Tungsten Investing News» wolfram

Supply cutbacks influence tungsten market

Melissa Pistilli — Wed, 04 Mar 2009 05:38:19 +0000

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.

Sandvik Buys Tungsten Mine to Secure Supply

Melissa Pistilli — Wed, 18 Feb 2009 23:15:23 +0000

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.

Tungsten price steady, but lack of equity hits mines

Melissa Pistilli — Fri, 03 Oct 2008 04:16:47 +0000

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.

Tungsten exploration outside China continues at fast pace

Melissa Pistilli — Fri, 15 Aug 2008 15:41:34 +0000

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.

Wolfram Camp mine started producing again

Melissa Pistilli — Thu, 14 Aug 2008 14:32:38 +0000

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 [...]