The panicky drop in the international price of gold and the lower price of copper, aluminum and other commodities has stressed the market. However, the price of the minor metal, tungsten, not affected by these drops, continued its upward trend. The quotation of tungsten of Pan-Asian Non-ferrous Metal Exchange has set a new high.

The rising price of tungsten has provided a good environment for companies. Xiamen Tungsten stated in its first-quarter performance forecast that the domestic and foreign demand has dramatically increased since March, 2013, gradually rising the sale price and the profitability.

There are three domestic listed companies covering the industrial chain of tungsten, they are Xiamen Tungsten, Hunan Non-ferrous Metals and Zhangyuan Tungsten.

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Tungsten export market participants stated that although foreign demand doesn’t increase significantly, the export price of tungsten products remains strong, because of the rising of Chinese domestic prices.

A major tungsten exporter is optimistic about the tungsten market, “Tender cases in European market are increasing. Foreign consumers turn to directly purchase from Chinese suppliers when failing to purchase sufficient goods in Rotterdam.”

The quotation of Chinese domestic APT reaches to between 197,000 and 198,000 yuan, meanwhile, most exporters raise the export quotation to between 400 to 405 dollars per ton. The tight supply of tungsten concentrates leads to their rising tendency. Consequently, the export price of APT will rise recently.

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American National Carbide (ANC), a Texas based tungsten carbide supplier and machine tool manufacturer, has completed the expansion of its carbide scrap recycling facility.

The company said that following the upgrade, the facility now has capacity to process over 1,000,000 pounds (454 tons) of scrap carbide per year - making it one of the largest recyclers of scrap carbide in the world.

According to ANC, the new state-of-the-art equipment and major advancements in carbide recycling technology are the culmination of a two-year, multi-million dollar project.

The proprietary recycling process developed by ANC produces is claimed to produce no emissions or waste products and be capable of converting 100% of the scrap carbide back into usable raw material without any loss of integrity or quality in the material.

“This expansion was a key part of our push for sustainability with respect to tungsten carbide,” explained D. Greg Stroud, president of American National Carbide.

“By minimizing the presence of tungsten carbide in the waste stream and increasing recycling of this material, we are helping to offset any future effects of its consumption,” he added.

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The export quotas of four kinds of tungsten products in China are totaling 11,955 tons in the first half of 2010, increasing nearly 10 percent compared to those in 2009.

In spite of the significant increase in quotas, the price of tungsten remains high. A Western supplier said, “The pricing power is at the disposal of Chinese sellers. I think the price will raise further.” He thought the high price of tungsten was the reason for China to increase export quotas. “The price of tungsten kept at 200 dollars per ton last year. They won’t increase quotas as such if the price is not so high. They are well-prepared.”

Another factor affecting American buyers is the returning of DLA Supply Team. DLA has stopped participating in the market since May, 2010, worsening the tungsten supply situation. But it is predicted to resume sales of tungsten products as early as in February. DLA is prudent in its sale plans, “Selling inventory of goods can’t fundamentally meet goods demand. Strategic goods have been more and more important.”

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