Tungsten's News

Tungsten Ore Market Price Going Up but Actual Transaction Continue Flat

Details: Category: Tungsten News; Published on Monday, 21 December 2015 16:28

Tungsten market quotation: From middle of November some tungsten manufacturers get unite to limit the sale amount of tungsten series products, in order to avoiding tungsten price continue to fall down. On the other hand, due to the tungsten price fall down to the “bottom price” so many mines stop to operation. Many tungsten manufacturers can’t get the raw materials for production so tungsten ore market price soared up at a big range. Before January 2016, tungsten ore market price may continue to going up by market control but the demand of the market may not increase. At the present, the whole economic situation of China is not good and the decline of European economy may be a long-term process. So the whole global economy situation is not stable and so as well as the tungsten market. Besides, steel industry continues to decline so the demand of tungsten products is not too much. On the other hand, at the end of year, many tungsten concentrate holders in order to have capital for turnover so they sale some tungsten ore for cash at early time. What’s more, at the end of year, many manufacturers don’t want to sale products. So at the present, tungsten concentrate has high price but the demand is not well. Some exports predict that before Chinese New Year tungsten ore market price may going up or maintain, but the demand of it will be flat.

The average market price of mainly tungsten products: wolframite concentrate (content ≥65%): 64,000.00 RMB/ton; scheelite concentrate (content ≥65%): 62,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 98,500.00 RMB/ton, export price:218.00 $/ton; tungsten powder (content ≥99.95%): 157.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 155.00 RMB/ton, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 210.00 RMB/kg, export price: 34.22 $/kg.

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Tungsten Carbide Cutting Tool’s development in High-end Manufacturing Industry

Details: Category: Tungsten News; Published on Monday, 03 November 2014 18:25

Tungsten carbide cutting tool, a type of super-hard cutting tool, has gained wider applications with the development of high-end manufacturing industries in China. We can surely say that the development in high-end manufacturing industry has significantly promoted that in the tungsten carbide cutting tool industry.

I. In machine tool industry, which plays a leading role in manufacturing industry, the rapid growth of numerically-controlled machine tools contributes to the expanded tungsten carbide cutting tool market. We all know that a machine tool needs to work with more than a dozen types of cutting tools, or even more. Also, cutting tool is a kind of consumable and thus needs regular replacement to ensure constant high efficiency. In 2009, China ranked the first around the world in machine tool output, and with year-on-year growth of more than 64 percent in the import of various kinds of cutting tools in China at the same term. All these show that the market demand of domestic tungsten carbide cutting tools is not a problem, instead, the backwardness in its production is the real issue we should be concerned about.

II. The demand of shield tunneling machines in railway construction for tungsten carbide cutting tools is growing fast currently. The hobbing cutter bit has to be replaced every 200 to 300 meters when the shield tunneling machine moves. By 2015, the subway traffic mileage is expected to reach 3900 kilometers, while 7000 kilometers by 2020.

III. The basic PCB sub-industry of information industry, which has been listed as the pillar industry will maintain an average growth rate of 9.3% in the next five years and the increased amount of PCB consumption is expected to reach 4 billion RMB.

IV. About 60%-80% of drilling work in geological prospecting and mine mining is done by using tungsten carbide drill bits. With the growing mining depth, the consumption of tungsten carbide cutting tools for mining is expected to remain an average increase of 30% in the next five years.

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Tungsten Carbide Cutting Tool Service Needs Improvement

Details: Category: Tungsten News; Published on Friday, 31 October 2014 18:51

Tungsten carbide cutting tool, as the representation of high-hard cutting tools, is a kind of indispensable tool for modern manufacturing industry and has become the driving force of the cutting market.

With the economic and social development, together with the specific situation in the manufacturing industry, the requirements towards tungsten carbide cutting tools do not focus only on the cutter itself, but also on its related service. It is important for tungsten carbide cutting tool manufacturers to provide the information about the cutter’s properties and physical parameters, but it is also equally important for them to know what materials their customers are going to process, and then put forward a systematic solution for their customers while taking into consideration the productive cost.

Generally, the cutter users expect lower cost with better service. Due to the emerging of new types of manufacturing enterprises and the increasing higher demands on productivity, cutter manufacturers around the world are all subdividing their technical teams. There are mold industry group, automobile industry group, aviation group, MTB group, energy industry group, medical industry group and so on. Tungsten carbide cutting tool is a kind of consumable product, so lower price is a good weapon for market competing. For manufacturing enterprises, large-scale sales that can spread the cost pressure and being more professional in some certain products are both important methods for them to gain more profits. Tungsten carbide cutting tool enterprises should focus on producing high-quality tungsten carbide cutting tool and at the same time improve its related service, so as to meet the needs of cutter users better.

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China Rare Earth Export Jumps 31% in August

Details: Category: Tungsten News; Published on Thursday, 11 September 2014 16:13

Chinese companies exported 2,353 tonnes of rare earths last month, nearly 31 percent more than the previous month, new customs data showed on Sep.8th.

China's rare earth exports fell to 1,556 tonnes in June, the lowest level of this year, according to the General Administration of Customs (GAC).

For the first eight months, exports rose 35 percent year-on-year to 18,252 tonnes. In value terms, however, exports contracted 7.9 percent from a year earlier to 261.6 million U.S. dollars owing to falling prices.

Export till the end of last month was nearly 60 percent of the full-year quota of 30,610 tonnes, shared by 28 production and circulation enterprises.

Rare earths, a class of 17 mineral elements, are some of the most sought after metals due to their vital role in green technologies like wind turbines and car batteries as well as in military sectors.

With its rare earth reserves accounting for 23 percent of the global total, China supplies over 90 percent of the world's market demand at the cost of much pollution.

To curb environmental degradation and protect resources, China has set output ceilings, export quotas and stricter emissions standards as well as high resource taxes for some ores.

In the previous two years, companies had failed to use their full annual export quotas.

In 2013, China exported 22,493 tonnes of rare earths, up 38.3 percent from 2012. But it was well below the full-year export quota of 31,001 tonnes. In 2012, exports at 16,265 tonnes, just over the half of the full-year quota.

Early last month, the World Trade Organization ruled that China's export duties, quotas, and administration of rare earths, tungsten and molybdenum products were inconsistent with WTO rules and China's Accession Protocol.

In March 2012, the European Union, Japan and the United States teamed up to bring a joint case to the WTO over China's measures on exports of rare earths, tungsten and molybdenum.

They claimed that the restriction had limited other countries' access to the minerals, given China a competitive advantage and hurt other producers and consumers.

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Chinese APT Price Kept Steady, While European Dipped

Details: Category: Tungsten News; Published on Wednesday, 03 September 2014 16:14

Chinese APT was offered at RMB166,000/mt (USD27,213/mt, export duty excluded), but real transaction price was RMB163,000-164,000/mt (USD26,721-26,885/mt, export duty excluded) . Downstream buyers purchased small volumes amid depressed market.

European APT price dropped to USD350-360/mtu, and participants reported lower offer and weak demand. The market was quite quiet, and expected to last till September. Sentiments has been subdued, therefore leading to fall offer.

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Domestic Industries Demand Promotes Tungsten Carbide Cutter’s Development

Details: Category: Tungsten News; Published on Tuesday, 15 July 2014 18:51

In recent years, China's tool market maintained a trend of rapid growth, and is expected to create new highs. In recent years, the international tool market maintained a steady recovery, but a conservative estimate of the average annual growth rate remained at around 3% to 5% of domestic demand to promote industrial development of tungsten carbide cutter mold.

Overall, China's hardware tool booming, tool making process needs to mold molding process, which is beneficial to China's mold industry. Further development of the thermal metal cutting tools, and its strong market demand are inseparable.

It is understood that the huge market demand is an important factor in our tool industry thrive in stimulating consumption, China's production scale tool is expanding, driven tool market, China's market demand is bound to be raised cutter mold, will promote the development of domestic mold industry largely. However, the domestic mold industry is concerned, still need to continue efforts to continuously work hard on the overall quality of technology, quality and practitioners take a variety of ways to promote the development of the industry. Industry personnel should also contribute actively to the development of the industry together for the future given their own strength. I believe that in the near future, the domestic mold industry will to a higher level.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Kennametal To Buy Allegheny's Tungsten Materials Business For $605 Mln

Details: Category: Tungsten News; Published on Tuesday, 17 September 2013 16:21

Industrial technology company Kennametal, Inc. ( KMT ) agreed Monday to acquire the Tungsten materials business of Allegheny Technologies, Inc. ( ATI ) for $605 million. The deal, which has the approval of both the companies' boards, is expected to close during the fourth quarter of 2013.

"ATI's Tungsten Materials Business brings vital strategic assets that are an excellent complement to Kennametal, especially given our common focus on operational excellence and industry-leading material science," Kennametal Chairman, President and CEO Carlos Cardoso sad in a statement.

The Tungsten materials business, part of ATI's Engineered Products segment, is a producer of tungsten metallurgical powders, as well as tooling technologies and components, generating annual sales of around $340 million and operating profit of $37 million. It comprises two divisions such as ATI Firth Sterling and ATI Stellram.
Kennametal plans to fund the acquisition through a combination of cash on hand and available borrowings under its existing revolving credit facility.

The acquisition is in line with Kennametal's long-term growth strategy of expanding presence in aerospace and energy end markets as well as further boosting its tooling portfolio. It also accelerates plans for expanding capacity and developing an advanced tungsten carbide recycling facility in the U.S. to serve global markets.

The deal is estimated to reduce planned capital expenditures by an estimated $30 million to $35 million. Kennametal also projects the deal to generate cost synergies of $30 million to $40 million on annual basis and cash tax benefits of between $60 million and $70 million.

Further, Kennametal expects the acquisition to be neutral to earnings for the remainder of its fiscal year 2014.
"The sale of our tungsten materials business to Kennametal, a recognized global leader in tungsten-based wear-resistant products, provides ATI with increased financial flexibility and simplifies capital allocation and deployment," ATI Chairman, President and CEO Rich Harshman stated.

Meanwhile, ATI said it will report the financial results of the tungsten materials business in discontinued operations pending completion of the transaction.

ATI noted that the sale strengthens its focus on core strategic businesses and emphasizes the technical, commercial and operating synergies between its High Performance Metals and Flat-Rolled Products segment businesses.
In Monday's regular trading session, KMT is currently trading at $46.71, up $0.71 or 1.54% on a volume of 0.29 million shares, and ATI is trading at $30.76, up $2.13 or 7.44% on a volume of 2.12 million shares.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Kennametal To Buy Allegheny's Tungsten Materials Business For $605 Mln

Details: Category: Tungsten News; Published on Tuesday, 17 September 2013 16:19