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The Price of Waste Tungsten Steel Rose Slightly

Details: Category: Tungsten's News; Published on Friday, 12 September 2014 13:47; Written by jwy; Hits: 1391

This week the price of waste tungsten steel rose slightly. Recently, the price (no tax) of waste tungsten bit focused on 189 to 190 yuan/kg, domestic waste tungsten blades price is 169 to 170 yuan/kg, imported waste tungsten blades price is 179 to 180 yuan/kg, up 0.5 to 1 yuan than the lowest price last week, but the highest price doesnot rise. The purchasing price of grinding material W content in 30 to 40 degree is concentrated in 1.45 to 1.5 yuan/degree, 50-70 degree focused on 1.55 to 1.65 yuan/degree, over 70 degree concentrated in 1.65 to 1.71 yuan/degree, with flat last week.

At the beginning of Sep, the atmosphere of wait-and-see in the market is strong, in addition, the guided price of tungsten concentrate has not yet been published in September, businessmen lack of pricing power. Gradually waste tungsten steel market demand is acceptable and dealing price is gradually close to the highest price, and business mentality is relatively strong. Waste tungsten material price associated closely with tungsten concentrate, but in tungsten concentrate price is poor in recent days, therefore waste tungsten material price is hard to rise. It is expected that waste tungsten market next week will stabilize, but the actual demand hasnot yet been released.

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Overseas Tungsten Market Has Turned up This Week

Details: Category: Tungsten's News; Published on Friday, 12 September 2014 13:45; Written by jwy; Hits: 1609

Overseas tungsten market has turned up this week. Up to 3rd, Sep, MB tungsten iron in Rotterdam is quoted 40 to 41 dollar/kg, which rose by $0.3 overall from last week. European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which is flat with last week. European summer break is over, downstream demand overseas has gradually released, the mentality of businessmen has became better, and quotation starts to rise, trading atmosphere is gradually recovery, it is expected that overseas tungsten market will continue to slowly rise next week.

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Email: sales@chinatungsten.com
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Tungsten scrap quotations remained stable, poor turnover

Details: Category: Tungsten's News; Published on Thursday, 11 September 2014 16:42; Written by HJF; Hits: 1565

Since September Scheelite guide price have come down, the business of "Golden September" Expect nothing, overall confidence in the city along with the weakening of tungsten. Tungsten scrap merchants have no plan to cut prices, offer remained stable, but demand is low, poor turnover, steady potential fear not for long. Expected short-term or temporary stability scrap tungsten market, investors may no shortage of fall, the proposed goods and more businesses may be appropriate low shot.

Tungsten scrap prices remain stable. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 169-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 179-180 yuan / kg. Grinding material purchase price 30-40 degrees W content focused on the 1.45-1.5 yuan / kWh, 50-70 degrees concentrated in the 1.55-1.65 yuan / kWh, more than 70 degrees concentrated in the 1.65-1.71 yuan / kWh.

Overseas tungsten City continued maintenance of stability. On the 10th evening MB Rotterdam ferrotungsten offer 40-41 USD / kg tungsten, ammonium paratungstate European offer of $ 350-360 / t degrees, the Hong Kong offer $ 358-370 / t degrees, are steady. European summer break ended, overseas downstream demand to be released, the market sentiment gradually improved, trading atmosphere gradually recover, expected short-term overseas tungsten Costco will remain stable trend.

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Tungsten ore market confidence weakened, the price was down slightly

Details: Category: Tungsten's News; Published on Thursday, 11 September 2014 16:44; Written by HJF; Hits: 1662

Today, tungsten ore market sentiment continued strong, buyers cautious to buy, hold stocks are at a loss to sell tangled spot market turnover continued stalemate, the mainstream market quotations temporarily disadvantaged stability maintenance. However, due to the continuing weakness guided ITIA, the traditional peak season & ldquo; Kim Koo & rdquo; demand nor improved business confidence fell more, inquiry continue to be suppressed.

It is understood that 60 wolframite transaction price of about 101,000 yuan / ton, 60-degree scheelite concentrate price has been suppressed to below 100,000, approximately 99,000 this week, buyers and sellers are careful to operate, even with the intention of , now more than in the negotiation stage, thinly traded stock. Tungsten concentrate prices are still expected to post slipped risk, and if more no positive factor stimulation, hold stocks or exploratory shipments will increase.

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North American Tungsten's Mactung Project Receives Regulatory Approval

Details: Category: Tungsten's News; Published on Thursday, 11 September 2014 16:10; Written by jwy; Hits: 3195

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces that the plan to develop the Company's Mactung Project ("Mactung"), a tungsten property in Yukon, has received environmental approval. After a deliberative process which began in 2008, Mactung's positive environmental assessment from the Yukon Environmental and Socio-economic Assessment Board ("Board") has been further certified by the Federal and Yukon Governments. The governments issued Decision Documents which will permit the Company to move forward in the regulatory process.

Published under the Yukon Environmental and Socio-economic Assessment Act, the Decision Documents include a series of terms and conditions that North American Tungsten must incorporate into Mactung Project's design and operations in order to mitigate the mine's impact on the site located northeast of Ross River, Yukon.

"I can't express strongly enough the importance of this decision to our Company," NTC's Chairman and CEO, Kurt Heikkila said. "We are very pleased with the decision of the Board and of the governments whose further approval was required. This decision forms the basis for our next set of efforts to be one of the largest tungsten producers in the western world."

"Mactung is NTC's most valuable asset and the Company is eager to bring its resources to market. With the release of the Decision Documents and in co-ordination with the First Nations on whose traditional territory Mactung is located, the Company has a much clearer path towards the day when Mactung will join Cantung as two centers of operations and profit - not only for NTC and its shareholders but also for the people and communities of the North."

"We take seriously the responsibilities which the governments and the Board have placed with us to properly steward the Mactung site," Mr. Heikkila continued, "and we believe that this corporate commitment will become increasingly obvious in the years ahead."

North American Tungsten currently operates the Cantung mine which is located just inside the border of the Northwest Territories ("N.W.T."), 300 kilometers northeast of Watson Lake, Yukon. Two hundred sixty people are currently employed at Cantung. Mactung is located about 160 kilometres up along the border with N.W.T., this time falling on the Yukon side. Mactung is currently anticipated to be about 50% larger than Cantung in size and scope of operations and is anticipated to produce 2,000 tonnes per day from an underground operation.

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