The reduction of export quotas from China, the world’s leading producer of the metal helped the price nearly triple over the course of the year. Recent reports from China have the quotas increasing nearly 10 percent for the first half of 2011. What will be the major stories for the tungsten market in 2011?
The week has proven to be stable for tungsten had a firm quotation. Many factories feel positive toward the tungsten demand. The market has been steady until May 21 wherein the price was reduced to 126,000-129,000 (tax-inclusive) from 130,000-132,000 yuan/ton. Click here to access the entire news
North American Tungsten Corporation Ltd. (TSX-V: NTC) has announced an the closing of an accumulated offering of CDN$3,250,000 by Convertible Debentures. This was previously announced on May 19, 2010. Stephen M. Leahy, Chairman & CEO of NTC is quoted saying: “The financing is subject to regulatory approval. It is anticipated that insiders of the Company [...]
Tungsten prices in the United States remain stagnant, but market sources agree buyers could drive down prices if they were prepared to bargain hard-and if demand justified doing so. For full story, click here
The outlook for base metal prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. 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
Queensland Ores Ltd. fell by the most on record in Sydney after stopping production at its Wolfram Camp tungsten mine. For full story, click here
North American Tungsten Corp rose $0.03 to $0.15. For full story, click here
Queensland Ores fell 67 percent to 1.1 Australian cents after stopping production at a tungsten prices fell. For full story, click here
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