North American Tungsten Closes Non-Brokered Private Placement
North American Tungsten (CVE:NTC) announced that it has closed a deal including an aggregate of US$2,870,000 principal amount of convertible debentures.
Articles Tagged "north american tungsten"
North American Tungsten offers convertible debentures
NORTH AMERICAN TUNGSTEN CORPORATION LTD. (CVE:NTC) announced an offering of an aggregate of up to US$2,850,000 principal amount of convertible debentures . The Convertible Debentures mature on the date that is 36 months after the date of issuance and bear interest at 10.0% per annum, payable quarterly. The principal is convertible into common shares of [...]
China’s Tungsten Demand to Grow Eight Percent this Year
China is taking measures to make sure they will be able to supply their domestic tungsten demand; but these measures have a few countries calling foul play.
China Tightens Grip on Tungsten Market
China has had a long standing monopoly on the tungsten market, and has taken some questionable moves to maintain their domination of the market.
North American Tungsten appoints new director
North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) announced the appointment of Mr. Kurt Heikkila to the Board of Directors.
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.
Supply cutbacks influence tungsten market
Chinese ferrotungsten export prices have been creeping up since the conclusion of the spring festival in January. Low prices in the fourth quarter of 2008 pushed many key tungsten producers to stop operations. The same miners have announced, that despite the current trend, they do not plan to resume mining and production in short term.
Tungsten market poised for growth
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 resilient to market fluctuations
Tungsten prices have managed to hold steady while all the other base metals dive. In 2004, tungsten was worth US $60 per kilo, and now it oscillates around $260 per kilo. Tungsten’s value is due to its exceptional properties.
Tungsten exploration outside China continues at fast pace
Over the past four years the price of tungsten has surged from $4 per pound to over $14 per pound. The surge in the price of tungsten has been caused by the fact the China has a monopoly on the market.
