Impacts of Russia-Ukraine Conflict on Tungsten Market & Price (VII)

Details: Category: Tungsten's News; Published on Tuesday, 12 April 2022 14:52

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART VII OF X

Thirty Years Russian "Tungsten Bullion" Scam

When this article sent out the previous part about the conflict between Russia and Ukraine and the futures risk of tungsten products in China, the author browsed the news website, Found the news: "the London Metal Exchange (LME) said on Tuesday that it does not intend to prohibit the delivery of metals from Russian producers in its system despite the appeal of some members... About 10% of the world's nickel, 6% of aluminum and about 3.5% of the world's copper supply come from Russia. At a time of rising global inflation, the ban on Russian metals may lead to shortages and push prices up further." Seeing such content, we are not only glad that we are in a peaceful and safe environment, but also worried about how long Rusal and Rusal can last in LME. It's hard to say whether one day members will ban Russian aluminum, nickel and copper if they strongly appeal!

1. "Tungsten Gold" and "Tungsten Gold Bullion" Fraud for Decades

Real Gold Bars

"Thirty years of Russian" tungsten bullion "scam", written about today's topic, seems to really rub the heat of the Russian Ukrainian conflict, but it is not so. In the past few decades, there have been many so-called "tungsten gold" fraud cases in China. China Tungsten online has also written articles on the truth of "tungsten gold" and related fraud for several times, and actively publicized it by using the popularity and high traffic of the "China tungsten industry" website. The popularity of the so-called "Russia tungsten gold" is not low at all. Almost all fraud cases involving the so-called "tungsten bullion" are labeled as produced in Russia or from Russia, which is really more unjust than anyone!

China Tungsten Online has been engaged in the production and processing of tungsten products and domestic and foreign trade since 1990s. Especially after 2000, it has been engaged in the design, production and fine customization processing of tungsten alloy products for a long time. Therefore, it has a detailed and profound understanding of tungsten products. Since about 1999, we have received many telephone calls and letters to inquire about "tungsten gold". At first, the Criminal Police Department of Shanghai Public Security Bureau contacted us when collecting evidence of fraud cases. Later, banks in Xiamen and all over the country asked about "tungsten gold" and its value. In this way, in the past 30 years, the fraud under the name of the so-called Russian "tungsten gold bar" has been in practice for years.

The so-called Russian made Tungsten Gold Bar is often used to show people

In 2016, Shaanxi Boyuan Mining Co., Ltd. was found to be a typical fraud case of more than RMB 11 billion, which made it difficult for us to search for the fake gold pledge case of Shaanxi Boyuan Mining Co., Ltd; 2013 Linhai "tungsten steel Prince" fraud; In 2011, Hubei Yingcheng Puyuan Industrial Co., Ltd. defrauded 5.84 million yuan; In 2009, Hunan Yufeng Property Development Co., Ltd. defrauded a University of 2.75 million yuan; In 2008, Shanghai Guangrun trading company cheated the Bank of 18 million yuan by pretending to be tungsten gold as collateral; In 2007, a couple set up a scam with tungsten to defraud the boss of the company for 340000 yuan... The search results can be seen that there have been cases of tungsten fraud in recent years, which shows that many people are still keen on this. Therefore, we also take this opportunity to explain the so-called Russian "tungsten bullion" again and expose the essence of fake "tungsten" fraud.

2. Mixed "Tungsten Gold" Information

2.1 Mixed "Tungsten Gold" information on Baidu.com

First of all, let's see what Baidu says!

On Baidu's home page, we input "tungsten gold". The result is shown in the figure. The first link to sell tungsten gold bars is Baidu love purchasing, the second is Baidu Encyclopedia, and the third is 1688. At a glance, it's all big coffee! This may be the popular "wanciba screen" recently!

Similarly, we can see all kinds of advertisements in Baidu's non-ferrous metal bar, baidu Q & A, baidu tungsten bar and many other columns, most of which are the words of sky-high tungsten gold, The most exaggerated is "100 tons of Russian hard tungsten gold bars, complete procedures, and the total price is 11.1 million / ton, including 8.5 million / ton of special ticket and 2.6 million / ton of small amount after tax. The company has 500kg of white tungsten gold bars as debt repayment products, pure texture, complete import documents, and the test report of SGS testing center".

Top content of Baidu's nonferrous metal bar:

Russia has 100 tons of hard tungsten gold bars with complete procedures, and the total price is 11.1 million / ton, including 8.5 million / ton of special ticket and 2.6 million / ton of small amount after tax.

Our company has 99.9924% high-purity "four nines" tungsten bars imported from Russia. The price is 180000.00 yuan

A carefully written answer of Baidu Q & A:

Tungsten gold is a rare non-ferrous mineral product in the world. Its annual output is very low and it is widely used. It is mainly used as raw material for casting ingredients. Tungsten gold comes from a white sand shaped ore body. The ore line is very small. After mining, grinding, water gravity separation, refining and other processes, tungsten ore powder with a grade of more than 95% is obtained, and then refined and formed in a high-temperature electric furnace. The finished product is tungsten gold. Melting point of tungsten gold: 3500 ℃. At present, tungsten ores are mainly distributed in China and Russia. China is now the largest exporter of tungsten and gold in the world. Generally, the purity of tungsten gold should be more than 99.95%, and the inspection, analysis and test report of the authority must be issued, such as the analysis and test report of the national non-ferrous metals and electronic materials analysis and test center. At present, the trading volume in the market is relatively small and the prices are different. In addition, the price of tungsten itself is very expensive, so it is difficult to unify the prices in the market. According to the current situation, the price of tungsten gold is mainly distinguished by purity, and due to the purpose, more owners use it in the form of gold reserves, and most people transfer tungsten gold as tangible assets. At present, tungsten gold with the following purity is the most sold on the market: purity: 99.95%, price: 20000-30000 / kg, purity: 99.96%, price: 40000-50000 / kg, purity: 99.97%, price: about 100000 / kg, purity: 99.99%, price: about 170000 / kg, and the price above is for reference only

Let's take another look. Many websites have tungsten gold descriptions:

Russian black soft tungsten gold, domestic yellow soft tungsten gold. Grade: excellent grade pure GR, other categories, Russian black soft tungsten gold content ≥ 83.30% w: ≥ 16.48% (%), product specification 1kg; 630000 yuan / kg (excluding freight). 1、 Product Name: soft tungsten gold (powder alloy) II. Quality standard: Au: ≥ 83.30% w: ≥ 16.48%, and the rest is other trace elements. Density: 17-19 / cm3 grain size: GB / t3488-1983 III. specification: strip 14mm x 14mmx250mm/500g four, physical properties: yellow, black, knife or bite marks five, packing: inner foam, outer stainless steel, no markings. Au ≥ 83%, w ≥ 16.4%, density: 18-19%, grain size: 8000mm3, impurity content: 0.33 (%). Origin: Russia. 6、 Color: Tungsten black, shimmering, teeth can bite out tooth marks.

Special statement: the above information is only for display in good faith. I cannot confirm whether the material object mentioned in the information is tungsten or gold, nor can I prove the true purpose and meaning of the information.

It is said on the Internet that gold produced in Hitler's Nazi era and tungsten Nuggets made by tungsten smelting

2.2 Why is it called Russian "tungsten gold" or "tungsten gold bar"?

This is a problem! The possible reasons for letting us want to break our heads are as follows:

(1) Russia's military industry is very powerful. Many fraudsters describe products produced by Russia's military industry. Therefore, the purity of military tungsten produced by Russia's military industry is very high, often described as tungsten content of 99.99%. This confusion reminds everyone of Hangjin's 99.99% gold content of four nines, so they mistakenly think it is very good.

(2) After the disintegration of the former Soviet Union, it was divided into many countries. Russia is one of the largest countries. However, after the disintegration of the former Soviet Union, due to the fragmentation of industry, the lack of livelihood products and the low price of industrial products, they became very poor. Therefore, even expensive tungsten was sold to China at a low price, so we had the opportunity to "pick up the leak".

(3) Few people know Russian now. The older generation of Russian learners in the last century don't surf the Internet now, so they can't understand the Russian tungsten gold with the mark of Russian and Russian.

(4) Unlike many western countries, Russia always defends its rights and entangles with us. Therefore, Russia tungsten gold, just say it casually, it doesn't matter! What's more, now that they are fighting with Ukraine, they have no time to talk nonsense with us.

Maybe so! Otherwise?

A deceptive picture of the so-called Russian tungsten bullion inventory used by many people on the Internet

A serious test report on Russian tungsten bars was shown to the author of this article

The picture above is actually the information of recommended Russian tungsten gold and tungsten isotopes received by the author of this article on the day of modifying this article.

2.3 Are the "Tungsten Gold" and "Tungsten Gold Bar" Tested and Verified by the Testing Organization True?

It seems that in order to enhance the credibility of the so-called "tungsten gold" in Russia, fraudsters often provide the test reports of so-called authoritative institutions, such as SGS, China's authoritative iron and steel or non-ferrous metal research and inspection institutions, or provide some test reports in Russian that few people can understand, certificate of origin, etc., and these seem to be true!

Yes, this is true, because (1) we should all know that all inspection and testing institutions only detect the samples submitted for inspection and are only responsible for the inspection results of the samples submitted for inspection. You can check carefully. Almost all inspection reports will have such statements; The implication is that we are only responsible for the tested materials. We are responsible for ensuring that the materials have been damaged or broken by us for testing. What you see is not tested. Sorry, our monitoring organization can't be responsible! (2) Moreover, even if our testing agency proves that the content of all materials is above 99.95, so what! What we describe and prove is only the content of metal tungsten. Metal tungsten bars are produced after metal tungsten powder is sintered at a high temperature of about 1400 degrees. Other impurities with extremely low content have already been gasified. Of course, they are high-purity, but the fact is that high-purity tungsten products are not high-purity gold!

Real Gold Bar

3. Discrimination Between "Tungsten Gold", "Tungsten Gold Bar" & Real Gold

3.1 From the Pperspective of Metal Properties, "Tungsten Gold" and "Tungsten Gold Bar"

3.1.1 What is Tungsten Bar?

3.1.2 What is the Basic Physicochemical Form of Tungsten Bar?

3.1.3 What is Tungsten Bar Used For?

3. 1.4 What’s the Market Price of Tungsten Bars?

3.1.5 Where Do You Buy Tungsten Bars?

3.2 Gold Bullion

3.2.1 What is a Gold Bar?

3.2.2 What is the Price of Gold?

4. What is Tungsten?

4.1 How are Tungsten Bars and Fake Gold Bars Made?

4.2 Gold Plated Tungsten Bars and Gold-Plated Tungsten Souvenirs

4.3 How to Judge True and False Tungsten Bars and Gold Bars?

4.4 How to Prevent "Tungsten Gold" and "Tungsten Bullion" Fraud?

......

5. Is There Any Tungsten Gold?

In real life, we have indeed encountered tungsten and gold alloy products. China Tungsten online has also designed, processed and produced such tungsten and gold handicrafts and industrial products for customers. Of course, we guarantee that these are produced and used legally, not for fraud of pretending to be gold.

In our actual production, there are generally two kinds of tungsten alloys that can be used as non industrial tungsten products. One is tungsten carbide based cemented carbide with nickel binder, such as tungsten alloy ring; The other is tungsten nickel iron, or tungsten nickel copper high specific gravity tungsten alloy products, such as tungsten alloy credit card, tungsten alloy handicraft, tungsten alloy cube, etc.

5.1 Tungsten & Gold Alloys Produced by Gold Infiltration Process

5.2 Tungsten Alloy Gold-plated Tungsten Parts

5.2.1 Tungsten Alloy Gold Substitutes

5.2.2 Tungsten Alloy Gold-plated Paperweight

5.2.3 Tungsten Alloy Gold-plated Ccross, Jesus, Bible

5.2.4 Tungsten Alloy Gold-plated Statues of Bodhisattva, Guanyin, Guan Gong and Mazu

5.2.4 Tungsten Alloy Gold-plated Satues & Scriptures of Religious Figures

5.2.5 Tungsten Alloy Gold Plated Ring

5.2.6 Commemorative Ring

5.2.7 Tungsten Alloy Gold Plated Glass Crusher

5.2.8 VIP Commemorative Gifts such as Insurance Companies & Banks

5.2.9 Tungsten Alloy Gold Plated Credit Card and Black Card

5.2.10 Gold Plated Tungsten Alloy Medals

5.2.11 Tungsten Alloy Pet Tag & Pet Card

5.2.12 Tungsten Alloy Gold Plated Cube

5.2.13 Tungsten Alloy (Gold Plated) Earrings, lip ring, Nose ring

6. How Can Identify Tungsten Alloy or Gold?

This article has made it clear that there is only metal tungsten or tungsten alloy, and there is no such thing as tungsten gold. Therefore, as long as you query online, the starting price is too much higher than the price of metal tungsten bars, which basically belongs to the nature of fraud.

For non professionals, tungsten gold products without gold plating can be easily distinguished in color. Of course, as long as you can touch them, you can feel their obvious difference. Therefore, many so-called tungsten golds can distinguish the authenticity only by appearance.

For tungsten bars or tungsten gold bars that claim to contain gold, it is difficult to identify the so-called tungsten gold products in the name of gold on the market for non professionals. In this case, it is necessary to ask a professional inspection organization for inspection. In fact, even a professional inspection organization is difficult to inspect all products in the same batch, because such inspection needs to be destructive, and the products can be sampled for inspection only when they are broken. Therefore, even if there is an inspection report, it is not credible. Moreover, the processing technology of gold in metal is unnecessary and almost impossible, and there are few practical applications.

Of course, if you do encounter such problems and can't solve them, you can call or email us. I believe we can help you.

(PART VII of this paper is finished, PART IIX TO X is to be continued)

SUMMARY

Based on the experience of tungsten products market in the past decades and the current situation of the conflict between Russia and Ukraine, the author believes that the price of tungsten products will continue to rise in 2022, but the main factor is not traditional market factors; Therefore, in the first part, we focus on the Russian Ukrainian conflict and the military use and importance of tungsten products. In the second, third and fourth parts, we focus on the global resource distribution of tungsten products, especially the overview of Russian tungsten resources and the relationship between China's tungsten products industry and Russia. In the fifth part, we analyze the cost pressure of US dollar over issuance and fed interest generation on China's tungsten market under the background of Russian Ukrainian conflict, And the possibility of RMB strength; The sixth part discusses the particularity, feasibility, legal conflict and risk of tungsten products futures in China; This part describes some recent news such as the so-called sky high price "Russian tungsten bullion" and other fraud from time to time in recent decades, trying to give you the most clear anti fraud information.

Appendix I

Guard Against the "Tungsten Gold" Trap

Appendix II

Uncover the Fraud and Identification of "Tungsten Gold"