The price of tungsten this year will stay above 40 thousand dollars per ton,according to Pierre Monet, the Ceo of Malaga Inc, a tungsten manufacturer, in an interview in Tronto.

It is said that the output of tungsten products of Pasto Bueno, a factory of Malaga in Peru, accounts for about 10 percent of the global output. The company plans to increase the tungsten processing capacity from 350 tons to 500 tons per day. Besides, it produces the volume of one container of tungsten for its consumers.

Based on the European price data from Metal Bulletin, APT, the trading form of tungsten, have risen by 32 percent to 440 dollars per ton last year. Besides, the price of tungsten applying to drills, industrial tools and cellphones has risen 6 times since 2003.

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Recent price setback of tungsten concentrate in 2012 has adversely affected the profitability and development of the entire tungsten industry. With the lower demand for cemented carbide, steel and other products, tungsten raw material prices have been squeezed, worsening the marking environment of enterprises. Thus, it is urgent that the tungsten industry should find a new way to develop actively yet prudently.

Given this, Ruidow Metal Net will invite people of various circles to meet in Chengdu on May 26^th, 2013 to discuss the major problems and further development of this industry.

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China tungsten concentrate prices move up further this week. Many downstream customers expressed that it is hard to purchase materials in the spot market.

A  tungsten concentrate factory based in South China noted that the tungsten concentrate market keeps on moving up now. He said that the tungsten concentrate prices will increase further.

China  tungsten electrode market is quiet as the downstream customers are inactive in making deals.

Although the raw materials prices move up, tungsten electrode prices are stable tentatively now. A tungsten electrode factory said that they have  an output of around 10 tons per month, noted that they mainly dealt with the old customers.

Tungsten carbide powder market continues to be quiet now as many downstream customers are inactive in purchase in large quantities.

Owing to the increasing raw materials prices, the tungsten carbide powder prices increase slightly. But the transaction prices move up slowly.  A tungsten carbide powder factory said that  they  have an output of around 200 tons per month.

You can visit the following links for more information about tungsten carbide powder prices. Thank you very much!

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Tungsten Mining Managing Director, Paul Berndt, said the excellent high-grade results received from the drilling confirms the Company’s belief in the Kilba Project and justify its focus on the rapid evaluation and development of the Kilba Project.

“To this end the Company has engaged CSA Global to model mineralisation present at Zone 11 with the objective of producing a JORC-compliant Resource by May,” Mr Berndt said. “We are on target to create significant project value at Kilba, by completing a feasibility study within a year." The final analytical results have been received from 46 of the 59 holes drilled in 2013, confirming the high-grade nature of coarse grained scheelite mineralisation present.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Mining NL  reported that drilling continues to intersect significant high-grade tungsten mineralisation at the Kilba Project in the Gascoyne Region of Western Australia. To date the Company has drilled 24 diamond holes and 43 reverse circulation (RC) holes for a total of 7116 metres.

Tungsten Mining NL  commenced drilling in November 2012 to confirm the presence of high-grade tungsten mineralisation at the Kilba Project indicated by historic drilling completed by Union Carbide Corporation in the 1970s/1980s. Current drilling is targeting Zone 11 located on the 100% owned and granted Mining Lease 08/314 (Figure 1). 

Exploration has completed an 80 metre by 40 metre spaced drill pattern over the main 900 metres of outcropping mineralisation at Zone 11. Broader spaced drilling has also tested strike extensions on 80 to 160 metre spaced sections, for a further 300 metres.

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China  tungsten concentrate prices are stable now. The tungsten concentrate prices increased sharply last week, and most of the market participants watch the market for a while, and do not eager to make deals in the spot market.

A source from a tungsten concentrate factory the  output is around 70-80tons.

European Ammonium Paratungstate (APT) market remains quiet despite the increasing China export prices.

China APT export prices increased by around USD10mtu last week to range between USD350-360mtu CIF Rotterdam as of Friday and domestic prices also increased sharply as tungsten concentrate suppliers pulled back from offering material, forcing prices to increase.

Despite this, movement in Europe continued at a downbeat pace and prices held unchanged hovering around the USD340mtu in warehouse Rotterdam level on Friday. One European dealer of ammonium paratungstate(APT) commented that the large European tungsten consumers from the hard metal and tooling sectors were only entering the market to test.

You can visit the following links for more information about ammonium paratungstate (APT) prices. Thank you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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China Ammonium Paratungstate(APT) prices increase and suppliers unwilling to sell materials.

With the increasing tungsten concentrate prices, the APT prices move up accordingly. Furthermore, some tungsten concentrate suppliers do not eager to sell materials, so the APT factories have to reduce output.

The ammonium paratungstate (APT) market shows up trend this week, and it is likely to go up further. The offers for APT are at RMB183,000-185,000t USD331-334mtu.

You can visit the following links for more information about APT prices. Thank you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:    sales@chinatungsten.com
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