Tungsten mine prices are in transient stability, the actual delivery price of 65 degrees wolframite is 115,000 yuan.Sodium tungstate market shows chilly and price changes fatigue. In ferro-tungsten market some manufacturers began to cut down offes, the range of market price widened and the proposed price of scrap tungsten market remained in the vicinity of 175,000yuan. They keeps the attitude of wait-and-see on the whole.

Downstream demand is sluggish, businesses lack of confidence and expected that tungsten market turnover is difficult to have a big breakthrough for short term.

Macro perspective, the exchange rate of the RMB against the U.S. dollar is 6.21yuan, creats the first breakthrough among 19 years;  price adjustment of refined oil starts and may be return to the time of 7 yuan. Euro zone and the IMF is determined to provide 10 billion euros to aid Cyprus.

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Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Core Tip: tungsten market keeps gradually stabilized , individuals are in still slight fluctuations and it is expected that tungsten series mainstream will run steady in the short term.

Domestic tungsten market runs gradually stabilized and individuas are still in slight fluctuations. In tungsten mine market, high price of tungsten resources reduced and the actual turnover remains flat. In tungsten chemical market, the ammount of enquiry note is very few,,tungsten ,prices of in tungsten powder and tungsten carbide market are relatively firm. Scrap tungsten steel prices return to calm, the atmosphere of wait-and-see is stronger.It is expected that the mainstream of tungsten will runs steady for short-term.

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Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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The tungsten mine market runs steady, the mainstream prices of 65 degrees wolframite are concertrated in 11.5-11.7 yuan / ton, the mainstream prices of scheelite are concertrated in 11.3-11.6 yuan / ton.According to the response from others, recent tungsten mine prices tend to weak, the actual transactions are general and the contract prices are concentrated in 115,000 yuan / ton.

Although, some merchants’ prices are too high, the space for bargaining is relatively large. The weak market leads to many businesses loss confidence in the market. And the volume of the backlog of funds tight, the shipment transaction price had to move closer to the lower one. Right now, the basic tungsten mine market consolidation is completed and tends to equilibrium price. Manufacturers around temporarily to promote the deal, the will of price adjustment ist not strong. Expected that tungsten mine market will run stabily in short term.

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Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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With ferro-tungsten prices weak downstream, the trading atmosphere is reduce step by step. In addition, businesses operating enthusiasm is affected by the variable climate and raining day, prices continued running weak. It is expected that ferr-tungsten market is hard to change the weak pattern for short-term.

Scrap tungsten market keeps stable temporarily. The mainstream transaction prices of domestic ferr-tungsten blade that are not taxed are concentrated in 170-173 yuan / kg, imported blades 179-182 yuan / kg, scrap tungsten drill 189-191 yuan / kg, scrap pure tungsten blocks 210-213 yuan / kg. Mainstream transaction price scrap tungsten grinding material W content of more than 70 degrees of 1.72 yuan / kWh; 50-70 degrees, 1.62 yuan / kWh; 30-50 degrees 1.46 yuan / kWh.

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Recently, domestic tungsten mine market is in poor demand and raw materials prices of tungsten mine is in disadvantaged phase. Currently, the mainstream market prices of wolframite contents 65 degrees concentrate in 1.52-1.55 yuan / kWh, scheelite prices concentrate in 1.5-1.53 yuan / degrees.

With the poor merchant shipping and market goods are backloged again, part of the mining companies optimistic attitude has shifted in bearish and the expection for market has gone.

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Wolf Minerals (ASX:WLF) and the Company’s Hemerdon Tungsten Project.

Wolf Minerals is in the final stages of securing finance to advance the Hemerdon Ball tungsten and tin project into production. This is a major achievement and is testament to sound management and a quality project. The EPC contract has now been awarded to GR Engineering with the expected time of construction and commissioning scheduled for 24 months.

It is indicated a project NPV of £74M (A$ 108M or A$0.57/share) and assumed an ammonium paratungstate price of US$360/mtu and a tin price of US$30,000/t. Cash costs (after tin credits) were estimated at US$105/mtu.

Current ammonium paratungstate and tin pricing is US$351.5/mtu and US$24,600/t respectively. Based on commodity price sensitivity analysis and utilising average 2012 commodity prices.

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Tungsten Mining (ASX: TGN) is advancing assessment of its flagship Kilba Project (100%) in the Gascoyne region of Western Australia, with the aim of making a rapid transition to production. To that end, the Company expects to define a JORC compliant resource during the June quarter 2013 and has already commenced feasibility studies that will continue through to Sept quarter 2013.

TGN expects to be in the position to make a final investment decision (FID) in first quarter of 2014, which could result in first tungsten trioxide concentrate production as soon Sept quarter 2013.

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Cadillac Ventures Inc. announced that the two Burnt Hill Property drilling programs focused on finding potential tungsten resource have been successful.

In 2012 a total of 2330.08m were drilled over a total of 10 drill holes, 1836 samples were taken which included 114 standards, 114 blanks, 114 double splits and 58 coarse rejects. Each of the completed holes successfully intersected mineralization above the cut-off grades used in the resource calculation.

With the exception of hole BH-11-07 which intersected an unknown shaft at 11m and was abandoned. Samples selected were assayed for tungsten, tin and molybdenum.

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In 2012, the tungsten market overall showing fluctuations downstream type trend, due to the downturn in the terminalconsumer demand situation, the market volatility is mainly driven by the raw materials market, large enterprises continue toexert their influence.

Tungsten industry saddled with the burden of the "oversupply", butstill able to maintain a high level, so that the tungsten industry increasingly high degree of concern in the non-ferrous metal industry, tungsten future investment value gradually "sizzling".

Experienced the deserted market demand in 2012,  2013 Tungsten Market  after the Spring Festival to usher in a new demand for more policy support and it will known in 2013 Tungsten Market In spring seminar.

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On March 1, the province's non-coal mine safety production cum rectify Close work to promote a meeting held in Dayu. The long queue of Qing Ji, deputy director of the Provincial Administration of Work Safety, an annual summary of the last year, the province's non-coal mine production safety work and security hedge "six systems" building completed in 2013.

Carry out metal and nonmetal mines to rectify Close battle is the country's overall strategic plan, we must resolutely close 250 work plan completed this year, the province's non-coal mines to rectify. "Long Qing Ji at the meeting stressed that the elimination of backward technology and equipment and facilities, and strong is a general trend to promote the application of advanced technology and equipment.

The Provincial Administration of Work Safety requirements for non-coal mining enterprises in Jiangxi, before the deadline for the end of June this year, the underground mine operating team must be equipped with at least one more toxic and hazardous gas detection alarm, and with a corresponding number of self-help; to a deadline for the end of the underground mine out of non-flame retardant cable, belt conveyor belt, the local fan hairdryer, non-coal underground mine construction tasks to complete 100% complete security hedge "six systems", third class above the tailMine tailings in the central finance governance hidden complete the online monitoring system construction tasks to complete up to 100%.

In order to implement the above objectives, the "non-coal mines to rectify Close embodiment will rectify Close task indicators broken down to the county, the township government, the implementation of each mining enterprises, to rectify off into local government objectives and the performance evaluation of the contents.

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