European ferro-tungsten prices expected to stabilise.

Offering prices in the European ferro-tungsten market moved above USD50.00kg W in warehouse Rotterdam on Thursday as traders awaited the outcome of consumer tenders which should give greater indication over the pricing trend. Consumer purchase prices have yet to move above USD49.50kg W in warehouse Rotterdam.

A large Northern European located trader of ferro-tungsten revealed  that the generally soft demand from the downstream European steel industry has kept prices for the noble ferroalloy relatively stable this week.

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At the Geological Society of South Africa’s 2013 GeoForum conference in Johannesburg last week, Core Consultants MD Lara Smith pointed at three metals (or groups of metals) that will be at a high risk of supply scarcity from 2015. Smith explained that while the European Union and US Department of Defense don’t wholly agree on all the metals they consider critical, tungsten, tantalum and rare earths are without a doubt at the top of both their lists.

Smith also said that in recent years, tungsten supply has not been able to keep up with rising demand, which has necessitated the sale of tungsten stockpiles by the Chinese, Russian and American governments. “Based on China’s decision to limit exports to the rest of the world, we estimate that the primary tungsten market is in deficit and, this year, we expect the deficit to be in the order of 15 000 t,” Smith warned at the conference.

A shortage of supply, though bad for the market, can definitely be good for prices. Tungsten APT prices are currently sitting at $400 to $410 per metric ton unit. It is reported that “Chinese tungsten APT prices have kept rising as smelters try to avoid APT production costs rising higher than sales prices.” Buyers, the smelters explained, are unwilling to pay more than 215,000 renminbi per tonne. Prices for tungsten APT 88.5 percent have climbed from last week’s 212,000 to 215,000 renminbi per tonne to 215,000 to 220,000 renminbi. So far this year, prices have climbed by 22 percent.

Meanwhile, European ferro-tungsten prices have also risen sharply following an announcement from Vietnamese producer YoungSun that due to power-related issues, it is uncertain as to when shipments will return to full capacity. YoungSun has confirmed that it will only be able to meet 50 percent of its deliveries for the remainder of the year. Prices for ferrotungsten min W 75 percent have risen from $47.50 to $49.50 per kilogram to $48.50 to $50.25 per kilogram.

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The European Union requested the establishment of a dispute settlement panel at the World Trade Organization (WTO) concerning China's export restrictions on rare earths, tungsten and molybdenum. This follows EU efforts to find a solution with China, including through formal WTO consultations that were held in April. The EU, together with its partners in the case - the United States and Japan, will therefore proceed to the next step in WTO litigation in order to seek compliance by China with its international obligations.

Indian consumers in tungsten market are cautious in making deals.

Tungsten market keeps inactive now. Local market participants said that consumers are reluctant to accept high prices from China suppliers and demand is weak, so the trading volume is small in the spot market.

An end-user based in India noted that they keep on production under the long-term orders.

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China tungsten export market inactive.

China tungsten export market is inactive although the inquiries increase slightly. Most of the customers only purchase from hand to mouth, and are unwilling to add stocks in large quantities.

China tungsten products export prices are firm. 

You can visit the following links for more information about tungsten export market.

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April 1-2013, Japanese rare earths imports increased by 19% than the same period last year, 4300 tons. Among them, China’s rare earth production accounted for 63%, 11% higher than that of last year. Outside China, and larger imports of the France and Vietnam to produce rare earths, which are more than rare earths from China procurement processing of rare earth products, so many view actually chinese-made rare earths to Japan imports 80% of the total.

Chinese rare earth proportion is rising, a Japanese company is specialized in rare earth trade argue that because the local producers of saddled with a large number of inventory low-cost sales “. China is both a producer and demand, as a result of production more than demand, expanding exports.

Neodymium magnet) (for Chinese export prices at the end of may for about $77 per kilogram. And dysprosium (used for magnetic) for about $575 per kilogram. Respectively compared to April fell by 4%, compared to high fell more than 80% in July 2011. Neodymium hitting a new low since 2 years and eight months, dysprosium and hit a new low since 2 years and 3 months.

Zhengzhou Sanhui Co., Ltd own a complete set of production and quality checking equipment, diversified perfessional production technology and professional production staffs, which ensures our products have a variety of types and fabulous quality. We have powder metallurgy hydrogen furnace to make tungsten, molybdenum and other metal powder, have powder mixer, pressure embryo workshop, sintering furnace and machining equipment (like grinding machine) to produce all kinds of metal products. We also have packing room to wrap up end products.


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Wolf Minerals, which is planning to re-open the Hemerdon tungsten mine in Devon in South West England, reports that it has received the first tranche of an US$82 million funding package from Australia’s Resource Capital Fund.

The mine was last worked commercially in 1944, but is estimated to have one of the world’s largest tungsten and tin deposits reserves of 401.4 million tonnes grading 0.13% tungsten and 0.02% tin. A mineable ore reserve has also been calculated looking at a base case open pit and a cut off grade of 0.063% tungsten of 26.7 million tonnes of proven and probable ore grading 0.19% tungsten and 0.03% tin.

Wolf Minerals plans to produce around 345,000 metric tonne units of tungsten trioxide in concentrates and 450 tonnes of tin in concentrates annually. Mining could commence by late 2014/early 2015. There are off-take agreements covering 80% of the tungsten output with Austria's Wolfram Bergbau und Hütten (a Sandvik company) and the USA's Global Tungsten & Powders Corp. (a division of Plansee Group).


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China tungsten carbide powder prices firm.

China tungsten carbide powder suppliers hold offers firm this week. But as the downstream customers are inactive in making deals, the trading volume is small in the spot market.

A source from a tungsten carbide powder factory based in South China, with an output of around 100 tons per month, expressed that they make offers for medium-sized tungsten carbide powder at RMB330kg USD54.0kg.

You can visit the following links for more information about  tungsten carbide powder.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Japanese tungsten market sees few deals.

Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese customers are inactive in making deals.

Furthermore, many Japanese tungsten market participants will leave market for summer holiday in August, and they are inactive in adding stocks with watching attitudes.

You can visit the following links for more information about  tungsten prices.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:    sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
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Australian companies focus on tungsten-tin mine development in Burma.

Three emerging exploration companies listed in ASX, Avenue Resources Company, Intercept Mining Company and Eumeralla Resources Company jointed announced the preliminary exploration of tungsten-tin mines in Burma with potentials.

Ministry of Geologic Exploration and Mineral Development in Burma have indentified 480 tin and tungsten-tin spots with around 400Mt of potential primary ore and impact ore resources. Avenue Resources Company announced on June 11 the merger of Lotus Mining Company by paying twice to purchase the prices up.

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