China Represses Illegal Mining of Tungsten, Antimony, and Fluorspar according to the Ministry of Land and Resources (www.mlr.gov.cn).
Ji Wenlin, director of ministry’s general office said that this action will put a stop on all exploration and mining operations without licence to operate.
Click here to access the entire news
China produced 25,211 tons of tungsten concentrate in the first four months of 2009, up 18.71 percent on an annual basis, as per a report from the China Tungsten Industry Association on May 27.
For full story, click here
China declared that it has suspended the approval process for new antimony, tungsten and rare earth mines until the end of June next year, excluding selected projects, to preserve its resources for future need.
For full story, click here
China declared that it would impose a ceiling on the output of mineral resources like tungsten, antimony and rare earth in 2009 amid shrinking demand.
For full story, click here
China’s tungsten concentrate price started to dip since Q4 in 2008 and till Q1 of 2009 the average offer of domestic tungsten concentrate had remained at CNY 60,200 per tonne to CNY 61,900 per tonne slumping by 32.81%YoY.
For full story, click here
China’s tungsten concentrate producers have increased offers by $146-293 to reach 64,000-65,000 yuan per tonne in bid to push up market sentiment.
For full story, click here
Chinese-backed factories in Vietnam are offering ferro-tungsten at prices far below Chinese offers, forcing Chinese export offers down to $24-25 per kg, from $28-30 per kg last week.
For full story, click here
Ganzhou, a city in eastern China’s Jiangxi Province and a leading tungsten making region, is building up its own tungsten and rare earth reserves to support domestic metals firms.
For full story, click here
Chinese cutbacks and plant closures, expected to continue until after the Lunar New Year holiday next week also helped support prices of magnesium in Europe.
For full story, click here
Shenzhen, the Chinese city that accounts for 60 per cent of China’s total annual exports, is witnessing declining demand for tungsten. In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry.
Tuesday, May 25, 2010