Tungsten's News

China Sodium Tungstate Industry 2015 Market Report

Details: Category: Tungsten's News; Published on Wednesday, 11 November 2015 09:40; Hits: 552

The China Sodium Tungstate Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Sodium Tungstate industry.

The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Sodium Tungstate market analysis is provided for the China markets including development trends, competitive landscape analysis, and key regions development status.

Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The report focuses on China major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Sodium Tungstate industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.

With 137 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Spanning over 127 pages "China Sodium Tungstate Industry 2015 Market Research Report" report covers Industry Overview, Manufacturing Cost Structure Analysis of Sodium Tungstate, Technical Data and Manufacturing Plants Analysis, Production Analysis of Sodium Tungstate by Regions, Technology, and Applications, Sales and Revenue Analysis of Sodium Tungstate by Regions, Analysis of Sodium Tungstate Production, Supply, Sales and Market Status 2010-2015, Price and Gross Margin Analysis, Marketing Trader or Distributor Analysis of Sodium Tungstate, Development Trend of Sodium Tungstate Industry 2015-2020, Industry Chain Suppliers of Sodium Tungstate with Contact Information, New Project Investment Feasibility Analysis of Sodium Tungstate, Conclusion of the China Sodium Tungstate Industry 2015 Market Research Report.

Ormonde Mining on Track for First Tungsten by End 2016

Details: Category: Tungsten's News; Published on Tuesday, 10 November 2015 09:48; Hits: 600

Ormonde Mining now has a clear path to construction and production at the Barruecopardo tungsten project in Spain
The money’s in the bank, the permits are falling into place, and major items of plant will shortly be ordered.

It all seems to be falling into place for Ormonde Mining (LON:ORM), which after a slow start on the markets many years ago has gradually been building up a head of steam at its Barruecopardo tungsten project in Spain. This is a brown-fields site which ceased operations in 1982, and crucially for Ormonde, the local population has felt its loss deeply.There is strong appetite for a resumption of mining, which should spark a rejuvenation process for a town where the average age is 66. There’s much work to be done yet, of course. But with a multi-billion dollar hedge fund backing development, a definitive feasibility study in place and a new managing director now settling in, all the key components are in place.

In fact Steve Nicol, the company’s managing director is new to the role only. He’s actually played a key role in the development of Barruecopardo from concept to project poised for development as the key man on the ground in Spain. The passing of Kerr Anderson may have elevated Steve into his current role at an unexpected time, but the succession is logical. Steve has all the local relationships in hand, knows the project back to front and lives in Spain. If anyone can push this project forward and into production, he can. The most recent news underlines that Ormonde is now moving into a new, more aggressive phase.

Within the last couple of days the company has announced progress on the acquisition of the land required for the project, the completion of process flow diagrams, the signing of an electrical connection contract, the posting of an environmental bond, and the commencement of a drilling campaign aimed at establishing the viability of mining once the open pit is mined out. “Ormonde is on its way to becoming a tungsten producer,” says Nicol unequivocally. “The project is moving forward on time and on budget.”

Construction is scheduled to get underway early in 2016 with open pit mining likely to commence at the end of the same year. It’s an ambitious target, but one that Ormonde has long been working towards. The plan is to produce around 260,000 metric tonne units of tungsten trioxide (WO3) per year over an initial nine year mine life. It’s a fairly simple operation that will use experienced and local mine contractors under the day-to-day supervision of the Ormonde management team. The key to it all, says Nicol, is that the ore is amenable to simple gravity processing. “You only need to crush the ore to 5mm,” he says. “You don’t have to pulverise the rock down to powder. That makes for higher recoveries and sets this project apart from every other project.” That’s important because the tungsten price, in line with most other commodities, has been weaker of late. But the Barruecopardo product comes in right at the lowest end of the cost curve in tungsten, at US$113.90 per metric tonne unit.

The current price is just shy of US$200, so there’s still plenty of margin on offer for Ormonde here. Not so other companies in the space like North American Tungsten, which is currently restructuring under Canada’s Creditors Arrangement Act and laying off staff. “It’s a great time to be building a project,” says Nicol.

Less competitive projects are coming out of production while a select few new, lower cost entrants like Wolf Minerals (LON:WLFE) and Ormonde bring on new projects that are geared to a lower pricing environment. But, as always, the situation is a little more nuanced than that.

China, which has historically accounted for the majority of the world’s tungsten supply, has pared back production. “The supply coming out of China is not going up any more,” says Nicol. “Their mines are becoming higher cost, dropping in grade and getting deeper. Many of their existing mines are in the red.” That points to likely pressures on supply. Against that, tungsten demand has historically been correlated to global GDP which is forecast to rise by 3.3% next year according to the World Bank.

Growth in the sectors that consume the most tungsten, the automotive and aerospace industries, is expected to grow by around 5%. It all points to a recovery in the tungsten price that could start to show through just as Ormonde is delivering its first production into the market. So, with an ongoing exploration programme designed to secure the longer-term future of Barruecopardo already underway, and with the support of joint venture partner Oaktree, the outlook for Ormonde seems very positive.

Watch this space for further updates.

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Tungsten – When the Tough Get Going

Details: Category: Tungsten's News; Published on Tuesday, 10 November 2015 09:36; Hits: 572

The China Syndrome

Tungsten has shown some of the same dynamics that other specialty metals have experienced over recent decades.

During the 1980s and the 1990s, China, with the world’s largest reserves and lowest cost of production, flooded the world market. This drove down the price of both APT and WO3 concentrates to below the production cost of most other producers. Amongst the distortions this produced was that APT prices, driven downwards by Chinese processors, were only marginally above the price of concentrates at about USD$50 per MTU.

The distressed price in the world market quickly drove many tungsten mines and APT producers in the Americas, Asia and Europe out of business and led to their closure. Moreover, outside of China, exploration and mine development programs were quickly abandoned.

However, the distressed market price for tungsten concentrates and its products began to change in 2003 and more markedly in 2004-2005 propelled by the rapid growth and emergence of the Chinese economy in the world marketplace. As in other metals the rapid growth of Chinese demand for tungsten products for its domestic market triggered a tightening of the availability outside of China which was coupled with the Chinese government’s policy curtailing mining projects and taxing the export of tungsten concentrates in order to conserve resources for future domestic needs. This led to a price surge in 2005 with the price of APT moving rapidly from below $80 to nearly $300 per metric tonne unit (MTU). This in turn sparked a recovery in Tungsten recycling, so the price stayed in the $250 range for the ensuing five years.

However, with recycling at its max (37% of global supply in 2010 according to the USGS) and demand for Tungsten still high, the APT price went on a tear upwards to the $460 range.

After that high-water mark the price has been on a slide, briefly rebounding at times on the way down but now down to the level less than half the 2011/2 highs.

Just as in Rare Earths and other specialty metals the Chinese government has indulged in curtailment of mining programs and was strongly “encouraging” downstream processing of concentrates to higher value added products such semi-finished and finished tungsten products.

Roskill’s latest Tungsten survey commented that they believed primary tungsten supply will continue to be dominated by Chinese mine production in the years to 2018. However, the share of global supply which China provides is forecast to fall from 80% in 2013 to 78% in 2018, caused by an increase in production from mining operations in Vietnam, Australia and Europe.

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W Resources in “Exceptional Position” with Régua and LaParrilla Mines

Details: Category: Tungsten's News; Published on Monday, 09 November 2015 14:08; Hits: 684

Michael Masterman, chairman of junior tungsten miner W Resources (LON:WRES), says the firm has two exceptional tungsten mines which have the potential to make very good returns for shareholders.

At the Régua project in northern Portugal, indicated resources now stand at 3.76 million tonnes at 0.304% tungsten trioxide - a 76% increase on the previous figure of 2.14 million tonnes at 0.367% WO₃ from three years ago.

Meanwhile the company is forging ahead with its plans to produce first tungsten from La Parrilla in Spain later next year.

A mine study in June confirmed two phases of development - firstly, a fast track mine, using the existing concentrator plant from the tailings project to produce at a rate of 1,200-1,300 tonnes per annum and 110 tonnes of tin concentrate from mid-2016.

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W Resources Increases Resources Tonnage by 22 Percent at Régua

Details: Category: Tungsten's News; Published on Monday, 09 November 2015 14:04; Hits: 685

W Resources (LSE:WRES) announced a significant increase in the contained tungsten within the JORC compliant mineral resource estimate at Régua in Northern Portugal.

The total resource tonnage increased by 22% to 5.46mt at a grade of 0.28% WO₃, up from 4.46mt, and notably the indicated resource tonnage increased by 76% to 3.76mt at 0.304% WO₃ (2012: 2.14mt @ 0.367% WO₃).

The updated resource model is based on thick high-grade sections of tungsten mineralisation at or near surface and will form the basis for mine planning and mine reserve estimation. The outcrop area drilled midyear has the potential for low cost high-grade open pit development.

The next step is now to complete the mine planning and reserve estimation process, which is targeted for the first quarter 2016. Metallurgical work has progressed well over the last quarter with good metal recoveries. A full update on the metallurgical programme and results will be provided in the next two months.

Michael Masterman, chair of W Resources, commented:

The drilling campaign at Régua exceeded our initial expectations and we are delighted that the work to date has resulted in this significant increase in the indicated resources at Régua. The results to date provide us with a strong basis for the next phase of mine planning as we move the project nearer to production.

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Tungsten Mining acquires Hazelwood Resources projects in Western Australia

Details: Category: Tungsten's News; Published on Monday, 09 November 2015 13:53; Hits: 676

Tungsten Mining (ASX:TGN) has acquired Western Australian tungsten assets containing 15.3 million tonnes of tungsten trioxide from Hazelwood Resources (ASX:HAZ).

GWR Group (ASX:GWR), which has a 16.4% holding in Tungsten Mining, saw its shares jump 26% today to A$0.058 on the news.

GWR will help fund the transaction by agreeing to subscribe to a convertible note with a face value of $1 million at an interest rate of 12% per annum payable quarterly in arrears.

Consideration for the Hazelwood properties includes $1 million in cash and the issue of 5 million Tungsten Mining shares.

Specifically the deal encompasses the sale of the Mt Mulgine and Big Hill projects, which represent potential for a vertically integrated tungsten business as supply-demand dynamics for the sector continue to tighten.

The combined inventory of the two projects equates to 88.2 million tonnes at 0.17% WO3 for more than 15.3 million tonnes of WO3.

This resource equals 121,700 tonnes of contained tungsten metal.

This would add significantly to Tungsten Mining’s existing WA portfolio, which includes the recently enlarged Kilba resources of about 5 million tonnes at 0.24WO3 for 12,129 tonnes of WO3.

Tungsten anomalism is widespread at Mt Mulgine (350 kilometres northeast of Perth) and the project’s exciting Mulgine Trench exploration area remains open in all directions. It is considered to have potential for increasing the overall resource.

At Big Hill in the East Pilbara region, Hazel wood reported that pilot-scale testwork has shown excellent processing characteristics producing high-quality tungsten concentrate.

Completion of the sale is expected in the coming weeks.

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Commodity Index of Ammonium Paratungstate is 37.02 on November 5

Details: Category: Tungsten's News; Published on Friday, 06 November 2015 10:58; Hits: 562

Commodity Index of Ammonium Paratungstate is 37.02 on November 5, unchanged from yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.98%.

Date	08-07	08-16	08-25	09-03	09-12	09-21	09-30	10-09	10-18	10-27	11-05
Commodity Index	45.04	45.04	43.83	43.40	43.15	42.81	42.30	41.45	38.98	38.30	37.02

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Trade log 2015: Ferro-tungsten and APT

Details: Category: Tungsten's News; Published on Friday, 06 November 2015 10:52; Hits: 725

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals are taken into consideration.

To view the latest price quotations: China - APT fob China Europe - APT in-warehouse Rotterdam - FeW in-warehouse Rotterdam August 28 APT - Offer at $205 per mtu fob China - Prices indicated at $200 per mtu fob China - 20 tonnes sold at $195 per mtu fob China - 3 containers sold at $190 per mtu in Europe - Offers at $193-197 per mtu in Europe - Offer at $200 per mtu in Europe - Material reportedly sold at $190 per mtu in Europe - Material reportedly sold below $195 per mtu in Europe - Offer at $190 per mtu for shipment from China FeW - Material reportedly sold at $25.80-25.90 per kg in Europe - 10 tonnes reportedly sold at $25.85 per kg in Europe - Prices indicated at $26 per kg in Europe - Small tonnage purchased at $25.80 per kg in Europe (exact quantity given) August 26 APT - Offers at $205-210 per mtu in Europe - Offer just above $195 per mtu in Europe (exact offer given)

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Commodity Index of Ammonium Paratungstate is 37.02 on November 4

Details: Category: Tungsten's News; Published on Thursday, 05 November 2015 09:25; Hits: 714

Commodity Index of Ammonium Paratungstate is 37.02 on November 4, unchanged from yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.98%.

Date	08-06	08-15	08-24	09-02	09-11	09-20	09-29	10-08	10-17	10-26	11-04
Commodity Index	46.04	45.04	44.18	43.40	43.15	42.81	42.30	42.30	38.98	38.30	37.02

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Drill Bits Market Enlarged Promotes Tungsten Carbide Insert Consumption 2013-2019

Details: Category: Tungsten's News; Published on Wednesday, 04 November 2015 18:59; Hits: 609

A new report has been published by Transparency Market Research, titled “Drill Bits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. TMR, a market intelligence company based in the U.S., says in its report that the global drill bits market was estimated to have a total volume of 2,597 hundred units in 2012 and is predicted to experience growth at a CAGR of 4.9% between 2013 and 2019.As per the TMR report, a few years ago, the development in the technology of drill bits grew at a rapid pace, since the drilling engineers were consistently crafting bits for efficient drilling with enhanced rates of penetration on the basis of durability as well as speed. There are two primary types of drill bits utilized for gas and oil drilling activities, namely fixed cutter bits and roller cone bits. The roller cone bits can be further classified as milled-tooth bits and tungsten carbide inserts.

Fixed cutter bits obtainable in the market are either natural diamond cutters or polycrystalline diamond cutters (PDCs). In 2012, on the basis of volume, the drill bits market was led by the roller cone bits segment. However, due to greater durability and efficiency, fixed cutter bits, particularly PDC bits are acquiring popularity in the market. These cutters substantially enhance the penetration rate and drilling operation in abrasive formations. However, the cost of these bits, which are technologically advanced, is immensely high. According to this TMR report, the elevating demand for energy from both developing and developed economies is the preeminent factor driving the global oilfield equipment market. Rising world energy demand, coupled with high prices for natural gas and oil, is driving investment in drilling activities across the globe. Additionally, growing interest in offshore drilling is predicted to boost the activities pertaining to offshore exploration and production (E&P) worldwide. Thus, increase in onshore and offshore drilling activities and exploration across the globe is likely to lead to considerable demand for drill bits in the forthcoming future.

The TMR study states that small-scale miners find it difficult to implement such developed products, as it raises the overall cost of operation. To add to this, the utilization of drill bits is decided by its true cost to benefit ratio. Normally, in drilling activities related to higher depths and for abrasive/hard surfaces, PDC drill bits are suggested, as they assist in reducing the overall time of drilling activity by diminishing persistent stops required for replacement/repair of drill bits.

Browse the full Drill Bits Market for Oil and Gas Industry Application (Milled-tooth bits, Tungsten carbide inserts, Polycrystalline diamond bits (PDC) and Natural diamond bits) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

As per this TMR research report, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Geographically, North America is predicted to remain the largest market for drill bits owing to the growth of production activities and exploration in this region. The count of oil rigs in the U.S. is increasing consistently, reflecting improved oil drilling activities in the U.S. The share of North America was approximated to be 35.7% of the overall share of the global drill bits market in 2012. (The End)

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