concentrate: 62,000 RMB/ton; APT:100,000 RMB/ton, medium grain tungsten powder: 160 RMB/kg.
Tungsten series products market prospect: at present the whole tungsten market is going better and the confident of this industry has improved. However, due to China steel production is saturated and the times of cutting production is coming, so steel industry still depress. Steel industry depress will occurs bad effect at tungsten bar, tungsten rod and other tungsten products. At the same time, there are still have some limiting condition of tungsten products on the market so the up range of tungsten price will not very large. Tungsten market price although going up, but many manufacturers still hold see and wait opinion so the turnover of tungsten will not too much.
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Yuan as a major world currency will make tungsten market relaxed
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- Category: Tungsten's News
- Published on Thursday, 03 December 2015 20:15
- Written by TungstenAlloy
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The International Monetary Found (IMF) Executive Board included the Chinese currency RMB into its Special Drawing Rights (SDR) basket on Nov. 30, and will be take effect on Oct. 1, 2016. The proportion of the SDR basket will be adjusted to USD 41.73%, EUR 30.93%, RMB 10.92%, JPY 8.33% and GBP 8.09%.
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Risky Rescue: Tungsten Purchase Reveals Devolution Desperation III
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- Category: Tungsten's News
- Published on Monday, 30 November 2015 10:27
- Written by xinyi
- Hits: 602
The price of devolution
In the lead up to devolution, concerns were raised that the resource revenues promised in the deal with Canada would not be enough to outweigh the high costs of taking on additional responsibility.
So far, the deal has indeed under-delivered, at least in terms of revenues. Despite originally estimating that it could collect a share totalling $60 million for the year, the GNWT lowered its estimate for the 2014-15 fiscal year to closer to $40 million. Based on the continued downturn in mining, oil and gas in the territory, it’s likely that 2015-16 will see similar figures.
To add to that, we still don’t have a clear enough picture of the total costs of devolution to fully understand if the benefits of northern control are truly outweighing the liabilities.
While the GNWT is probably not planning any further acquisitions of resource properties in the near future, the move to save Mactung raises red flags, not only about the dire state of global resource markets, but the lengths the government is willing to go to try to salvage the industry for the sake of resource revenues.
We may still be in the throes of the post-devolution evolution, but it seems rather doubtful that acquiring a mining property was what territorial leaders — and residents — had in mind when they said they wanted more control over lands, water and resources in the NWT. By throwing this property a taxpayer-funded lifeline, the GNWT has set a dangerous precedent for a struggling sector and revealed its own economic panic.
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Gamma Radiation and X-Rays’ Characteristics
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- Category: Tungsten's News
- Published on Tuesday, 01 December 2015 19:42
- Written by TungstenAlloy
- Hits: 1158
There are some characteristics of gamma radiation and X-ray as follows:
1. Gamma radiation and X-rays are electromagnetic radiation like visible light, radio waves, and ultraviolet light. These electromagnetic radiations differ only in the amount of energy they have. Gamma rays and X-rays are the most energetic of these.
Risky Rescue: Tungsten Purchase Reveals Devolution Desperation II
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- Category: Tungsten's News
- Published on Monday, 30 November 2015 10:25
- Written by xinyi
- Hits: 603
Extra securities not received
Prior to Cantung’s closure, concerns were raised by regular members of the legislative assembly about the danger of leaving taxpayers on the hook for the mine. Recently retired Weledeh MLA Bob Bromley questioned whether the securities would be enough to clean up the property if it went under, a fear sprung from the bungling of Yellowknife’s defunct Giant Mine.
As with Giant, the federal government is now responsible for Cantung’s remediation. While the tungsten operation promises to leave a much less permanent and hazardous mark on the landscape than Giant’s 237,000 tonnes of arsenic trioxide, environmental groups have already raised concerns about the need for independent oversight.
Along with the mine, Canada was also handed the security bonds collected from NATCL. As of last spring, the amount in pocket was just over $11 million. In June, the regulator requested the company pony up an additional $19 million in securities for the mine, bringing the total to $30.95 million.
But according to the GNWT, that extra security deposit was never received, and there is no other word on whether or not it will — or can — still be collected from the bankrupt company.
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