Chinese Plunged Platinum Demand Makes Tungsten Gold-Plated Products Popular

Platinum is a kind of precious metal with pure white appearance, which has always been welcomed by people. Platinum is very rare, so its value is far higher than gold, it also exists as a "luxury" in many people’s eyes. But in recent years the price of platinum has been on the decline, its price is even lower than gold. The domestic market demand for platinum also plunged, making platinum jewelry "hard to find."
 
China is a big consumer of platinum jewelry in the world, according to statistics, in 2015, due to the decline of the Chinese platinum jewelry purchases, the global platinum jewelry demand fell by 4%. Since platinum jewelry prices are falling, but why demand is much less of it? The reason is that although platinum is rare than gold, but it does not have hedging value as gold. Since 2015, the international platinum trading price is much lower than gold, but in the Chinese consumer market, the retail price has been high, which many consumers feel "suffer." Meanwhile, as China's slowing economic growth and the impact of corruption, many people changed their consumer behaviors, for such expensive consumer demand also significantly reduced.
 
Platinum’s demand Plunged, while tungsten gold-plated products are very popular. Tungsten gold-plated products, as name suggested that are manufactured by tungsten alloy and then do gold plating on its surface after, which can be used as handicrafts, collections or business gifts, such as tungsten gold-plated bars, tungsten gold plated coins, tungsten gold-plated rings, necklaces, etc. Tungsten gold-plated products can be plated with gold, silver, as well as platinum; so that makes tungsten gold-plated products have the equally attractive appearances like real gold, silver or platinum’s products. Because of the unique high-density, good corrosion resistance and wear resistance of tungsten alloy, tungsten gold-plated products are very durable, and the price is also appropriate. Therefore, as highly cost-effective products, tungsten gold-plated products are more and more popular. But our tungsten gold-plated products are merely used as ornamental, collectors and gifts; they can not be used to do illegal things. It requires us to be vigilant when purchasing precious metals products.
platinum ring and tungsten gold-plated bar

ICBC Acquired Barclay’s Coffer Accelerated International M&A

The full name of ICBC is South Africa's Standard Bank and Industrial Commercial Bank of China, which is the overseas subsidiary of ICBC. According to foreign media reports, recently, ICBC Standard Bank and Barclays Bank have agreed terms to acquire its coffer in London, the acquisition plan expected to be completed in July. It is reported that Barclay’s coffer is one of Europe's largest capacity coffers, people call it mini "Fort Knox," which can store about 2,000 tons of gold. Fort Knox, located in the Kentucky of the United States, it is the most important military training base of the US armored forces, but also the gold storage place of the US, which is the most heavily secured place in the US. Thus, Barclays coffer also has a very tight security system.
 
ICBC is China's largest trading bank of precious metals; we can see that ICBC has never stopped his footsteps of entering the international market from 2008 until today. In 2008, ICBC Standard Bank took stakes in Standard Bank, and becoming their largest shareholder; in 2012, it has made acquisition of Argentina Standard Bank; in 2015, it cost $ 770 million by acquisition of 60% right of Standard Bank Public Limited Company; in Jan. 2016, it acquired the lease right to the London coffer of Deutsche Bank, and after then, it became a clearing member of the London precious metals liquidation of the company. Now ICBC has acquired the Barclays coffer. These initiatives show its international M&A actions, which are all for its own development. These initiatives will also make ICBC plays a greater influence in international commodities trading and pricing. Standard Bank and ICBC also said that they are hoping to become one of the largest Chinese banks in precious metals market.
 
ICBC and Barclay’s coffer

 

Upward Gold Price Increases Gold Fraud, Silver Scam Fooled Many People

Recently, people had seemed to be taken by surprise by the plummeted steel price, but the international gold price has shown upward trend. According to foreign media reports, JP Morgan Chase recently said the previous fall gold price is a healthy correction, under the current negative interest rate environment; the gold has performed well, and can raise a lot. And they said, in this year, gold price is expected to rush $ 1,400 / ounce level. Goldman Sachs also said that net speculative positions of gold have increased, and gold investment attraction is significant. The upward gold price also brings some other investment issues. The gold fraud such as “gold rimming silver" also or "gold rimming tungsten" is not uncommon. There is a businessman recently encountered such gold fraud. His partner gave him a number of gold which is worth 2.68 million Yuan as pawn of lending money, but afterwards he found that all of the gold is "the gold rimming silver", the outer was coated with three millimeters thickness of gold, and there was silver inner. In addition to bullion, gold bar fraud, many gold coins, crafts and even jewelry etc. all have the adulteration problems.
 
While the fake gold fraud is in upgrading trend and the other side, many people fell into the "high returns" silver scam. Recently, the High Court was rejected the involved 6 criminals’ appeal for their silver scam which caused more than 100 people deceived and involved up to 9 million Yuan, and affirmed the verdict of the first trial, that is to sentence the 29-year-old man, He Gang to life imprisonment, the other five accomplices were sentenced 4 to 13 years in prison. He Gang together with five other people fabricated the silver trading scam online in the name of his company during 2013-2014, which had resulted in 60 people suffered great loss, the amount could be up to more than 900 million Yuan.
 
We've heard a lot of fake gold fraud, and even some foreign banks' reserves gold are total tungsten gold plated bars. In fact tungsten gold-plated bars which made of tungsten alloy are just used for the purposes of collection or souvenir or gift. The tungsten gold plated products provided by Chinatungsten are also just for play and appreciation only and can not act as gold, nor can not be used for doing illegal things. Whether it is gold fraud or silver scam, our law will not be tolerated. And the thing we can do is only to polish our eyes, so that would not be exploited by criminals.
 
fake gold

Will Thorium Tungsten Electrode Withdraw from Market?

Thorium tungsten electrode is mainly used in DC negative electrode or carbon, stainless steel, nickel alloy, titanium alloy and other positive electrodes. Due to its good operating performance, even if it is suffer from overload current, it still in good operating. However, when AC welding electrodes by thoriated wolfram electrode, welding should be in a fast speed, and users should be careful to avoid direct current soldering react before AC soldering. When AC welding, ball balled will not melt, so its effect is not as good as a liquid ball.

thorium tungsten electrodeThorium is used as the main ingredients for thoriated tungsten electrode which exists in mineral in the form of the chemical compounds, and emits α particle. Mass of emitted α particles is much larger than that of the electron, atoms of material will ionize and lose energy by the time the α particle go through it, so its penetration ability is poor, its range is only a few centimeters in the air, as long as a piece of paper or healthy skin to block. Nevertheless, once they are inhaled or injected, it would be very dangerous, which can directly damage cells, tissues of giblets.

China is so far the only country in the world to produce radioactive tungsten electrodes. However, radioactive element is a physical carcinogen, which is likely to bring out gene mutations, resulting in that a normal proto-oncogene and anti-oncogene have mutation, finally cause the cancer cells. Due to varying degrees of radioactive contamination in its production and application, thoriated wolfram electrode withdraw from market is only a matter of time. China has stepped up the controls on thorium mining in a year and a half ago, prohibiting mining the thorium. Thus resulting in the production of material of thoriated wolfram electrode is not enough, the supply is not adequate to the demand, and price rose sharply. In addition, currently ranked second usage is cerium tungsten electrode, which does not produce radioactive contamination, and belongs to green products, it only need a very small current that it can easily arcing, and dimensional arc current is relatively small. At low current DC conditions, cerium tungsten electrode enjoys a great popular in the world. On the other hand, thorium is a potential nuclear fuel which is widely distributed in the earth's crust, and it is a promising energy materials in the future.

 

Global Steel Price’s Decline Lead to Anemic Market Trading

The global steel price endures a continuous decline due to the overcapacity impact of global steel recently, which makes so many steel operators couldn’t afford. The index of Chinese domestic steel production in April is more than 10 percentage points, which making a substantial increase in steel production, and then resulting in steel prices decline. The demand of steel is insufficient to support such a large surplus of steel, so the global steel industry is facing the "Waterloo." Now the sentiment of business-to-bearish in steel market continued to spread, so that leads to steel market trading anemically. Europe imputed the problem of European plight of steel industry to China; they thought it was the lack of response efforts of China on the production and export of steel. Chinese Foreign Ministry spokesman responded that the steel overcapacity reflected a global problem, and China had taken early action and measures to resolve the problem for showing China's determination to solve the surplus of steel production.
 
According to foreign media reported, due to the impact of decline of global steel prices, the Spanish carrier is also facing the unsellable dilemma. The scrap recycling businessman has no interests in this carrier. The global steel overcapacity problem can not be mitigated in the short term; it also means that steel prices will continue to follow the downward trend in May. The decline of steel price also resulted in market trading anemically, and in order to liquidation timely, many businesses cut the steel prices which will also further accelerate the decline of steel prices. Whether the steel prices can return, it mainly depends on whether the insufficient effective demand caused by the global economic recession can be effectively addressed.
 
steel
 

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