British enable the new tungsten mine or weaken China tungsten dominance

Foreign media said that one of the reasons is located in southwest England Devon He Modeng project began causing concern is that this is 45 years to enable the UK 's first new mine , but the more important reason is that here the production of tungsten, this is for many industrial activities are extremely important an element , and it is the same and rare earth resources controlled by China .

According to the U.S. "Forbes " magazine website reported on May 12 , the high hardness of tungsten , heavy weight , high melting point , in the past mainly for the manufacture of the filament . Today , its main purpose is to manufacture cutting tools, as well as high-strength steel and armor-piercing rocket nose cone such weaponry.

In the first and the second world war period, the British army used tungsten mainly from He Modeng mine , but later the mine closed.

He Modeng tungsten ore mining project is based on a rich tungsten element is called wolframite , and a number of large mining companies want to re- develop this project, but have failed , including the once very famous American mining companies Amaks companies.

He Modeng mine owner is the latest Australian mining company Wolf , the company has been experiencing great difficulty attracting investors , largely because of timing issues and the outside world to understand the importance of tungsten too less .

Another factor is that few people believe that the British government would approve mining in the country , in the last 30 years, most of the mines have been shut down Britain .

Wolf bought the company in late 2007 He Modeng mine, but soon found it difficult to spend the next few years the market downturn, but also completely change the banking system after such a military and industrial uses of metals important characteristics generally ignorant state.

Two years ago, the British Geological Prospecting Institute for Supply risk level assessment highlights the importance of tungsten tungsten , in the case of 10 of the highest risk level , the Institute of Geological Prospecting score of 9.5 , with the same level of risk of rare earth , As the production and consumption of these two resources have been dominated China , China can decide the amount of supply to other countries.

Eliminate the presence of tungsten entrenched understand Wolf 's been a big burden on the shareholders' meeting , it will pave the way it should be financially , you can speed up the mine is located in Plymouth and a tungsten processing plant construction work .

After the operation,He Modeng ore products into two , namely, tungsten concentrate and tin concentrate. Tungsten will be sold to companies manufacturing high- strength tools .

Reported that , from an economic point of view,He Modeng mine will bring very profitable , but the market for tungsten and highly specialized transactions do not understand is another negative factor has been facing investors . Value of one ton of tungsten is about $ 36,000 . Wolf and other manufacturers sold tungsten is measured in degrees tonnes , the current price is around $ 360 , about three times the cost of $ 110 per metric ton of degrees . Wolf Company's ability to make the past 45 years the company was not able to make other big thing , it depends on the success of its projects completed and put into operation in the first half of next year could concentrate .

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