Nowadays, WTO has announced a report about America, EU, Japan appealing to Chinese export management of rare earth.

The leading official from the Ministry of Commerce of Treaty and Law Department has issued that the Appellate Body did not support American appeal, but stand by Chinese appeal on the basis of part terms of WTO’s rules, which was welcomed by China. China regretted to the adjudication made by the Appellate Body, which aimed to maintaining expert group’s compliance.

The leading official pointed out Chinese government has continued to strengthen and improve the integrated management to products with high pollution, high energy consumption and resource consumption in order to protect environment and non-renewable natural resource, which is also important to maintain global sustainable development. China believed that WTO do not only stress free trade, but also respect sovereignty of natural resources, and allow the members to protect resource by taking the necessary means. With the evaluation to WTO’s adjudication, China will strengthen the management of resource products, promote resource conservation, and maintain fair competition to achieve sustainable development in accordance with WTO’s regulation.

The officer said that the final adjudication will be defined when the reports from WTO’s Appellate Body and the export group are passed by WTO’s Dispute Settlement Body.

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Recently, the World Trade Organization released the report, the EU, Japan USA rare earth, tungsten, molybdenum China litigation related products export control measures and appellate body.

The Ministry of Commerce of treaty and law department person in charge made the remarks that, the Appellate Body did not support the appeal, on the legal interpretation as part of the terms of WTO rules to support China's appeal, China welcomes. The appellate body to maintain the expert group on the Chinese product export tariffs, export quota measures do not comply with the relevant WTO rules and China joined the WTO commitment award, China regrets.

Tungsten market: continuing weak demand of tungsten, tungsten, overall product unsalable, tungsten smelting plant is cut or stop production operation, the quotation slightly lowered, waste tungsten market strong wait-and-see atmosphere, trading atmosphere cold, poor business mentality, low-cost resources still more. Inquiry of tungsten concentrate increased, and 50-55 grade inquiry, high grade inquiry less. If this month, August prices are still no measure of tungsten or market stability is weak.

Inquiry of tungsten concentrate increased, and 50-55 grade inquiry, high grade inquiry less. Analysis of the main reasons are: on the one hand the smelting ferrotungsten factory production, high quality tungsten concentrate inquiry reduced; on the other hand, APT production requires only 50 grade can, smelting factory in order to reduce the cost, many purchasing 50 grade near.

Shippers more sell market outlook, have certain expectations for September August operation, low enthusiasm, a few funds for cash and a small amount of shipment. Is expected in the short term the ore price or stabilised, clinch a deal is still weak.


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At present, the overall situation of tungsten stable slightly vulnerable, waste tungsten market strong wait-and-see atmosphere, trading atmosphere cold, poor business mentality, low-cost resources still more. Although the golden nine silvers ten “ ” coming, but the downstream demand is still weak, the market outlook is expected in August will continue to run or weak, suggest goods business amount of goods, need the amount of goods at the end of the month. Expected short-term waste tungsten market or remain vulnerable to run.

Waste tungsten prices temporarily stabilized wait-and-see. At present, the waste tungsten bit is not including tax price concentrated in the mainstream 188-189 yuan /kg, domestic waste tungsten blade 168-170 yuan /kg, imports of scrap tungsten blade 178-180 yuan /kg, scrap wire drawing die 1780-180 yuan /kg. Waste tungsten grinding material 30-40 traders purchase price concentrated in the 1.45-1.5 yuan / degrees, 50-70 degrees concentrated in the 1.55-1.7 yuan / degrees, 70 degrees or more concentrated in the 1.7-1.75 yuan / degree.

Overseas, the transient stability of tungsten prices. 8 evening MB Rotterdam quotation for 40.5-41 dollars / kg tungsten, ammonium paratungstate European price 360-370 USD / ton, Hongkong price 361-370 USD / ton, to continue the steady. The European market demand is still weak, the overall trading atmosphere deserted, but the summer holiday is coming to an end, the market mentality is gradually improving, expected short-term overseas tungsten or run steady.


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Geneva time on August 7th, the World Trade Organization (WTO) announced American, EU, Japan Chinese rare earth, tungsten, molybdenum litigation related products export management measures case (hereinafter referred to as "the rare case") the Appellate Body report. The appellate body to maintain the WTO expert group on the Chinese product export tariffs, export quota measures do not comply with the relevant WTO rules and China joined the WTO commitment award.

A number of the industry to the twenty-first Century economic report reporter said, because it has long been expected, so the decision has little effect on the market. Professor, University of International Business and Economics law school Chen Weidong Academy of China part-time researcher WTO said, resources tax to replace or will be abolished export tax scheme, has been studied for a long time, but has not yet been introduced.

Tungsten market continued weakness in demand: Tungsten terminal, guiding the price fell, shippers hand inventory cost is high. Tungsten market this week stable and slightly lowered. Downstream tungsten smelting enterprises product unsalable, production operation, but with the current material tungsten prices hit bottom, manufacturers want hunters buy tungsten, tungsten market leads to low increase in inquiries, but the actual transactions remains weak, waste tungsten market atmosphere has been deserted, low-cost resources to further increase. Because the mind differences, businessmen price slightly high price confusion, poor widened, expected short-term tungsten, or experienced based.

Continued weakness in demand for tungsten terminal, guidance prices also fell, buyers were continued stalemate, tungsten concentrate market this week stable and slightly lowered. Downstream tungsten smelting enterprises product unsalable, production operation, but with the current material tungsten prices hit bottom, manufacturers want hunters buy tungsten, tungsten market leads to low increase in inquiries, but the actual transactions remains weak, it is expected that the recent market mainstream price still lower risk, but limited range.

Shippers hand inventory costs are higher, the current price of shippers will ship is still low, shippers much hope in the traditional peak season "golden nine silver ten", the current difficulties in the capital turnover and forced to small unless the goods now, hold the goods market, under the support of tungsten concentrate prices decline, the mainstream.


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Since August the tungsten concentrate agency guidance price decline, tungsten, business mentality remains in the doldrums, waste tungsten market atmosphere has been deserted, low-cost resources to further increase. Because the mind differences, businessmen price slightly high price confusion, poor widened. Expected short-term waste tungsten market or remain vulnerable to run.

The weakening of waste tungsten prices stable. At present, the waste tungsten bit is not including tax price concentrated in the mainstream 188-189 yuan /kg, domestic waste tungsten blade 168-170 yuan /kg, imports of scrap tungsten blade 178-180 yuan /kg, scrap wire drawing die 1780-180 yuan /kg. Waste tungsten grinding material 30-40 traders purchase price concentrated in the 1.45-1.5 yuan / degrees, 50-70 degrees concentrated in the 1.55-1.7 yuan / degrees, 70 degrees or more concentrated in the 1.7-1.75 yuan / degree.


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Plymouth Minerals has reported bullish assay data from multiple prospect areas within its brownfield Morille Tungsten Project in Spain. Early work programmes are indicating potential for annualised output of 100,000 MTU’s of ATP valued at US$38.8 million.

A first pass drilling programme seeking very shallow tungsten values across 6 of 16 historic mines contained within the Morille Project area may exceed earlier conceptual resource targets of 4 – 11 million tonnes grading 0.25% - 0.5% WO3. Historic tin production (poorly recorded) on site as well, but main economic value is tungsten.

The Morille Project area was historically mined by small groups of undercapitalised miners who typically operated within small tenements of typically less than 10 hectares and at very shallow depths. Production data show that that Morille produced high grade tungsten concentrate that was well received by global markets.

First pass drilling is indicating that historic mining boundaries were constrained by small tenement holdings as well as limited access to capital and that mineralisation extends well beyond mined areas.

Peer group tungsten miners and developers that are proximate to Morille are reporting cash operating costs that are as low as US$120 –US$130 per Metric Tonne Unit “MTU” of Tungsten Paratungstate (APT) or WO3, which currently sells for US$388 per MTU. This has resulted in current operating margins that are as high as 70% and feasibility studies for new projects with Internal Rates of Return as high as 52%.

High margins that are targeted are being driven by the strategic nature of tungsten and growing demand that is currently controlled by China with 85% of the market.

High margins at Morille will also be driven by the shallow nature of the resources and the simple and low cost gravity methods that are needed to produce high quality tungsten concentrate.


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