Tungsten & Sapphire Growth Furnace Price

The gold market got hits while tungsten became the exclusive survival

Details: Category: Tungsten's News; Published on Friday, 19 April 2013 16:28; Hits: 2241

Market performance: non-ferrous metal plates fell 0.7% last week, performing slightly better than the broader market (Shanghai Composite Index fell 0.7%, Shenzhen Component Index fell 1.44% and CSI 300 Index fell 0.86%). Among the sub-industry, gold market performed better with 0.9% rise while rare metal was the worst performing sector with 1.7% fall). As for the individual stocks, Jiaozuo Wanfang and Yunan Germanium led gains while Orientzr and GEM suffered heavy fall).

Rare metal: market: sharp increase in APT market and fall in praseodymium –neodymium market. The increase of 3.4% in APT price was due to the influence of market guide price, the rising of tungsten concentrate price and the rumor of tungsten purchase. However, considering there are not obvious supports by fundamentals, the upward trend is difficult to sustain. Rare earth market was still weak with Pr-Nd alloy falling 3% and Pr-Nd oxide 4% respectively.

Precious metal market: gold has been headed for a bear market. Factors supporting gold to sustain its high price are conquered one another. Gold market has suffered a heavy fall of 5.2%.

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40% of gold bars adulterated with iridium or tungsten

Details: Category: Tungsten's News; Published on Friday, 19 April 2013 15:23; Hits: 2405

In the last decade, the price of gold has increased from about 280 dollars per ounce to recent 1,600 dollars per ounce, with a rise of more than 3 times. It was really a gold decade of gold investment.

It has ever been circulated online that fake gold bars with tungsten as its core are likely to appear in the gold market. It is said that these fake can be tested by means of chemistry, weight and X-ray as the density of gold is 19.3 g/cm3 while that of tungsten is 19.25 g/cm3.

Besides, it only cost 50,000 dollars to manufacture a 400-ounce-weight fake gold bar with tungsten core, far cheaper than a pure gold bar with the value of about 480,000 dollars.

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The tungsten alloy electroplating technology got recommendation

Details: Category: Tungsten's News; Published on Friday, 19 April 2013 14:36; Hits: 2233

The 2010 promotion held in Changsha several days ago recommended tungsten alloy electroplating technology in the entire province. Technical leaders and executives from more than 130 famous enterprises attended this promotion.

Tungsten alloy electroplating technology is one that applys to the corrosion and erosion resistance of the surface of mechanical equipment and parts. It was researched and developed originally by a team leaded by He Fengjiao, a professor of College of Chemistry and Chemical Engineering, Hunan Normal University.

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Titanium and tungsten carbide are in the list of state-level new materials

Details: Category: Tungsten's News; Published on Friday, 19 April 2013 14:51; Hits: 2240

According to the report by the China Securities Journal on Tuesday, the Ministry of Industry and Information Technology is deciding the list of new material industries among the strategic emerging industries. Non-ferrous metal industry alone has reported nearly 100 kinds of new materials, among which titanium and the intensive processing products of tungsten (tungsten carbide) have finally been selected.

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The tungsten Industry has become the driving force of Ganxian County economic development

Details: Category: Tungsten's News; Published on Friday, 19 April 2013 14:09; Hits: 2203

The tungsten industry in Ganxian County gained the main business revenue of 6.62 billion yuan, with year-on-year growth of 26.9 percent, spurring increase in enterprises at national scale by 7.5 percentage points. Tungsten Industry has become the driving force of its county economic development.

In order to make the tungsten industry bigger and stronger, the county has make the following efforts: integrating the tungsten mines of the entire county to optimize resource allocation; fostering the growth of leading enterprises with supports such as capital, water-power supply, policy and talents; accelerate the pace of scientific and technologic innovation. At present, there are more than 10 enterprises engaged in tungsten processing gaining the annual main business income of more than 100 million yuan, among which 4 enterprises pay taxes of more than 10 million yuan.

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