I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the inter-mediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the [...]
Low demand, low prices, and the break up of the former USSR has led to a collapse in tungsten production. With China soldering on as the predominant tungsten producer in the world, the West is seeking out direct ownership of non-Chinese mines. Where is the fresh supply?
European Ferro tungsten prices crept up for the week as buyers drew down inventories in Rotterdam. For a second week in a row, the Lunar New Year Holiday in China meant lack of supplies were coming out of the country.
North Bay Resources Inc. is pleased to announce that it has finalizedand signed a contract with Hidalgo Mining International Inc. to engage in a joint-venture for the development of NorthBay’s Gold Hill Project in British Columbia, Canada.
For full story, click here
North Bay Resources Inc. is pleased to announce that it has finalizedand signed a contract with Hidalgo Mining International Inc. to engage in a joint-venture for the development of NorthBay’s Gold Hill Project in British Columbia, Canada.
For full story, click here
Tungsten, like all other metals has witnessed a precipitous price drop. Data coming out of China, producers of around 85% of the world’s tungsten, shows that most of the Chinese Ferro-tungsten makers have either shut down or decreased output.
The tungsten market is witnessing consistent growth as development around the globe in national defense, civil and war industries are using up all the tungsten supplies they can get their hands on.
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.
Thursday, May 27, 2010