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Japan Will Import Rare Earth From India Instead of China

Details: Category: Tungsten's News; Published on Thursday, 04 September 2014 09:02; Written by jwy; Hits: 1756

As Japanese Economic News reported that, Mr Modi, India prime minister, will visit Japan on 1st, September for reaching an agreement on the cooperation of rare earth production and export. Japan is expected to import rare earth from India for the first time so as to reduce dependence on Chinese rare earth.

Tungsten Market Keeps Stable and Less Transaction

Details: Category: Tungsten's News; Published on Wednesday, 03 September 2014 16:01; Written by jwy; Hits: 1638

This week tungsten market still keeps downturn, tungsten merchants have financial strain, both buyers and sellers wait-and-see, there are less market operation and less transaction now.Tungsten market wait-and-see mood is strong, because there is still no good news, market confidence further weakened, downstream APT smelting factories last to suppress raw materials tungsten concentrate quotation, at present W60 appeared 100000 yuan/ton's low quotation.

We predict that before September guid price published, tungsten market will keep stable, transactions difficult to breakthrough. The tungsten concentrate price is hard to rise on Sep, majoy factors include, firstly, mine normal exploit, raw materials supply continued to grow, secondly, downstream demand lasts weak, supply and demand is hard to achieve balance, the supply exceeds the demand, thirdly, tungsten merchants has capital strain, so they are cautious to operate, maybe low price to sell, these are not good for mine price rise.

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Tungsten powder products offer centralized, strong steady market

Details: Category: Tungsten's News; Published on Wednesday, 03 September 2014 15:58; Written by HJF; Hits: 1622

Tungsten carbide powder and steady mainstream market, currently concentrated in the actual transaction between 253-255 yuan mainstream / kg, tend to focus on businesses offer high-low has been reduced turnover mainstream still focused on low-cost resources . September Scheelite guided forthcoming, the current powder watching the market atmosphere, short-term or continue steady.

Tungsten steel offer is still concentrated in the 270 yuan / kg nearby, high-purity tungsten 285 yuan / kg, tungsten electrode grinding rod 405 yuan / kg, black tungsten rod 360 yuan / kg or so. Powder prices steady, products businesses also lack the power price adjustment, quote had to continue maintenance of stability, lower still demand procurement. Short-term market is expected to more than tungsten products will continue to maintain steady trend.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Scheelite market confidence weakened, falling inquiry again

Details: Category: Tungsten's News; Published on Wednesday, 03 September 2014 16:00; Written by HJF; Hits: 1808

This weekend in September the latest price guide forthcoming, businesses regardless of market trading now are more on the sidelines, caution, tungsten smelter home offer basic weak stabilization, but tungsten ore buyers, especially individual traders are still very low pressure Scheelite inquiry, but the actual low turnover is not much more than the market is tentative inquiry. Scheelite mainstream markets or vulnerable stability maintenance this week, market inquiry or slightly active.

China Has Tightened Rare Earths Production After WTO Ruling

Details: Category: Tungsten's News; Published on Tuesday, 02 September 2014 16:52; Written by jwy; Hits: 1607

It’s no secret that China is the dominant player when it comes to rare earth elements (REEs). It has a 90-percent stranglehold on the bulk of supply and a 70-percent share of global consumption, so it was a significant blow when the World Trade Organization (WTO) ruled recently that its REE export restrictions violate international trade regulations.

With the ruling now finalized, it looks like China will have to make some changes. While prices won’t be affected much, China is looking at removing REE export taxes, which were levied at a rate of 15 to 20 percent. As Wall Street Daily states, the new tax regime “will force Chinese rare earth producers to raise prices towards levels outside China.”

Roskill Information Services notes that scrapping the export taxes could affect non-Chinese producers as FOB REE prices could potentially be reduced, bringing them more in line with Chinese domestic prices. And, as MINING.com states, the impact in the short term could be significant, as domestic prices are generally 36 percent lower than FOB prices.

However, Wall Street Daily does point out that the most significant change China will be making is that instead of controlling exports as it has been doing since 2010, its government will be controlling production. In order to control production, China will need to look at consolidating its REE industry, requiring many smaller, unproductive mines to shut down.

Should China manage to clean up its smaller mines and consolidate its REE industry, the country could solve the current overcapacity situation.

Company news

ASX-listed Northern Minerals (ASX:NTU) is targeting production at its flagship Browns Range REE project in Australia, for which it has been granted an Environmental Protection Authority recommendation for approval. The project, which straddles the West Australian and Northern Territory border is expected to product 279,000 kilograms of dysprosium over its 10-year mine life. The company is looking to be the next dysprosium producer outside of China.

South Africa-focused Great Western Minerals (TSXV:GWG) released its second-quarter results last week. Highlights from Q2 include a 31-percent increase in revenue to $5.6 million over the previous year. The company also released a feasibility study for the Steenkampskraal project, which means it is moving forward into the permitting process and will be looking to secure some funding in the near term.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn