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"
Thursday, October 2, 2008
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.
Continue reading "Tungsten price steady, but lack of equity hits mines"
Friday, August 15, 2008
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.
Continue reading "Tungsten exploration outside China continues at fast pace"
Thursday, August 14, 2008
Wolfram Camp mine, which was closed down in the 1980’s, produced first concentrates of tungsten and molybdenum once again. Managing director Taff Greenwood of Queensland Ores Limited, which has taken over the mine, said: The company hopes to produce 1000 tonnes of tungsten concentrate and 80 tonnes of molybdenum concentrate in the first year. Click here for full news.
Continue reading "Wolfram Camp mine started producing again"
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Tuesday, March 3, 2009