Tungsten Investing News» molybdenum

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

Geetha — Thu, 13 May 2010 13:24:05 +0000

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 Stake in Sangdong Grows to 70%

Geetha — Mon, 10 May 2010 12:30:54 +0000

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 [...]

Stagnant tungsten market dips prices

Melissa — Fri, 27 Mar 2009 13:01:50 +0000

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

Melissa — Fri, 13 Mar 2009 08:13:38 +0000

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

Melissa — Mon, 02 Feb 2009 04:51:59 +0000

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

Melissa — Mon, 19 Jan 2009 03:23:27 +0000

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?

Melissa — Fri, 19 Dec 2008 04:08:38 +0000

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

Melissa — Fri, 05 Dec 2008 04:38:05 +0000

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.

Tungsten market poised for growth

Melissa — Fri, 07 Nov 2008 03:53:22 +0000

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.

Tungsten price steady, but lack of equity hits mines

Melissa — Fri, 03 Oct 2008 04:16:47 +0000

A strong growth in Chinese consumption, an unlikely substitute for the metal, and the high cost of getting new mines into operation will likely support tungsten prices over the next five years.