U.S Tungsten prices tags tumble for want of deals
According to traders and buyers, U.S. tungsten prices have dipped considerably over the past month or so in a lifeless market. For full story, click here
Articles Tagged "market"
Rwanda’s mining revenues may fall 40 percent
Rwanda’s mining revenues are expected to fall by 40 percent to around $56 million this year, down from a record $94 million in 2008, as demand contracts for high-end minerals such as tin and tungsten and prices dip on the international market. For full story, click here
China’s tungsten conc offers increase
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
Stagnant tungsten market dips prices
The ferro-tungsten market has been stagnant in recent weeks, with only a handful of transactions taking place. Last Friday, in China, inactivity translated into a dip in prices. Ferro-tungsten fell to $25.90 a kilogram, down from the recent rate of $28.00 per kilogram.
Tungsten slips by over $1/kg
Ferro-tungsten slipped on Friday, with continuing low demand in a market that had been stagnant for two weeks putting downward pressure on prices. For full story, click here
Tungsten prices remain unchanged in listless market
Tungsten prices in the United States remain stagnant, but market sources agree buyers could drive down prices if they were prepared to bargain hard-and if demand justified doing so. For full story, click here
Demand will be a bit stronger
Once the economy bottoms, which may happen in some countries in 2009, there is a chance demand will be a bit stronger than seen during the past few weeks and prices would be a bit more supported. For full story, click here
Traders said there was very little business
Traders said there was very little business being done, that they did not expect to see a real recovery until the second half of the year and that the global economic downturn would dampen activity for some months yet. For full story, clicki here
Tungsten shortage buoys price
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.
New applications will benefit tungsten market
Holiday retail sales were worse than anticipated. The jewelry market was hardest hit, luxury goods sales were down as much as 34%. However, the new Tungsten jewelry market faired exceptionally well over this holiday season.
