Tungsten Enters the Limelight with Bullish Fundamentals

Location, processing and capital can make the tungsten market a tough place to be, but dwindling supply and insubstantial production indicate a coming price swing.

In this interview with The Metals Report, Ken Chernin, equity research analyst with Jennings Capital, talks about why investors have ignored tungsten in the past and which companies could be a "tungsten global force."

The Metals Report: Tungsten is used in many applications—to make tools, drill bits, glass bottles, aluminum cans, steel and wire.

Because it has a high melting point and is very dense. It's a very useful metal, but the British Geological Survey called it an endangered substance in a 2012 report.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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The Los Santos Mine View

The Los Santos Project produces tungsten concentrate from scheelite ore. The project is currently the only open pit tungsten mine in operation in the west. The open pit nature of the Los Santos Project helps Almonty control its costs as it allows for greater flexibility in mining and the planning/production process.

Almonty Industries is currently engaged in a 28,000 metre exploration campaign (7,000 metres per year over the next 4 years) with a view to extending the mine life and further delineating the resource at the Los Santos Project.

Underground mining at the Los Santos Project may be an option in the future in order to target the recovery of additional higher grade veins of ore after the open pit mining has recovered all the economically viable ore using this mining process.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

The Los Santos Project Open Pit Tungsten Mine in the West

Located in the western Iberian Peninsula in the province of Salamanca, the Los Santos Project is situated in a historical scheelite producing area and is the only open pit tungsten mine in the west.

The Project is located approximately 50 km from Salamanca, in western Spain and within 200 km of Almonty Industries’ management team’s former Panasqueira tungsten mine in Portugal and Ormonde’s past producing Barruecopardo project in Spain.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

The Los Santos Tungsten Project View

In the past  2010, the Los Santos Project had an annual output of approximately 225,000 tonnes of ore (at 0.25% WO3) and  the mine had an annual output of approximately 441,976 tonnes of ore (at 0.27% WO3).

Tungsten is a unique metal due to its high temperature properties and exceptional high density. The metal also has widespread uses with approximately half of all tungsten used in the production of hard materials.

Namely tungsten carbide, with the remaining major uses being in alloys, steels and chemicals. Tungsten occurs primarily as wolframite ore and scheelite ore within massive pyroxene skarns.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Tungsten Investment Highlights

On target with operational improvements, increased tungsten recovery rate to 64.8%  with an average feed grade of 0.32% during the month.

Exploration upside with a 28,000 metre drilling campaign over the next four years; Turn-key mine and processing are facility ;Only open pit Tungsten mine in operation in the west ;

Alignment of interests through significant management and insider ownership;33% increase in the quoted tungsten price as a result of China approaching a supply deficit and serious tightening of global supply;
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

 

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