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.
Continue reading "Supply cutbacks influence tungsten market"
Wednesday, February 18, 2009
Sandvik AB of Sweden has agreed to buy Wolfram Bergbau- und Huetten-GmbH Nfg. KG of Austria. Sandvik is the worlds biggest maker of metal cutting tools. Sandvik is Wolfram's largest customer, buying tungsten from the mine and processing plant.
Continue reading "Sandvik Buys Tungsten Mine to Secure Supply"
Sunday, January 18, 2009
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.
Continue reading "New applications will benefit tungsten market"
Thursday, November 20, 2008
Tungsten, like all other metals has witnessed a precipitous price drop. Data coming out of China, producers of around 85% of the world’s tungsten, shows that most of the Chinese Ferro-tungsten makers have either shut down or decreased output.
Continue reading "Will China’s monopoly equal tungsten stability?"
Tuesday, November 18, 2008
Queensland Ores fell 67 percent to 1.1 Australian cents after stopping production at a tungsten prices fell. For full story, click here
Continue reading "Queensland Ores fell 67 percent"
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Tuesday, March 3, 2009