Tungsten carbide has changed its name to Element Six Hard Materials. Having joined Element Six in late 2007, it now represents a major business area for the company as a whole. The name change reflects Element Six's ambitions to build on its leadership in the materials technology sector, particularly in the field of supermaterials such as tungsten carbide, synthetic diamond and cubic boron nitride. Karl-Georg Hildebrand, as executive director, is leading this business area as it makes its transition to a full part of the Element Six group. "

As Hard Materials we have a strong position in the mining and construction markets with products based mainly on tungsten carbide," notes Karl-Georg Hildebrand. "Being a part of Element Six means that we can benefit from the synergies of the company as a whole. For our customers this means that we can combine our strengths and technology with expertise from other business areas. This makes us a powerful force in the materials technology sector." This is a very exciting period in the materials business as rapid developments in technology are creating new market opportunities.



To benefit from these developments, Element Six has created a new company structure and organisation that will help the company build on its current success and to seek out new markets and opportunities. The new organisation recognises the fact that Element Six has particular leadership in different markets and needs to have a group structure that can support these markets more effectively. It also reflects the fact that Element Six lives in a highly competitive and rapidly changing world where success relies on being adaptable and responsive to its customers. Element Six Hard Materials is one of four business areas that comprise Element Six; the others are E6 Advanced Materials, E6 Oil & Gas, E6 Technologies. In addition, Element Six is operating a separate venture fund activity, E6 Ventures.

Ferrotungsten domestic downstream demand continues to weaken, the market rarely inquiry, the situation is not optimistic, more difficult than the last month, manufacturers started the situation remains low, and with the new year approaching, the operating rate, or more atrophy. However, very price conscious of manufacturers, smelters home outside offer basically unchanged from the end of November, there is no lower offer, and many manufacturers have not yet reached a deal this month.

Currently 70 ferrotungsten acceptance quoted in 160,000 yuan / ton, the cash price has fallen below the 160,000 mark. Analysis is expected with the introduction of guided and guided prices continued to fall in the tone has been determined, ferrotungsten offer difficult to stop the decline, the late mainstream offer or will fall below 160,000 yuan / ton mark.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Today Minmetals and Ganzhou Tungsten Association December guided forthcoming, combined merchant capital flows nervous today tungsten rich city of sentiment, spot transactions in more stalemate, although there are inquiries, but almost no turnover. Despite weak tungsten offer temporary maintenance of stability, but the market is generally bearish outlook, the latter is still hard to stop the decline in the price of tungsten.

It is understood that there are a small number of inquiries on the market, but the purchaser continues down a tentative inquiry, 55-60 degrees scheelite has 7.8-8 yuan / ton in the inquiry, and there is still depressed trend, yet the transaction.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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By the international and domestic macroeconomic impact, Gannan tungsten industry pressure is still great. Tungsten market downturn, thinly traded and capital returns slowly. Currently Ganzhou Scheelite tungsten Association offer of 9.5 yuan / ton, APT15.2 yuan / ton, the highest in nearly three years to a record low, lower actual transaction.

Scheelite than the 2011 peak of 155,000 yuan / ton down nearly forty percent over the same period last year, 120,000 yuan / ton fell as much, and no signs of improvement in a short time. Currently, tungsten smelter home production enthusiasm is low, especially in the procurement of raw materials carefully; tungsten ore businesses wait and see mood strong, more waiting in December guided introduction; insiders predict guided or continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:  sales@chinatungsten.com
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By the Hunan Provincial Bureau of Geology and 407 team compiled "Xinshao County, Hunan Lake Creek mine tungsten ore exploration Report" recently successfully filing, submitted 70,400 tons of tungsten resources, the scale of large deposits. It is the Hunan Province since 2000 through the filing of the first non-ferrous mineral exploration reports.

Xinshao County Lake Creek tungsten ore mine in Hunan Province Bureau of Geology and Exploration Team 407 commercial geological prospecting projects signed in 2010, which lasted four years, the project team completed the field work from a detailed investigation into the exploration, geological completed 1:2000

Tungsten market: near the end of the year, temporarily weak tungsten concentrate market stability maintenance, wait and see mood strong, coupled with business funding constraints, multi suspend operations, tungsten businesses increased financial pressure, combined with guided forthcoming, the tungsten market sentiment strong spot market volume was light ; despite yesterday's pan-Asian small amount of the payment to the old customers, but drop in the bucket, tungsten smelter cash flow is still tight, the entire domestic market have continued weakening tungsten run businesses generally bearish outlook tungsten, tungsten municipal demand is expected to December 11 or less January weaker.

Molybdenum market: This week most businesses are not shipping molybdenite, offer low motivation, International Molybdenum iron prices to some extent affected the domestic business mentality, domestic ferromolybdenum volume also decreased this week, mostly in the business volume 15-50 ton range, expected short-term market steady.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Pan Asia this week, with the brewing event, and the year the bank will face tungsten smelter audit, downstream manufacturers of tungsten steel scrap procurement needs less, prompting tungsten scrap prices continue to fall this week.

With the falling prices of raw materials tungsten concentrate, tungsten entire domestic market have continued weakening operation, tungsten businesses generally bearish outlook, guide price or continue to fall sharply in December, scrap tungsten steel big money traders are also many goods trap, waste tungsten steel market activity is not high.

It is understood that there are some two days after another scrap tungsten steel traders pause acquisitions, only a small number of traders continued receipt, but the volume is small, and offer relatively down 2-3 before re-yuan / kg. Analysts believe that the 12 month of tungsten steel scrap market or difficult to reverse, post or still lower risk.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Today, the market temporarily weak tungsten concentrate maintenance of stability, strong market sentiment, coupled with business funding constraints, more pause operation, a lot of Ganzhou tungsten ore traders have suspended purchases, only to see some specific APT smelters purchase the right amount of tungsten concentrate price and the actual transaction price continues exploratory decline.

It is understood that 60-degree mainstream price of tungsten concentrate concentrated in 83,000 yuan / ton, tungsten ore cargo operators reluctant to sell darker mood, but forced by financial constraints, some traders to sell some small amount of tungsten ore. APT, etc. However, the continuous pressure of tungsten concentrate smelter home inquiry, we understand there have been 60 degrees Scheelite inquiry 80000 or less.

Analysis is expected to: Pan Asia this week, although a small amount of the payment to the old customers, but drop in the bucket, APT tungsten smelter and other capital flows are still tight, December tungsten city needs or weaker than in November, December or guidance prices continue to fall, black Scheelite guided or dropped 90,000 yuan / ton.


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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Tungsten market: Tungsten City continued weakness in demand, the market volume was light. Tungsten smelter home production enthusiasm is low, raw material procurement especially cautious; tungsten powder smelter home production enthusiasm is not too high, a further drop in the price of powdered sodium tungstate market demand continues to be light, strong factory very price conscious, offer phase change from last week small, tungsten ore businesses wait and see mood strong, multi-guided introduction to wait in December; guided or expected to continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.

This week tungsten powder smelter home production enthusiasm is not too high, powder prices have once again lowered the relative last week lowered 3-4 yuan / kg. It is understood that the particles of tungsten powder tax offer for 222-225 yuan / kg, tungsten carbide powder particles tax offer for 220-224 yuan / kg; and then there are the actual transaction tungsten powder 220 yuan / kg transaction prices, tungsten carbide powder has now sold 220 yuan / kg or less.

Tungsten smelter home enthusiasm for production reasons for the decrease are: ① near the Gregorian calendar of the year, manufacturers will respond loan audit bank to return the funds, reduce production capacity; ② raw material prices continue to decline, the market outlook is likely to continue to decline, so cautious manufacturers operate; ③12 month guided this upcoming weekend, tungsten and more businesses currently watching the market, waiting for the introduction of further guided decision.


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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