Ammonium paratungstate prices(APT prices) move up further in China

According to the market participants, the ammonium paratungstate market (APT market) keeps quiet with few buying activities.

As the tungsten concentrate prices hold firm at relatively high level, the APT suppliers raise offers further in the spot market. However, the transaction prices move up slowly. 

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). 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
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An exploration stage company focused on the evaluation, acquisition and development of domestic tungsten mining opportunities, is pleased to announce that the stream sediment, soil and rock sampling survey recently completed by Carlin Trend Mining Services Ltd. of Elko, NV, identified several areas that have elevated concentrations of tungsten within the Company's Claim Block at the Cherry Creek Tungsten Project in Nevada.

The identified areas will be subject to additional sampling in the next phase of field work that will begin shortly. The objective of the next phase will be to prospect up-stream and identify the source of the tungsten in the samples taken, where results returned concentrations above the 5 ppm economic threshold. 

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

Processing and capital can make the tungsten market a tough place to be, but dwindling supply and insubstantial production indicate a coming price swing. 

Tungsten ranked second behind rare earths in the British Geological Survey's 2012 supply risk index based on a number of factors like location and concentration of production and reserves, but the report highlighted that tungsten (as well as rare earths) has lower recycling and low substitutability.

Tungsten Mining NL, (ASX:TGN) a company exploring for tungsten in Western Australia, on Thursday released the results of a scoping study showing the economic viability of its Kilba project.

The study values the project, an open-cut mine slated to produce 154,000 MTU of WO3 a year for 7 years, with a net present value of $36 million with an internal rate of return of 34 percent. The $56 million capital expenditures outlay is expected to be paid back within the first year of operation.

Located in the Gascoyne region of Western Australia, the deposit contains 1.4 million MTU of contained tungsten oxide, as defined in a JORC-compliant resource estimate.

“The release of the Scoping Study results is another major milestone for Tungsten Mining and its shareholders, managing director Paul Berndt said in a statement. “The Scoping Study indicates that Kilba is an economically attractive project, and the relatively low pre-production capital cost of $56 million is a low capital barrier for Tungsten Mining to overcome in order to join the ranks of the world’s very few tungsten producers outside China.”

Tungsten Mining said it plans to initiate a definitive feasibility study (DFS) for release in the second half of the year. More infill drilling is also expected to take place in zones 8 and 11 of the deposit.

Tungsten Mining closed at 18 cents on the ASX on Thursday, unmoved from the previous session.

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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The demand from the steel market does not recover, and the supply recovers in the European market, therefore, the ferro-tungsten prices ease slightly in Vietnam.

A major ferro-tungsten trader based in Vietnam expressed that they do not resume production now as the power supply is tight. He said that the prices for ferro-tungsten ease slightly this week, which are at around USD45-47/kg W.

China ammonium paratungstate offers (APT offers) move up further while trading keeps thin.

China tungsten concentrate prices keep increasing this week, so the ammonium paratungstate(APT) suppliers raise offers further this week.

But the trading volume remains at low level as the customers are inactive in making deals. A source from an ammonium paratungstate（APT） factory based in South China expressed that they make ammonium paratungstate offers (APT offers) at RMB212,000-213,000.

You can visit the following links for more information about  ammonium paratungstate prices (APT offers). 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 prices(APT prices) continue to increase.

Sources in the European ammonium paratungstate market(APT market) claim that the now common pattern of patchy demand shown by European consumers, and yet upward pricing movements due to increasing raw material costs in China, has once again taken hold of the European APT spot market prices.

Offering figures have moved up from USD375-385mtu in warehouse Rotterdam late last week, to between USD385-395mtu in warehouse Rotterdam as of Wednesday, and unconfirmed reports that a Japanese consumer purchased material from a China ammonium paratungstate(APT) producer above USD400mtu earlier this week led some sources to predict that the prices will continue to increaes.

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). 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

China tungsten bar market runs slowly.

The tungsten metal market runs slowly in China. The market participants are still inactive in making deals, and the market remains quiet for the moment.

As the raw materials prices move up sharply, some tungsten bar suppliers raise offers. However, the demand from the downstream tungsten mental market is weak, and the trading volume is small.

You can visit the following links for more information about  tungsten bar 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

Consumers inactive in purchasing tungsten carbide powder.

The tungsten concentrate and ammonium paratungstate prices(APT prices) move up further this week, and the tungsten carbide powder prices increase accordingly.

However, the downstream cemented carbide market is dull, and the tungsten carbide powder consumers are inactive in making deals.

An end-user for tungsten carbide powder based in North China expressed that they purchased some medium-sized tungsten carbide powder at RMB300kg.

You can visit the following links for more information about  tungsten carbide powder 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

North American Tungsten Corporation Ltd. (the "Company") is pleased to announce:

The Company has extended its CAD$12,000,000 working capital loan facility (the "Loan") with HSBC Bank Canada (the "Bank") until December 31, 2013.

A US$12,000,000 Letter of Credit ("L/C") backing the Loan is sponsored by two directors of the Company (the "Sponsors") and has been extended for the same period. The Sponsors and the Bank have similarly extended a "Put" Agreement that allows the Bank to exchange the outstanding balance under the Loan with the Sponsors for up to the US$12,000,000 L/C.

In exchange for extending the Put Agreement and the L/C, the Company has agreed to compensate the two Sponsors in the following manner;pay the Sponsors (in US dollars) on the last day of each calendar quarter, an aggregate amount equal to 1.25% of the maximum outstanding principal amount of the L/C during the immediately preceding calendar quarter (or portion thereof), which payments will begin September 30, 2013;

Pay to the Sponsors, an aggregate amount equal to US$2,000,000 (which amount includes the US$1,500,000 originally payable by June 30, 2013 under the original sponsor agreement) on the earlier of (i) the date the Loan is paid in full; (ii) the date the Loan is put to the Sponsors pursuant to the Put Agreement; or (iii) the date the L/C is drawn upon for payment of the Loan;

the Company has agreed to extend the General Security Agreement which grants security over the Company's assets including the MacTung project to the Sponsors. This is subordinated to the security under a Reclamation Security Agreement (see News Release of October 7, 2010);

Upon certain events of default the payments due to Sponsors on the last day of each quarter increase to an aggregate amount equal to 3.0% of the maximum outstanding principal amount of the L/C during the immediately preceding calendar quarter (or portion thereof); and the payment to the Sponsors will increase to US$2,500,000 from US$2,000,000;

Rreimburse the Sponsors' expenses in respect of this transaction; and subject to the approval by the TSX Venture Exchange, the Company will issue 5,000,000 share purchase warrants each of which is exercisable at $0.20 into one common share of the Company. The share purchase warrants will expire two years after issuance.

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