Near the end, tungsten smelter return funds home-based, low operating actively, thus tungsten mainstream price stability maintenance; but scrap tungsten steel market due to reduced demand for downstream manufacturers offer lower again, spent two days in succession tungsten drill and other prices or different the decline.

Macro level, the central bank open market operations continue to be suspended, the market calls for further relaxation; Bloomberg economists: the third quarter is expected to cut interest rates further; oil prices fell nearly 3 percent on Tuesday, and the supply is expected to rise by the weight of the strong dollar.


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Recently, the Ministry of tungsten released in 2015, the total rare earth mining control targets, the national rare earth ore mining total control measure remains 105,000 tons, maintaining last year's number, the total amount of tungsten concentrate mined in the country control target of 91,300 tons, microliters than last year.

The notice also mentioned that Minmetals Corporation, China Aluminum Corporation, Baotou Iron and Steel Co., Ltd., Xiamen Tungsten Co., Ltd., Ganzhou Rare Earth Group Co., Ltd., Guangdong Rare Earth Industry Group Co., Ltd. 6 Rare Earth Group integration and restructuring program has been concerned approval for the record.

The total control of the rare earth ion-type rare earth ore indicators 17,900 tons, rock type indicators of 87,100 tons of rare earth ore. Tungsten concentrate in the main indicators of the national mining 73,300 tons, 18,000 tons utilization of indicators. The notice said, according to the State Department to speed up the implementation of the strategic requirements of enterprise groups of rare earth, rare-earth group and the inclusion of consolidation and restructuring has been completed, the total provincial indicators index in a single column by the provincial land and resources departments by single number assigned to the rare earth mining enterprises, No re-integration into the group or unfinished, continuing the provincial distribution.

Thus, this 6 RE Group won a separate program, such as the Inner Mongolia Baotou annual 59,500 tons of rare earth ores mining index, Ganzhou Rare Earth Mining Company Limited is 7965 tons ionic rare earth mining index, which the two companies and the north south, grasp the largest share of the two types of rare earths.

Rare is an important strategic non-renewable resources, is an important raw material to manufacture new energy vehicles, missile defense systems, wind turbines, smart phones and other technology products. Although China's rare earth reserves account for only 23% of the world reserves of rare earth resources, but the supply of rare earth products was more than 90% of the world rare earth market. And the status quo of trade imbalance is to establish over-exploitation of rare earth resources in the country, the ecological environment has been severely damaged foundations.

To this end, early in 2011, the State Council had issued the "Opinions on Promoting the sustainable and healthy development of rare earth industry," where that is the basic form to large enterprises as the leading pattern of rare earth industry, the South ionic rare earth industry in the top three The Enterprise Group of industrial concentration of more than 80% of the claim. It is precisely because, in recent years, China has been making efforts to promote the integration of rare earth resources development to enhance the concentration of rare earth mining rights.


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Tungsten market: near the end, weak demand tungsten, tungsten upward price weakness, but with more stringent environmental regulation this year, higher cost of production of tungsten, tungsten smelter home very price conscious enhancement, tungsten smelter home to complete the delivery of 5 March orders, received fewer new exercise alone, it is expected to announce before June guidance, tungsten-based product prices or major maintenance of stability, some tungsten price range or widening.

Near the end, businesses operating less active tungsten, tungsten smelter home to complete delivery in May orders, received fewer new exercise alone, is expected to announce before June guidance, tungsten-based product prices or major maintenance of stability.

Macro, before April SOE profits decline narrowed, coal, steel, nonferrous metals losses now; a number of agencies will be expected as early as June or drop quasi again cut interest rates; the state set policy red line blocking Guoziliushi to ensure the successful completion of mixed change.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten market: the overall performance of the tungsten market deserted, buyers and sellers more wait and see, and some waste materials such as tungsten grinding cargo operators worried outlook lower, and shipments will increase, no change in this ore prices compared with the previous week, down buyer inquiry Seller very price conscious strong spot market traded stalemate continued. Tungsten businesses have to return the funds, regardless of manufacturers and traders operating or more cautious, is expected by the end of May the price of tungsten or mainstream stabilization, turnover continued to light.

Tungsten Market overall performance deserted, buyers and sellers more wait and see, and some waste materials such as tungsten grinding cargo operators worried outlook lower, and shipments will increase, expected by the end of May the price of tungsten or mainstream stabilization, turnover continued to light.

Macro, domestic gasoline and diesel exports arbitrage gradually narrowed, the current round of price or stranded; steel oversupply remain under pressure, prices are still bearish; Beijing, Tianjin and industrial transfer guide recently or will be published.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten City overdue favorable factors more reluctant to sell goods holders wait guidance issued in June, the market outlook is more uncertain then shipped ore prices in recent days or temporarily stabilized; this ore price no change compared with the previous weekend, buyer down the inquiry, the seller very price conscious strong spot market traded stalemate continued.

Tungsten concentrate market price range difference is large, 50-60 tungsten concentrate 7.5-8 yuan / ton price Jie, but the turnover occurs between 7.6-7.8 yuan / ton. And in late May, tungsten businesses have to return the funds, regardless of manufacturers and traders operating or more cautious this week, tungsten ore spot market transactions or continuing deserted.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Both tungsten and molybdenum mineral resources are very rich in China, the reserves in the world, is also at the forefront, but both before and mineral resources within the scope of Hefei has not been found. Recently, good news from Anhui Geology and Mineral Bureau 327 teams came Luzong basin in the northern region (Lujiang County) discovered a new type of mineralization - tungsten ore, molybdenum ore, these two mineralization types Hefei range within the region and belong to the first time.

800 meters underground discovery of tungsten and molybdenum

December 2014, cold. Lujiang County, located along the harbor areas of Gu Shan copper polymetallic ore pre-inspection of the project site, Anhui Geology and Mineral Bureau 327 team is trying to rig construction, geological team wrapped in a thick coat of arms stick around the rig. Drill cores extracted with upward geological team's heart began hanging up. It has been four months since the start of drilling rigs operating in the 800 meters underground.

"Come and see, if there is something!" From the ground up to a length of 870 Rice on the core, the core of fractures in geological team saw a gray shiny light. Geological team are overjoyed, everyone have gathered around, geological team saw the leaden shiny molybdenite, and with the test equipment into the core invisible scheelite.

Tungsten and molybdenum discoveries like to geological team have injected a shot in the arm, in the cold, geological team to continue to squat core side of the box, carefully observed and recorded the extracted core samples. Outdoor temperature is cold, but the geological team's heart is warm.

Geological team braved the bitter cold on a day like this stick in the next drill, observing from greater depths to extract cores up every day. Recently, the rig drilling the final 1410 meters final hole in the ground to determine the area underground deposits of tungsten ore and molybdenum. In addition to discovering tungsten ore, molybdenum ore, Anhui Geology and Mineral Bureau 327 team is still drilling depth for the first time we found a "granite", which in turn is an important prospecting clues.

According to Anhui Geology and Mineral Bureau 327 team technical staff, he said in Hefei had been not been found tungsten ore and molybdenum, tungsten and molybdenum mine geological team discovered the 327 Luzong basin in the north (Lujiang County), It belongs to the first time in the history of Hefei area.

Good high grade mining prospects

Lujiang County, Port area has a good background in the geological mineralization.

According to Anhui Geology and Mineral Bureau 327 technical staff, said the team from the beginning of the 1960s, 327 geological team already carried out in the region for geological prospecting discovered mineralization is widespread in the region, rich in types.

August 2014, prospecting for early clues, combined with a comprehensive analysis of geological and geophysical and geochemical results of the 327 Geological Team, it was decided that the project team along the harbor area in East Gu Shan "Daikin concave" construction drilling verification. Perhaps "ancient sometime grind", because the area is more complex structure, rig construction encountered great difficulties. To drill inclination to specifications, sometimes drilling technicians around the clock for several days in the field study, op.

With the progress of the construction, although extraction up has been found to have a strong core of "alteration" phenomenon, also we got some mineralization clues, but we have not reached the desired objectives prospecting. Sometimes it does not seem to extract the core mineralization clues, some even younger geological team disappointed, laughing, "underground here is really clean."

But this time the team repeated observation and discussion of research, decided to continue to explore for deep cores extracted. Eventually, when the borehole construction to 870 meters underground fissures found leaden core sparkling molybdenite, and with the test equipment into the core invisible scheelite.

According to reports, the Drilling is ZK2 (Drilling of borehole number), extracted by the drilling core samples and found that depending on the thickness of 32.61 meters tungsten ore body containing an average grade of 0.19% WO3; molybdenum ore body depending on thickness 48.09 meters, containing an average grade of 0.289% Mo. Technical staff, said, according to the data, the discovery of tungsten and molybdenum mine higher grade, with good prospects for exploitation.


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Tungsten market: weak demand for tungsten, tungsten upward price weakness, APT prices fell setback, was inverted, resulting in APT smelter home initiative to further reduce the foreign purchase intention is not high. But with more stringent environmental regulation this year, higher cost of production of tungsten, tungsten smelter home very price conscious. Powder production and sales, as compared to the upper reaches of tungsten concentrate and APT, a little stability. Expected that the recent stabilization of tungsten city or the main part of tungsten price range or widening.

Weak demand for tungsten, tungsten upward price weakness, but with more stringent environmental regulation this year, higher cost of production of tungsten, tungsten smelter home very price conscious of expected the recent stabilization of tungsten city or the main part of tungsten or offer range widening.

Macro, Beijing, Tianjin and industrial transfer guide released soon, Tianjin and Hebei to undertake eight industries; May HSBC China manufacturing PMI initial 49.1, the highest 13-month low; the dollar to support the economic recovery.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
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