According to monitoring last week (March 11-17) by MOFCOM in 36 medium and large sized cities, price of material for production like tungsten continued to drop in the last four weeks.

Of major material for production, the prices of rubber, mineral products, chemical products, energy resources, steel, non-ferrous metal, materials for agricultural production and building materials dropped, and that of materials for light industry remained unchanged.

Prices of rubber dropped 5.3%. As the price of natural rubber in Southeast Asia dropped and the price of chemical raw materials decreased, the price of rubber declined by 7.9% in the last five weeks. Prices of mineral products dropped 0.9%, of which zinc ore, iron ore and copper ore were down by 1.5%, 0.9% and 0.2%, and tungsten ore rose by 0.4%.

Price of chemical products dropped 0.6%, of which sulfuric acid, phenol and styrene were dropped 1.3%, 1% and 1% respectively, and phthalic anhydride, pure benzene and caustic soda dropped by 0.7%, 0.5% and 0.3% respectively. The price of energy resources dropped 0.6%, of which coke, crude oil and raw coal dropped by 1.6%, 1.4% and 0.3% respectively. The production of steel kept increasing and the market supply was sufficient, which brought down the price of steel.

You can visit the following links for more information about tungsten  prices. Thank you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Ceo George Roach told that Premier African Minerals could bring its RHA tungsten project in Zimbabwe into production by the end of this year.

“Our milestones, in terms of RHA, are to define a compliant resource statement within the next several weeks, and after that, the completion of the mine study that will confirm costing,” Roach said. “We could be back in production later this year,” he added. The aim is to create a low-cost, low-tonnage but high-grade mine, at which Premier will produce tungsten concentrate, he said. “We have chosen properties where we were confident that there was nothing that could be construed as preventing them from ever becoming mines,” Roach said. “Our properties are in various stages of development, and RHA is in the very late stages."

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Indonesian tungsten and tin mining company PT Timah says it will establish two subsidiaries to support its operations in Myanmar.

PT Timah president director Sukrisno is reported as saying that one subsidiary will operate the firm’s tungsten and tin mine in Tanithary (Tenasserim]) province while the other will market its Myanmar-produced  tungsten and tin. 

“We expect the two new business units, which will be fully owned by Timah, to begin operations in 2014,” Sukrisno reportedly said. 

The Indonesian firm’s president said he expected exploration to start in June, and is currently processing its permits with the Myanmar authorities.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

A PROJECT to reopen a disused tungsten mine has moved another step forward thanks to a £75 million construction contract. Wolf Minerals announced that it had appointed fellow Australian firm GR Engineering to design and build a processing plant for the scheme at Hemerdon.
The plant will take around two years to build. Wolf announced last year that it had secured all the finance for the £130 million project near Plympton which will create the world's fourth-largest tungsten mine.

The mine is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.
The site is set to create 230 directly employed jobs and could create as many more, with the recruitment of a number of senior roles currently taking place.

Wolf Minerals managing director Humphrey Hale said: "Wolf is very pleased to continue working with GR Engineering to develop the Hemerdon Project as we have established a good working relationship over the past three years."

"This is a major achievement for the project team as the EPC contract was tendered to the market and this result is in line with the Definitive Feasibility Study estimate announced in May 2011."

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Vancouver has filed the 43-101 technical report for the feasibility study of its Sisson tungsten-molybdenum project 60 km northwest of Fredericton. The company says the $579-million development is both technically and economically viable.

A mine at Scisson Brook has the potential to produce 8% of the world's tungsten, and that percentage jumps to 40% of when Chinese production is discounted. An open pit and 30,000-t/d mill, and an ammonium paratungstate plant would produce roughly 557,000 tonnes of APT and 4.1 million lb of molybdenum annually for 27 years.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Indonesia's Supreme Court ruled that it is illegal for government to ban tungsten ore export. That means that the government is required to follow the court's decision to lift the ban on raw mineral exports, the ban on ore export in 2014 may be changed.

Mansu, a senior office of the Indonesian Chamber of Commerce and Industry said that it means that the government must draw up new mineral export regulations. "We must urge the Government to make action as soon as possible." He added. As the verdict ruled by Supreme Court, the ban on all minerals Ordinance will lose legal validity. : “Ministry of Energy and Mineral Resources no longer has the power to control mineral exports, including the approved export quota."

Indonesian government banned the export of raw ore export on ore export on May 6, 2012, in order to encourage investors in Indonesia to establish refining and processing enterprises, promote local economic development and to increase mineral value-added. Since mineral exports accounted for 12% of the Indonesian economic production. The determination for Indonesian government to promote ore processing locally should not be underestimated, the policy is unlikely to be abandoned. 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

China ferrotungsten market continues to be quiet this week, and the spot market sees few deals been concluded owing the soft demand. The ferrotungsten prices are stable this week.

It is known that ferrotungsten market kept relatively calm last week and the downstream steel mills’ needs were incompetent because it was affected by the policy. Many manufacturers only produced by the orders. It is expected that ferrotungsten market mainly will keep stable in next week.

You can visit the following links for more information about ferrotungsten  prices. Than you very much!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

With the recovering operating rate for tungsten concentrate factories, the supply increases in the spot market. According to the tungsten concentrate market participants, as the tungsten concentrate suppliers are active in selling materials, the tungsten concentrate prices ease slightly. The trading volume does not show obvious improvements.

You can visit the following links for more information about tungsten concentrate prices. Than you very much!
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

China tungsten carbide powder market continues to be inactive this week. As the demand from the downstream markets does not recover, the tungsten carbide powder market sees few deals been concluded.

In the recent days, the tungsten concentrate and APT offers eased slightly, and the tungsten carbide powder suppliers held offers stable tentatively, and watched the market for a while.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Having been approved by the State Council, Ministry of Finance and State Administration of Taxation, the issued Notice of Raising Export Rebate on Parts of Merchandises instructs to increase export rebate on moderately on labor intensive, technological and high value-added products. New standard of export rebate implemented by China involves only one product in machining tools -- tungsten carbide cutting tool of numerical -controlling machines, of which the export rebate rate will be booted to 11%

Insiders express that cutting tool industry has been encouraging the manufacturing of tungsten carbide products for years, and the improvement of the standard of export rebate suggests that the policy has been established in the basis of expanding domestic demand. The standard will benefit the stable improvement of national economy and improve the competitiveness of enterprises. It is said that, since the making of high speed steel cutting tools will cost a lot of resources, besides, the quality and price is rather low, so cutting tool industry has been ignoring it. But now cutting tools are badly in need for Chinese industries, exporting volume is quite large.      

It is reported that the export volume of cutting tools has reached $0.8 billion and most of them are high-speed steel ones whereas tungsten carbide cutting tools only account for several million yuan. The exporting structure, at the same time, has been a factor of international trade conflict. Although countries like America and Germany have not yet respond obviously to Chinese exported cutting tools, Spain and some South American countries have taken place some boycotts.

The raise on export rebate of tungsten carbide products is expected to improve both the manufacturing and exporting of tungsten carbide cutting tools.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com