Articles Tagged "molybdenum"

Woulfe Mining closes $4,407,500 brokered private placement

Woulfe Mining reports that it has completed a partially non-brokered private placement. The Placement was brokered by GMP Securities Europe LLP which shall receive a cash commission of 6% of the proceeds directly placed and 3% of the proceeds placed by the Company and 1,763,000 compensation warrants representing 6% of the shares placed. Each whole compensation [...]

Woulfe Mining closes $4,407,500 brokered private placement

Woulfe Mining Stake in Sangdong Grows to 70%

Woulfe Mining Corp. reports Scoping Study for its Sangdong project in South Korea has been submitted to the property vendor, Se Woo Mining. The Company has the right to secure 100% ownership on completion of a full feasibility study. At that time, the Company’s remaining obligation to Se Woo Mining is a 2% net smelter royalty once production [...]

Woulfe Mining Stake in Sangdong Grows to 70%

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.

For tungsten miners, it’s exploration as usual

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.

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.

Has China’s tungsten monopoly backfired?

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.

Tungsten companies move forward

Tungsten, like all the other metals, has seen a large amount of its value lost in the 2008 market crash. However, some stability has been lent to tungsten due to the fact that China has a monopoly on the market.