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Why Can't Tungsten Bring Great Profit for China?

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 16:20; Hits: 2422

China is a large producer of tungsten, and tungsten reserves accounted for about 70 percent of the world's total reserves and the tungsten output accounts for 80% of world production.

Tungsten has the highest melting point of all metals. It is known as the "Industrial teeth" and "industrial salt". Tungsten is widely used in the defense industry, aerospace, machinery manufacturing, oil drilling, special steel, new materials, including satellites, launch vehicles and spacecraft are also inseparable from the composition of the tungsten alloy.

As an important strategic resource, tungsten plays an important role in the national economic and national security. In tanks, tungsten alloy is used to make bombs, also used as a composite armor component to improve the thermal strength and temperature capabilities. Tungsten is applied for a variety of high-speed ammunition, especially armor-piercing and tungsten almost is the only option for high-speed armor-piercing bomb core material.

Later, the United States developed depleted uranium (uranium 238) to replace tungsten as armor-piercing material. But it has been criticized by environmental issues. In World War II, due to be cut off from the channels of the Chinese imports of tungsten ore, the Nazi German tanks is seriously lack of big-power tungsten penetrators, including Tiger tanks and other weapons are greatly reduced firepower.

Although China has the world's largest tungsten reserve, Due to the bad skill of excavating tungsten, China has wasted a lot of tungsten. In addition, lots of tungsten is exported for profit. So domestic turnstile has been exhausted and the wolframite resources are reducing quickly.

At present, China's tungsten reserve, production, trade and consumption volume rank first in the world. However, the rank in the world didn’t just bring pride. The import price is seven times of export price. In 2003, China exported 26,000 tons of semi-finished products of tungsten, with exports of $ 220 million accounted for 2/3 of the total exports of primary products. During the same period, China's exports bulb 6.6 billion, spent about 230 tons of tungsten, exports $ 200 million.

In the same year, the price of per ton tungsten imported is more than 199,000 US dollars, while the export price is $ 28,000, only 1/7 of the import price. China exported 2943 tons of tungsten products to the United States, accounting for 1/3 of the U.S. tungsten supply and exports of $ 25.6 million. In the same period, the sales revenue of the United States Kennametal reached $ 2 billion in the processing of tungsten carbide products imported. China's tungsten industry sales revenue is 10 billion yuan. Export-oriented primary product is the Achilles heel of many industries in China's foreign trade. Valuable resource is depleting, but tungsten didn’t bring lots of profit for China.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Snowden: the U.S. Monitored China Network through PRISM

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 10:54; Hits: 2262

At the beginning of June, 2013, Edward Snowden, the former employee of Booz disclosed to The Guardian and The Washington Post that in 2007, NSA (National Security Agency) and FBI (Federal Bureau of Investigation) started a secret network monitoring program named as PRISM. Then Snowden disclosed again that NSA invaded China computer system for several times by using PRISM. NSA monitored China network for 4 years at least.

Based on Snowden’s data, The Guardian and the Washington Post reported the PRISM. PRISM could inserted into center severs of internet companies in the U.S. directly and carried on data mining for intelligence. The U.S. intelligence analysts could contact all of users’ information directly, such as audio, video or email and follow users and their contacts. 9 internet giants involved in the event, including Apple, Microsoft, Google and Facebook.

According to Snowden, in 2009, NSA invaded computer system in mainland of China and Hong Kong for several times through PRISM so that could monitor China network. NSA attacked China websites, including enterprises, universities and governments. The targets were more than hundreds and time lasted for 4 years.

Chinese foreign ministry had figured out that China was victim for hacker before. But it didn’t point out where the attacking came from.

According to existing information, through PRISM, the U.S. intelligence can detect military intelligence in other countries. All of corporations who may be related to military defense cannot avoid monitor. Tungsten alloys which are provided by Chinatungsten Online may be used for manufacturing ordnances such as armor piercing, bullet or others in the case of unknown. So it is still unclear whether Chinatungsten Online is monitored by PRISM or not.

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
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China Tungsten Concentrate Market On Jun 24,2013

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 09:12; Written by Elva; Hits: 2210

China tungsten concentrate pries hold firm.

China tungsten concentrate prices hold firm at present. Many market participants are waiting for the offers of someone in China in the second half of June.

The trading volume is still small. A tungsten concentrate trader expressed that the tungsten concentrate market kept moving up in June.

You can visit the following links for more information about tungsten concertrate market. Thank you very much!

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
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European Ferro-tungsten Market On Jun 24,2013

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 09:18; Written by Elva; Hits: 2215

European ferro-tungsten prices edge up following volatile week.

Ferro-tungsten prices in the European market closed between USD46.50-47.50kg W in warehouse Rotterdam on Friday, up over USD1.00kg W from Tuesday.

Sources explained that firm prices of tungsten concentrate in the Chinese market, leading to higher ferro-tungsten export prices, were largely behind the pickup in Europe numbers.

Sources also reported that three containers of ferrotungsten destined for Europe were onboard the stricken containership MOL Comfort which broke up on the Indian Ocean last week. The vessel hit bad weather approaching the Gulf of Aden causing the hull to fracture in two parts.

You can visit the following links for more information about ferro-tungsten market. Thank you very much!

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

European Ammonium Paratungstate Market (APT Market) On Jun 24,2013

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 09:08; Written by Elva; Hits: 2179

European ammonium paratungstate market (APT market) offering prices held firm last week, closing between USD385-395mtu in warehouse Rotterdam on Friday, although buying activity remained scarce as consumers held back from purchasing due to plentiful reserves of inventory.

European ammonium paratungstate prices (APT prices) are closely following China export prices, which have moved up strongly over the past three weeks due to the June tungsten concentrate guide price increasing 12%.

European sources agreed that APT numbers are likely to hit USD400mtu in warehouse Rotterdam, but the thinly traded European market may mean that the rate of increase is slower than initially.

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