The 2010 promotion held in Changsha several days ago recommended tungsten alloy electroplating technology in the entire province. Technical leaders and executives from more than 130 famous enterprises attended this promotion.

Tungsten alloy electroplating technology is one that applys to the corrosion and erosion resistance of the surface of mechanical equipment and parts. It was researched and developed originally by a team leaded by He Fengjiao, a professor of College of Chemistry and Chemical Engineering, Hunan Normal University.

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The tungsten industry in Ganxian County gained the main business revenue of 6.62 billion yuan, with year-on-year growth of 26.9 percent, spurring increase in enterprises at national scale by 7.5 percentage points. Tungsten Industry has become the driving force of its county economic development.

In order to make the tungsten industry bigger and stronger, the county has make the following efforts: integrating the tungsten mines of the entire county to optimize resource allocation; fostering the growth of leading enterprises with supports such as capital, water-power supply, policy and talents; accelerate the pace of scientific and technologic innovation. At present, there are more than 10 enterprises engaged in tungsten processing gaining the annual main business income of more than 100 million yuan, among which 4 enterprises pay taxes of more than 10 million yuan.

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With the rapid expanding of Chinese automobile industry, the demand for cutting tolls used for automobile parts & components processing is increasing growing. Besides, the demand for tungsten carbide in steel, transportation, construction and other sectors is more and more strong. The Chinese market has quietly evolved into a major character from a minor one, according to the strategic prospect of foreign tungsten carbide multi-national companies.

By the end of the five-year plan in 2015, the output of tungsten carbide in China will reach 30,000 tons, and sales revenue will reach 30 billion yuan. The exports double that of the 11^th five-year plan period, trying to exceed 1 billion dollars.

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Xiamen Tungsten still plans to invest heavily to build tungsten carbide project to expand existing capacity, in spite of the sharply decline in sales followed by the price downward trend of tungsten, rare earth and other major products.

The announcement published on April 17^th said that the company has sign the production project contract of tungsten carbide with Luoyang High-tech Economic & Technological Development Zone Management Committee. It will establish a company in the High-tech Zone to take responsibility for the implementation of the project while the committee will actively assist.

Xiamen Tungsten stressed that this project is a basic invest intent and will be built in phases, among which the first phases will spend 1 billion. The concrete follow-up investment ways and amount are to be researched and argued after the complement of the first phase project.

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Forever Metals, a large tungsten rings retailer and manufacturer, will release a new tungsten ring in May 2013. The Gorgons tungsten wedding band will be available on May 1st. The Gorgons will be available in two styles, one with a brushed center and one completely polished. The width of both rings will be 10mm. The Gorgons is a unique style that will surely be popular with those seeking a unique ring for their wedding band or fashion piece.

Forever Metals is considered one of the largest tungsten ring retailers of the internet. The extensive website includes a large collection of simple yet classic style along with many unique styles which make their website popular. Best sellers include the wood inlays, colored tungsten consisting of black and gold and the Celtic collection. The website includes many styles for both men and women, most available in many widths and finishes which make shopping easy for all that stop by.

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The tungsten market is active after May 1^st, and APT price keeps rising, maintaining at between 125000 and 127000 yuan per ton, among which some higher transaction price reached between 128000 and 130000 yuan per ton.

In tungsten concentrate market, sellers are still reluctant to sell out, even at 80000 yuan per ton.

The new order for tungsten carbide powder is transacted at between 203 and 205 yuan per kg, and the quotation reached 210 yuan per kg directly because of raw material shortage, consequently, there are few new concluded orders.

Foreign clients have placed comparatively many orders before tungsten price went up, so the export volume to Japan began to decline. There is no obvious improvement of downstream hard metal and tungsten material demand, while upstream market raw material supply is seriously tight, mainly because mineral holders are reluctant to sell when powder and APT enterprises are badly in need of purchase.

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China  ferro-tungsten market sees no obvious improvements.In the recent days, the tungsten concentrate prices moved up,and ferro-tungsten suppliers hold offers firm.

Ferro-tungsten market continued to be quiet, and the spot market saw few deals been concluded owing the soft demand. 

The ferro-tungsten prices increased slightly last week, and keep stable as whole for the moment. Many market participants watch the market for next term.

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Though tungsten demand is persistently growing owing to the widespread application in national defense, civil and war industries all over the world, increase Supply shortage has become a major growth dampener for the distinctive metal. The growth of the tungsten market depends largely on new discoveries and explorations.

As cemented tungsten carbide is satisfying changing technical demands in milling and turning operations, it is considered a key material for cutting-tool inserts. Ceramic-metallic compounds and ceramics are being produced and used as replacements for cemented tungsten carbide in order to fulfill varying market demands.

The relevant market data and trends are presented in "Tungsten: A Worldwide Market Review".

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China tungsten carbide powder market sees few deals with increasing prices.

Although the tungsten carbide powder prices move up with the increasing raw materials prices, the demand from the cemented carbide markets is weak, so the tungsten carbide powder market sees few deals. 

Furthermore, the tungsten carbide powder prices continue the uptrend, and most of the market participants are cautious in making deals with watching attitudes. 

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Xiamen Tungsten issued a statement on June 7 denying that it has a controlling stake in the company that have discovered the world's largest tungsten mine in southeast China's Jiangxi province, worth an estimated 300 billion yuan (US$47.15 billion).

Xiamen Tungsten's statement rebutted the article's claim that Xiamen Tungsten owned a stake in Jiangxi Jutong, the owner of the rights to the newly discovered mine.

According to Xiamen Tungsten, the article probably mistook the company for Xiamen Sanhong, another Xiamen-based firm which holds a 30% stake in Jiangxi Jutong, since Xiamen Tungsten's chairman is also a member of Xiamen Sanhong's board.

The primary shareholder of Jutong, Xiamen Tungsten said, is the Beijing-based Judian Investment, which controls a 53% stake in the Jiangxi company.

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