A lack of supply has been driving up the price of tungsten on the world market. The further reduction of exports from China is only exacerbating the problem. As new uses and the economic recovery take off new mining will have to make up the difference or severe shortages will be the reality. In an exclusive interview, Stephen Leahy, CEO of American Tungsten explains the factors driving the market.
China’s tungsten concentrate price started to dip since Q4 in 2008 and till Q1 of 2009 the average offer of domestic tungsten concentrate had remained at CNY 60,200 per tonne to CNY 61,900 per tonne slumping by 32.81%YoY. For full story, click here
North American Tungsten Corporation Ltd. closed at $0.135 Friday, trading 1,377,200 shares. For full story, click here
Ferro Tungsten TUN-FERRO-LON was quoted higher at around $30 a kg from $29 a kg last week and $25 a kg the week before as consumer enquiries for the metal used to make steel for industrial drills were met with empty hands. For full story, click here
Prices of ferro tungsten in Europe crept up for the second week running as lack of new supplies from China reinforced a dearth of material in Rotterdam, traders said. For full story, click here
Ferro Tungsten TUN-FERRO-LON was quoted higher at around $30 a kg from $29 a kg last week and $25 a kg the week before as consumer enquiries for the metal used to make steel for industrial drills were met with empty hands. For full story, click here
BHP Billiton is currently not posting prices and quantities, the company said on its website. For full story, click here
Mineral drilling companies could name their prices just months ago when the world was hungry for metals. But as commodity prices continue to drop, so does mineral exploration, and New Brunswick’s drillers are watching share prices tumble as a result. For full story, click here
Zcom Networks, Inc. announces that the company Is retiring an additional 500,000,000 shares of common stock back to Its treasury. For full story, click here
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