European Ferro-tungsten Prices Experience Sharp Increase
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- Category: Tungsten's News
- Published on Sunday, 07 April 2013 10:43
- Hits: 2127
European ferro-tungsten prices have experienced a somewhat remarkable turnaround in recent days, with offering prices increasing almost USD4.00kg W in a little over 10 days to range between USD41.50-42.50kg W in warehouse Rotterdam as of Wednesday.
The European market had been in a depressed state through much of Q1, with figures falling on a weekly basis, reaching the lows of USD38.50kg W in warehouse Rotterdam two weeks ago. However, a sudden tightness in the availability of prompt release material in Rotterdam last week, caused by a delay to shipments of material from Asia during March.
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Tungsten Concentrate Offers Move Up
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- Category: Tungsten's News
- Published on Sunday, 07 April 2013 10:34
- Hits: 2039
The real demand from the downstream markets does not recover. However, as some companies make purchase, the tungsten concentrate prices are pushed up. Currently, the tungsten concentrate suppliers do not eager to sell materials, and watch the market for a while.
A source from a tungsten concentrate factory based in Hunan, whose regular capacity is around 300 tons per month, noted that the tungsten concentrate market is inactive. He said that they make offers for scheelite 60% at RMB117,000-118,000/t (USD288-290/mtu) this week, which increased slightly compared with those of last week. He said that inquires are few in the spot market, they mainly deal with the long-term orders.
The source told Asian Metal that the tungsten concentrate market is quiet as the demand from the downstream markets does not pick up. But the tungsten concentrate offers increase as some companies purchase materials. Looking ahead, he thinks that the market will be quiet in a short time.
An end-user based in South China expressed that the offers for tungsten concentrate move up this week. He said that they receive the offers for wolframite 55-60% at RMB117,000-119,000/t (USD288-293/mtu), and some offers are even at RMB120,000/t (USD295/mtu). He said that they only purchased a batch of wolframite 55% at RMB117,000/t (USD288/mtu) last week, and will watch the market for a while.
The source said that the APT offers increase accordingly, but the downstream customers are inactive in making deals. He said that they raise offers for APT to RMB179,000/t (USD324/mtu), but the customers are willing to accept the prices at RMB177,000/t (USD320/mtu). Looking ahead, he said that as the demand from the downstream customers is weak, the market will not rebound obviously in a short time.
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Near-term Tungsten Projects in Vietnam
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- Category: Tungsten's News
- Published on Sunday, 07 April 2013 10:17
- Hits: 1965
With two tungsten projects slated for production within the next few weeks, Vietnam is set to play a more significant role in the tungsten market.
With its 60-percent stake, Hazelwood Resources (ASX:HAZ) possesses the majority interest of Asia Tungsten Products, which owns ATC, a new ferrotungsten refinery in Vihn Bao. Hazelwood hopes to eventually become a vertically integrated ferrotungsten producer and is set to take a major step toward achieving that goal by bringing ATC online.
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Tungsten Market Update
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- Category: Tungsten's News
- Published on Sunday, 07 April 2013 10:01
- Hits: 1968
Market participants are reporting weak demand for many tungsten products, including tungsten powder and tungsten carbide. Given these conditions, weak prices have softened further. Over the past week, 65-percent grade wolframite prices in China have fallen from the $285 to $290 range to $280 to $287. The price for ammonium paratungstate grade 88.5 percent in China is in the range of $313 to $317 per metric ton, according to Metal-Pages.
Hazelwood Resources has been active in the market purchasing concentrate for the start up of the ATC ferrotungsten refinery. Terry Butler-Blaxell, managing director, serves as one source of confirmation of the market weakness. Not only did he note that the company has purchased tungsten at more attractive prices than expected, but he also said that upon establishing a reputation as a serious buyer it becomes clear that ample supply is available.
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Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Market On Apr 3,2013
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- Category: Tungsten's News
- Published on Wednesday, 03 April 2013 16:46
- Hits: 1999
Market participants are reporting weak demand for many tungsten products, including tungsten powder and tungsten carbide. Given these conditions, weak prices have softened further. Over the past week, 65-percent grade wolframite prices in China have fallen from the $285 to $290 range to $280 to $287. The price for ammonium paratungstate grade 88.5 percent in China is in the range of $313 to $317 per metric ton, according to Metal-Pages.
Hazelwood Resources has been active in the market purchasing concentrate for the start up of the ATC ferrotungsten refinery. Terry Butler-Blaxell, managing director, serves as one source of confirmation of the market weakness. Not only did he note that the company has purchased tungsten at more attractive prices than expected, but he also said that upon establishing a reputation as a serious buyer it becomes clear that ample supply is available.
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Supporting Ganzhou for Industrial Base of Rare earth and Tungsten
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- Category: Tungsten's News
- Published on Wednesday, 03 April 2013 16:33
- Hits: 2095
Ministry of Industry and Information Technology of the People's Republic of China MIIT supports the industrial and information development in southern Jiangxi, the former central soviet area and other similar areas with 18 measures from 7 aspects by introducing Comments on supporting the industrial and information development in south Jiangxi, the former central soviet and other similar areas .
Reportedly, MIIT will support Ganzhou to build national major industrial base of rare earth and tungsten and the modal base of research, cooperation and innovation for rare earth materials.
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North American Tungsten News
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- Category: Tungsten's News
- Published on Friday, 29 March 2013 12:38
- Hits: 1984
North American Tungsten is pleased to announce the results of the annual and special meeting of the shareholders of the Company held March 22nd, 2013 in Vancouver BC At the meeting the shareholders of the Company:
Elected Ronald Erickson, Kurt Heikkila, Allan Krasnick, Stephen Leahy, Dennis Lindahl, Bryce Porter and Christina Scott to the board of directors until the next annual meeting;
Appointed PricewaterhouseCoopers, LLP to be auditor of the Company for the financial year ending September 30, 2013, and authorized the board of directors to fix the remuneration of the auditor;
Approved the Company's stock option plan more fully described in the information circular dated as of February 15, 2013 (available for viewing on SEDAR);
Approved the extension of the Company's Shareholder Rights Plan for a further two year period more fully described in the information circular dated as of February 15, 2013 (available for viewing on SEDAR).
Two long-standing directors of the Company, Wayne Lenton and Kenneth Collison, did not run for re-election and the Company wishes to thank both of them for their contributions over the years.
Subsequent to the annual and special meeting, the board of directors appointed Kurt Heikkila as the chairman of the board of the Company. The board of directors has requested that the new Chairman undertake enhanced efforts and strategies to substantially improve the production and efficiency outcomes at the Company's CanTung mine.Messrs. Porter, Krasnick and Lindahl have been appointed as members of the Audit Committee.
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Tungsten Concentrate Market Hard To Recover Shortly
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- Category: Tungsten's News
- Published on Friday, 29 March 2013 09:18
- Hits: 2006
China tungsten concentrate market shows no improvements and most of the participants watch the market for a while. Owing to the weak demand, the tungsten concentrate prices moved down from middle of this month.The tungsten concentrate market is likely to be quiet in the near future.
Tungsten concentrate is the main raw material for the production of tungsten, iron, sodium tungstate, ammonium paratungstate (APT) and ammonium metatungstate (AMT) compound and its downstream products include tungsten trioxide, blue tungsten oxide, tungsten powder, tungsten carbide,carbide, tungsten steel, tungsten bars, tungsten.
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Tungsten Metal Market Inactive With Stable Prices
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- Category: Tungsten's News
- Published on Thursday, 28 March 2013 09:40
- Hits: 2011
Tungsten is a dull silver-colored metal with the highest melting point of any pure metal. Also known as wolfram, from which the element takes its symbol, W, tungsten metal is more resistant to fracturing than diamond and is much harder than steel. It is the refractory metal's unique properties - its strength and ability to withstand high temperatures - that make it ideal for many commercial and industrial applications.
There is the news about tungsten metal market.
The tungsten metal market runs slowly in China. The tungsten metal market participants are still inactive in making deals, and the tungsten metal market remains quiet for the moment. The tungsten metal prices are stable tentatively.
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Tungsten Carbide Powder Market Sees No Improvements
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- Category: Tungsten's News
- Published on Thursday, 28 March 2013 09:22
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China tungsten carbide powder market keeps inactive with few buying activities. Because the demand from the downstream customers does not recover, the downstream customers are cautious in making deals now.
Furthermore, the tungsten carbide powder prices show downtrend, and most of the market participants watch the market for a while.
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