The past week has seen many new company developments when it comes to Tungsten. Vancouver-based Golden Predator Mines announced the intersection of near surface tungsten mineralization in drilling at its wholly-owned Springer tungsten project in Nevada.
The market has been increasingly volatile over the past months, and with this week’s huge adjustments many businesses announced new strategic measures. Tungsten companies were no exception, and a few business changes were announced this week.
Scrap recycling is an important facet of the globe’s tungsten supply, with approximately 30% of the world’s tungsten coming from recycled material.
Xiamen Tungsten Co. Ltd reported that its controlling shareholder Fujian Metallurgical (Holdings) Co. Ltd has increased its stake in the company to 34.17% from the previous 33.60%. For more information, click here
It was a low key week for Tungsten, as an oscillating dollar and Gustav-instigated pressure on crude turned the market focus to the industrial metals.
The Central Government of China has recently made an announcement that the second export quota for such rare metals as molybdenum, tungsten and so on to be shipped from China. For more information, click here
Hard facing with tungsten carbide helps to decrease costs and increase the life of Wear components in ground engaging tools, crushers and batch mixing Equipment. For more information, click here
Friday, September 26, 2008