The tungsten market has been quiet for ’09. Ferro-tungsten prices have been slowly creeping up due to short supply, so it is exploration as usual for the tungsten business. Tungsten exploration outside of China is critical, as the country has a monopoly on the metal used for military and aeronautical equipment.
Icon wants to get into the tungsten mining business as soon as possible. It certainly needs to get its hands on money, as it recorded an end-of-quarter cash balance of $53,000.
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Icon wants to get into the tungsten mining business as soon as possible. It certainly needs to get its hands on money, as it recorded an end-of-quarter cash balance of $53,000.
For full story, click here
Mineralised skarns at Victor, which were not exploited by historic mining, had significant potential to host economic tungsten and copper.
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ASX-listed uranium company Uran has entered into an option to purchase the Victor tungsten project, in California.
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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.
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.
Adex Mining Inc. announcef the completion of a mineralogy characterization test program for the recovery and extraction of tungsten, molybdenum, tin and indium at the Company’s Mount Pleasant Mine Property located in southwestern New Brunswick.
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Jasper Mining Corporation has received additional analytical results from the bottom of holes 26 (previously released) and 39 from its 100% owned Isintok property.
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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.
Friday, March 13, 2009
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