According to the news of Jiangxi Land Resource Bureau, a huge copper-tungsten mine was found in Zhuxi mining area, Liangfu County, it is expected to contain millions tons of copper and tungsten.

It is said that copper is one of re resources which are badly in need in China, while tungsten is one of advantageous ore of Jiangxi. The mining area has the potential to prospect copper deposit and tungsten deposits, and is very likely to become a production base for large mines. The newly found mine will be of great value both economically and socially.

Two listed corporations, Zhangyuan Tungsten, Jiangxi Copper are expected to make profit from the newly found mine.

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Elite Tungsten announced that it's signed Bassmaster Elite Series pro Matt Herren to its pro staff.

"I use nothing but tungsten weights when I’m fishing," he said. "The sensitivity and smaller profile that tungsten provides plain helps me get more bites. Elite Tungsten weights are the best I've seen. They are 97% tungsten and the line-through holes are diamond-drilled, which eliminates the need for line inserts – I don’t want anything between my line and my weight. Plus they come in six chip-resistant colors."

Said Jimmie Underwood of Elite Tungsten: “We are excited to have a top-level Elite Series angler like Matt working with us. Matt is not only a top-level angler, but he is a great person as well. We look forward to having his input on future Elite Tungsten products.

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China Non-ferrous Metal Mining Co(Guangxi), which is located in Pinggui management area at Hezhou, Guangxi. A deep processing project of the corporation with initial investment over 0.6 billion yuan and total investment over 2 billion yuan  is one of the biggest projects in Pinggui Non-ferrous High-tech Industrial Park, and also the first major project since it has began to operate.

The project  emphasizes on producing a production line with the capacity of manufacturing 5000 tons of APT, 3000 tons of tungsten powder, 1000 tons of tungsten carbide, and 500 tons of tungsten metals and alloy products every year. Since implementation of constructing the project, every section has gone pretty smoothly. It was expected that after the completion of the project, the annual revenue may surpass 1 billion yuan and will contribute 0.25 billion tax.

China Non-ferrous Metal Mining Co(Guangxi), which is located in Pinggui management area at Hezhou, Guangxi. A deep processing project of the corporation with initial investment over 0.6 billion yuan and total investment over 2 billion yuan  is one of the biggest projects in Pinggui Non-ferrous High-tech Industrial Park, it is also the first major project since the branch has began to operate.

The project focuses on producing a production line with the capacity of manufacturing 5000 tons of APT, 3000 tons of tungsten powder, 1000 tons of tungsten carbide, and 500 tons of tungsten metals and alloy products every year. Since implementation of constructing the project, every section has gone pretty smoothly. The project will be completed by the end of the year, it was expected that after the completion of the project, the annual revenue may surpass 1 billion yuan and will contribute 0.25 billion tax.

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Recently, miners return to work one by one and the market supply is replenished, to some extent, this hinders its price rises. The supply and demand is relatively weak in sodium tungstate market and the fluctuations of price is narrow. Aspect of scrap tungsten, businesses keep optimistic mentalit and not hurry to have transactions. Downstream business needs have a slight increase. The actual turnover of tungsten market is expected to improve. It is expected that the mainstream of tungsten department will be stable for short term and some individuals are within a narrow range.

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Non-ferrous metals industry in Hunan Province continuous years of structural adjustment and effectively. On March 6, news came from Province’s Non-ferrous Metal Industry Work Conference said that, in the context of the global non-ferrous metal industry wind blowing, Hunan Nonferrous Metals Industrial rose in contrarian in last year, industrial output value of the national ranking continued to move forward and entered fifth place. This year, the province's non-ferrous metals industry will continue the structural adjustment, to be quality and efficiency.Striving to have a more than 14% separately increase both in industrial output value, main business income and industrial added value.

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Recently, in the China Nonferrous Metals Group Management District  Hezhou Pinggui look high town (Guangxi)  the  UFO Corporation,  the deep processing project site  of tungsten products , many locomotives  are in  land leveling operations rapidly.

The initial investment of tungsten products deep processing projects is over 600 million yuan. It is one of   the important in  China Nonferrous Metal Group with a total investment of over 20 billion Ping Gui UFO non-ferrous metals and high-tech materials industry park. And it is the first major project since  the Ping Gui UFO joined  the China Nonferrous Metals Group  to start construction. The project focused on planning and constructing of an annual output of 5000 tons APT, an annual output of 3,000 tons of tungsten powder, carbide 1000 tons, 500 tons of tungsten metal and its alloy products.  The work of the "five in one" smoothly  progressed since  the project officially  has entered the constructions  by the end of last year and  planed  to put into operation in the end of this year. After the completion of the project, it  is expected to be realized sales revenue of over 1 billion yuan,  profits and taxes of 250 million yuan.


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Yesterday, the latest data released by China Foreign Exchange Trading Center that on March 11, the central parity rate of the RMB against the U.S. dollar at 6.2769, devalued 50 basis points over the previous session.

Although the devaluation appeared, the view in last week, the RMB gained 79 points against the central parity of U.S. dollar. And it is reported last Friday of the RMB against the U.S. dollar central parity 6.2719, breaking a new high since the last two months. In fact, the pressure of RMB appreciation is persisting all the time.

Recently in the major central banks on the international intensive Yee interest period, the major central banks to maintain the previous level of interest rates and monetary policy, and the latest-than-expected trade surplus in January-February, domestic short-term liquidity surge still withstand a certain market outlook RMB appreciation pressure.

ANZ Bank Greater China, Liu Ligang, director of economic research, with the inflow of hot money in China ,the pressure of RMB appreciation also appeared.

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Learned from Jiangxi Province Land and Resources Department, Geological Brigade of Geology and Mineral Bureau 912 found a vision extra large scale copper-tungsten ore in Fuliang County Zhuxi mine. The quantity of copper and tungsten expected reached more than one million tons. To expand the prospecting quantity results , the province plans to spend 327.7 million yuan on Geological Prospecting Fund for exploration in 2013-2015

It is learned that the northern province is the key metallogenic belt of copper polymetallic ore resources and it has an advantage in location to look for copper multi-metal mines in this area. Not only Zhuxi Mine and Mineral department has a thick tungsten ore body found, but also found a symbiotic copper, zinc body, has a large thickness, high grade, symbiotic minerals more. Experts said that the mine have to find the resource potential of the large copper deposits and extra large tungsten deposit, the formation of a new large-scale mineral resource base.It is an important prospecting result of Jiangxi province and China in prospecting breakthrough strategy action and the benefits of economic and social are considerable.

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According to Russian Military Industrial Complex News reported on February 25, 2013，Chinese media disclosed that Chinese government has officially approved plan of nuclear-powered ships manufacture project. The first phase ready is to develop a new generation of compact nuclear reactors within the framework of Project 863 and plan to be used in the aircraft carriers, strategic submarines, destroyers and cargo ships in the future. If the report is true, the refractory metal market, especially tungsten price, tungsten alloy price, molybdenum price and rare earth price will continue rising for a long time in the future.

February 22, 2013, the National Bureau of Statistics of China announced the 2012 National Economic and Social Development Statistics Report, and the part of “Education, Science, Technology and Culture” in Chapter 9 is said that in the high-tech field ,China had finished the work of scientific researches and experimental designations within the framework of Project 863, total 1165 last year. However, the report did not disclose other details of Project 863.

It is reported that Chinese aircraft carrier manufacture program is being implemented at present and it is divided into two phases. The first phase of the plan is to build four aircrafts at most, and two of which will be delivered to Liberation Army Navy in 2015-2016. Then set up carrier battle groups which will be based on these aircraft carrier aircraft in 2020. The displacement of new aircraft carrier is 5-5.5 million tons which are manufactured in the first phase, and they will not be equipped with any nuclear power plant. China has started to manufacture the first ship domestic carrier in July, 2011 and now it is still under manufacturing in Changxing Island shipyard which is located in Yangtze Delta River. The second stage requires to manufacture two aircraft carriers at least whose displacement is 65,000 tons and they will have nuclear reactors installation. According to preliminary estimates, this group of nuclear-powered aircraft carrier will be equipped with Liberation Army Navy after 2020. It is without restriction in range and endurance which is the main advantage of nuclear-powered ship.

You can visit the following links for more information about tungsten price, molybdenum price and rare earth price. Than you very much!

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