Today's shopping day without my biz of tungsten!
Today, all of my family come to the Outlets at orange for shopping a day!
My son has his 10 days hoiliday. I forget all of my biz altrought all of my staff still on thire works in China, Thanx for my girls who are in charge of tungsten biz.
Hanns CEO/Chinatungten.com
2015/04/06
Tungsten Products' Prices are Decline
Tungsten Products' Prices are Decline
Tungsten products'prices,as tungsten alloy fine parts and raw materials like tungsten concentrates and tungsten powder and tungsten carbide powder after the first two weeks of continuous decline slightly for two days and gradually stabilized, smelters home very price conscious of tungsten small businesses operating enthusiasm, many market participants wait wait guided introduction of more specific operations, expected today tungsten or mainstream maintenance of stability, individual manufacturers offer high tungsten small drop.
Hanns CEO/Chinatungten.com
2015/04/05
Biz Trip to LA of Tungsten Alloy
Biz Trip To LA CA
I'm very glad to visit Los Angeles CA, USA for my trip.
Today, I visit a firend who do the business of tungsten alloy and tungsten carbide, we talked the biz of tungsten in the past serval years, and our co-operation in the future.
In fact, the biz of tungsten in the past year 2014 was not so good, for the price of tungtsen raw materials rised and down sharply, the price of tungsten powder was 190 RMB per kilogram at the end of the year, but it was 250 RMB at the early of 2014, since then, we have to control our processing cost
and keep the competitive price to our co-operating partner.
Yes, we should do something more for 2015, we should offer our tungsten alloy and tungsten carbide parts at best terms and conditions.
Hanns CEO Chinatungten.com
2012/04/05
Tungsten Alloy Counterweights: Tungsten Alloy Golf Club Counterweight
Tungsten Alloy Counterweights: Tungsten Alloy Golf Club Counterweight: A golf club counterweight apparatus for selectively modifying the swing weight of a golf club having a shaft with a handle end and a he...
Hanns CEO/Chinatungten.com
Hanns CEO/Chinatungten.com
2012/04/04
The New Weapon of Trading: Tungsten and/or Rare Earth of China?
The New Weapon: Tungsten and/or Rare Earth of China?
China has 65% of the world’s tungsten ore reserves, and accounted for about 85% of the global total tungsten output in 2010. As of 2010, China’s tungsten metal reserves were only 1900 thousand tons, which can merely be utilized for 20 years at the current rate of depletion. In order to promote reasonable exploration and utilization, tungsten was classified among the protected resources in China in 1991, and policies on limitation of exploration and exportation have been implemented from then on.
It is reported that China will cut down the export of tungsten raw materials because of the reason of enviroment protection in the future, then more and more international buyer and end user have to buy the tungsten sintered products from China's manufacuturers.
But if the buyer from military, from army, dose it may let China know how are these tungsten parts should be used? and when these tungsten may be shotted to China?
There's a real problem but not the materials itself, but the uses or application the materials, is that right? I don't know.
Hanns CEO/Chinatungten.com
China has 65% of the world’s tungsten ore reserves, and accounted for about 85% of the global total tungsten output in 2010. As of 2010, China’s tungsten metal reserves were only 1900 thousand tons, which can merely be utilized for 20 years at the current rate of depletion. In order to promote reasonable exploration and utilization, tungsten was classified among the protected resources in China in 1991, and policies on limitation of exploration and exportation have been implemented from then on.
Output and Exploitation Quota of Tungsten Concentrate (WO3, 65%) by Region in China, 2009-2010 (Ton)
Source: www.ctia.com.cn
Source: www.ctia.com.cn
It is reported that China will cut down the export of tungsten raw materials because of the reason of enviroment protection in the future, then more and more international buyer and end user have to buy the tungsten sintered products from China's manufacuturers.
But if the buyer from military, from army, dose it may let China know how are these tungsten parts should be used? and when these tungsten may be shotted to China?
There's a real problem but not the materials itself, but the uses or application the materials, is that right? I don't know.
Hanns CEO/Chinatungten.com
Yes, Tungsten Will be the Next Hot Rock!
Yes, Tungsten Will be the Next Hot Rock!
With demand for the metal on the rise, are investors like Berkshire Hathaway starting a "tungsten rush?"
By Alex Konrad, reporter A chunk of ore with tungsten
A chunk of ore with tungsten
FORTUNE -- Tungsten, one of the hardest metals in the world and used for everything from drill bits to light bulbs to touch screens, is suddenly hot. Much of the increased demand is coming from China, which just happens to hold the world's biggest reserves. The country is hoarding mineral resources by reducing exports, according to mining strategist Christopher Ecclestone of Hallgarten & Company, as it produces more of its own precision tools using the metal. "China wants to keep more of the good stuff for itself," he says.
With the Chinese tightening their grip and a general uptick in demand, prices have soared to about $20 a pound, double from a few years ago. That has the relatively small number of tungsten miners, such as Malaga and Woulfe Mining, ramping up activity. Malaga is currently sending one container, which is about 28,000 pounds, of tungsten per week from its Pasto Bueno mine in Peru, according to CEO Pierre Monet. To meet the pressure for more material, he says the mine would have to up its production to five containers per day.
Other mining companies such as Woulfe are capitalizing upon mines that shut down in past years when prices were a lot lower. In 2009, Woulfe acquired a one-time leading tungsten producer, South Korea's Sangdong mine, years after it had closed in 1992. Now the company is in a race to bring Sangdong back online while prices stay high. Woulfe hopes to have the mine in production by the first quarter of next year, says CEO Brian Wesson. But the company, like the rest of its sector, has been in a fight to get the capital it needs to fund the project.
Though tungsten use is spread across a wide range of industries, the quantities involved are still relatively small. There's been little historical interest in the U.S., and few mining analysts cover the material. (Malaga and Woulfe are both based in Canada.) According to Ecclestone at Hallgarten, the long lag time with mines from investment to production has kept investment interest in them relatively muted and their valuations low.
But that could change if executives are right in predicting that tungsten prices stay at high levels for the long haul. The U.S. is paying more attention to strategic metals and recently sued the Chinese government for its export restrictions of "rare earth" minerals, And now Warren Buffett is getting in on the act.
IMC Group, a subsidiary of Buffett's Berkshire Hathaway (BRKA) that holds a diverse portfolio of metalworking companies, recently invested $70 million in Woulfe's South Korean tungsten operations. Half that money goes to the mine itself, with the rest helping to finance a nearby plant for processing the raw material, Woulfe CEO Wesson says. The processed tungsten will then be used by units within IMC.
Mining for a partner
The historical model has been for a mining company to have one project in a given rare metal, with diversification coming from other mines of different minerals. Woulfe, for example, also owns a gold mine, the Maguk project, in South Korea. But Ecclestone says he would not be surprised to see consolidation among tungsten producers. "There are 15 players in the space each with one project, and there should be seven with two projects each." Malaga CEO Monet also notes that there is a limited pool of experienced mining experts capable of starting a new mine from scratch.
Any merger and acquisition activity, however, returns to the question of capital, and the industry can only hope that Berkshire Hathaway proves ahead of the curve in opening up funding. The success of the venture, however, will ultimately depend on the price of tungsten in the months after Sangdong goes operational. Ecclestone says his analysis shows little reason to believe prices will "go bad" anytime soon. But China poses potential headaches for Woulfe and IMC if it tries to manipulate the price.
"As a competitor to China, you're in the cage with the 800-pound gorilla," Ecclestone warns. But it's a cage match that Berkshire Hathaway has bet it can win. Tungsten futures, anyone?
A shorter version of this story appeared in the April 9, 2012 issue of Fortune.
Posted in: Berkshire Hathaway, metals, mines, mining, tungsten, Warren Buffett
Hanns CEO/Chinatungten.com
With demand for the metal on the rise, are investors like Berkshire Hathaway starting a "tungsten rush?"By Alex Konrad, reporter A chunk of ore with tungsten
A chunk of ore with tungsten
FORTUNE -- Tungsten, one of the hardest metals in the world and used for everything from drill bits to light bulbs to touch screens, is suddenly hot. Much of the increased demand is coming from China, which just happens to hold the world's biggest reserves. The country is hoarding mineral resources by reducing exports, according to mining strategist Christopher Ecclestone of Hallgarten & Company, as it produces more of its own precision tools using the metal. "China wants to keep more of the good stuff for itself," he says.
With the Chinese tightening their grip and a general uptick in demand, prices have soared to about $20 a pound, double from a few years ago. That has the relatively small number of tungsten miners, such as Malaga and Woulfe Mining, ramping up activity. Malaga is currently sending one container, which is about 28,000 pounds, of tungsten per week from its Pasto Bueno mine in Peru, according to CEO Pierre Monet. To meet the pressure for more material, he says the mine would have to up its production to five containers per day.
Other mining companies such as Woulfe are capitalizing upon mines that shut down in past years when prices were a lot lower. In 2009, Woulfe acquired a one-time leading tungsten producer, South Korea's Sangdong mine, years after it had closed in 1992. Now the company is in a race to bring Sangdong back online while prices stay high. Woulfe hopes to have the mine in production by the first quarter of next year, says CEO Brian Wesson. But the company, like the rest of its sector, has been in a fight to get the capital it needs to fund the project.
Though tungsten use is spread across a wide range of industries, the quantities involved are still relatively small. There's been little historical interest in the U.S., and few mining analysts cover the material. (Malaga and Woulfe are both based in Canada.) According to Ecclestone at Hallgarten, the long lag time with mines from investment to production has kept investment interest in them relatively muted and their valuations low.
But that could change if executives are right in predicting that tungsten prices stay at high levels for the long haul. The U.S. is paying more attention to strategic metals and recently sued the Chinese government for its export restrictions of "rare earth" minerals, And now Warren Buffett is getting in on the act.
IMC Group, a subsidiary of Buffett's Berkshire Hathaway (BRKA) that holds a diverse portfolio of metalworking companies, recently invested $70 million in Woulfe's South Korean tungsten operations. Half that money goes to the mine itself, with the rest helping to finance a nearby plant for processing the raw material, Woulfe CEO Wesson says. The processed tungsten will then be used by units within IMC.
Mining for a partner
The historical model has been for a mining company to have one project in a given rare metal, with diversification coming from other mines of different minerals. Woulfe, for example, also owns a gold mine, the Maguk project, in South Korea. But Ecclestone says he would not be surprised to see consolidation among tungsten producers. "There are 15 players in the space each with one project, and there should be seven with two projects each." Malaga CEO Monet also notes that there is a limited pool of experienced mining experts capable of starting a new mine from scratch.
Any merger and acquisition activity, however, returns to the question of capital, and the industry can only hope that Berkshire Hathaway proves ahead of the curve in opening up funding. The success of the venture, however, will ultimately depend on the price of tungsten in the months after Sangdong goes operational. Ecclestone says his analysis shows little reason to believe prices will "go bad" anytime soon. But China poses potential headaches for Woulfe and IMC if it tries to manipulate the price.
"As a competitor to China, you're in the cage with the 800-pound gorilla," Ecclestone warns. But it's a cage match that Berkshire Hathaway has bet it can win. Tungsten futures, anyone?
A shorter version of this story appeared in the April 9, 2012 issue of Fortune.
Posted in: Berkshire Hathaway, metals, mines, mining, tungsten, Warren Buffett
Hanns CEO/Chinatungten.com
China V.S. The World, the Reason is Tungsten and Rare Earth
China V.S. The World, the Reason is Tungsten and Rare Earth
---England Challenges China by Reviving Strategic Mine: Commodities
An English mine last used to make armaments to defeat Hitler’s forces will be revived to challenge China’s grip on tungsten, among strategic metals at the heart of a deepening trade dispute with Europe and the U.S.
Wolf Minerals Ltd. (WLF) is developing a tungsten mine in Devon, southwest England, 70 years after it was last extracted there. The Hemerdon site is the world’s fourth-largest deposit and can produce about 3.5 percent of global demand for the metal, used to harden steel in ballistic missiles and in drill bits. China provides about 85 percent of worldwide supplies.
Tungsten was one of the metals cited when U.S. President Barack Obama filed a complaint to the World Trade Organization on March 13 against Chinese supply curbs. Tungsten is a “critical” raw material, according to the European Union, and the British Geological Survey places it at the top of its supply-risk list of materials needed to maintain the U.K.’s economy and lifestyle.
“A big element of what we are doing is providing a strategic supply to companies outside of China,” Wolf Managing Director Humphrey Hale said in an interview in London. “We’re answering a requirement from the market, which is strategic supply, and prices are at a position where we can make money from that.”
Wolf is backed by Resource Capital Funds, which holds a 17 percent stake, and Traxys SA, with 9.6 percent, data compiled by Bloomberg show. Resource Capital is the largest shareholder in Molycorp Inc. (MCP), owner of the biggest U.S. rare-earth deposit. Traxys, the Luxembourg-based metals trader, also owns a stake in Molycorp.
Tungsten Prices
China has imposed export restraints on raw materials including rare earths, tungsten and molybdenum, causing worldwide supplies to plummet, sending prices higher and threatening strategic stockpiles. China is the largest supplier of 28 of the 52 elements on the Geological Survey’s risk list.
Rare earths became a political and legislative flashpoint in July 2010 when China moved to limit domestic output and slash export quotas by 40 percent, souring ties with the U.S. and Japan, where buyers cut usage after prices soared in the first half of 2011. China said on Dec. 28 it was leaving overseas sales caps for 2012 virtually unchanged.
Tungsten prices will probably stay at more than $40,000 a metric ton this year because of China’s curbs, Malaga Inc. (MLG), a producer of the metal in Peru, said in January. The price of ammonium paratungstate, the traded form of the metal, increased 32 percent in 2011 to end the year at more than $440 a metric ton, according to European price data from Metal Bulletin (MBWOEUFM). The material traded at less than $65 a ton in 2003.
Key Commodity
“Investors should really look at Tungsten,” John Meyer, an analyst at Fairfax IS Plc, said in an interview with Maryam Nemazee on Bloomberg Television’s “The Pulse” on March 28. “Demand is so far ahead of supply, I think it’s the key commodity, a strategic commodity.”
Wolf shares have fallen 21 percent in the past year, compared with the 25 percent drop in the 25-member FTSE 350 Mining Index.
Wolf’s mine will produce 3,500 tons of tungsten and 450 tons of tin a year, starting in 2015. It will cost about 120 million pounds ($190 million) to build. Wolf has raised some 55 million pounds and is in talks for an additional 15 million to 20 million pounds in a sales agreement. The balance will be sought through selling shares, Hale said.
The Devon mine, which provided material used in both World Wars, was closed in 1944 as access to overseas supplies resumed. Wolf isn’t the first company to attempt to revive it.
North American Tungsten
Amax Inc. started efforts to develop the mine in the 1970s and was granted approval for the project from Devon’s local government in 1986. Amax withdrew from the project in 1993 after falling commodity prices made progressing uneconomic.
North American Tungsten Corp. (NTC) bought Hemerdon in 1997, before disposing of the asset in 2003, discouraged by persistently low prices.
Cornwall and West Devon have been mined for more than 3,500 years, supplying the Roman Empire and materials for the U.K.’s industrial revolution, according to Unesco. By the early 19th century, the region provided two-thirds of the world’s copper and was home to about 2,000 tin mines.
Competition from Chile and Australia in the 1860s closed many of the copper mines, while the tin sites struggled to survive as increased production in Malaysia and Australia drove down prices. The region’s last tin mine, South Crofty, closed in 1998.
Francis Drake
Wolf’s mine is about 10 miles from the maritime city of Plymouth. Sir Francis Drake masterminded the defeat of the Spanish Armada in 1588 from the city and in 1620 the Pilgrims set sail for the New World from Plymouth aboard the Mayflower.
Against the backdrop of 2012 market constraints and higher prices, the mine is now an example of how Britain can provide its own security of supply, Hale said.
“The U.K. does have stuff that’s been overlooked for years,” he said. “The perception round the world is that the planning permissions will be hard, the opportunities will be small and you’ll be up against an army of green protesters. The reality is the other way round.
‘‘It’s a big resource, it’s not bijou, hobby, clotted cream and jam,” he said. “This is world class.”
To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.net
Collected by Hanns CEO/Chinatungten.com
---England Challenges China by Reviving Strategic Mine: Commodities
An English mine last used to make armaments to defeat Hitler’s forces will be revived to challenge China’s grip on tungsten, among strategic metals at the heart of a deepening trade dispute with Europe and the U.S.
Wolf Minerals Ltd. (WLF) is developing a tungsten mine in Devon, southwest England, 70 years after it was last extracted there. The Hemerdon site is the world’s fourth-largest deposit and can produce about 3.5 percent of global demand for the metal, used to harden steel in ballistic missiles and in drill bits. China provides about 85 percent of worldwide supplies.
Tungsten was one of the metals cited when U.S. President Barack Obama filed a complaint to the World Trade Organization on March 13 against Chinese supply curbs. Tungsten is a “critical” raw material, according to the European Union, and the British Geological Survey places it at the top of its supply-risk list of materials needed to maintain the U.K.’s economy and lifestyle.
“A big element of what we are doing is providing a strategic supply to companies outside of China,” Wolf Managing Director Humphrey Hale said in an interview in London. “We’re answering a requirement from the market, which is strategic supply, and prices are at a position where we can make money from that.”
Wolf is backed by Resource Capital Funds, which holds a 17 percent stake, and Traxys SA, with 9.6 percent, data compiled by Bloomberg show. Resource Capital is the largest shareholder in Molycorp Inc. (MCP), owner of the biggest U.S. rare-earth deposit. Traxys, the Luxembourg-based metals trader, also owns a stake in Molycorp.
Tungsten Prices
China has imposed export restraints on raw materials including rare earths, tungsten and molybdenum, causing worldwide supplies to plummet, sending prices higher and threatening strategic stockpiles. China is the largest supplier of 28 of the 52 elements on the Geological Survey’s risk list.
Rare earths became a political and legislative flashpoint in July 2010 when China moved to limit domestic output and slash export quotas by 40 percent, souring ties with the U.S. and Japan, where buyers cut usage after prices soared in the first half of 2011. China said on Dec. 28 it was leaving overseas sales caps for 2012 virtually unchanged.
Tungsten prices will probably stay at more than $40,000 a metric ton this year because of China’s curbs, Malaga Inc. (MLG), a producer of the metal in Peru, said in January. The price of ammonium paratungstate, the traded form of the metal, increased 32 percent in 2011 to end the year at more than $440 a metric ton, according to European price data from Metal Bulletin (MBWOEUFM). The material traded at less than $65 a ton in 2003.
Key Commodity
“Investors should really look at Tungsten,” John Meyer, an analyst at Fairfax IS Plc, said in an interview with Maryam Nemazee on Bloomberg Television’s “The Pulse” on March 28. “Demand is so far ahead of supply, I think it’s the key commodity, a strategic commodity.”
Wolf shares have fallen 21 percent in the past year, compared with the 25 percent drop in the 25-member FTSE 350 Mining Index.
Wolf’s mine will produce 3,500 tons of tungsten and 450 tons of tin a year, starting in 2015. It will cost about 120 million pounds ($190 million) to build. Wolf has raised some 55 million pounds and is in talks for an additional 15 million to 20 million pounds in a sales agreement. The balance will be sought through selling shares, Hale said.
The Devon mine, which provided material used in both World Wars, was closed in 1944 as access to overseas supplies resumed. Wolf isn’t the first company to attempt to revive it.
North American Tungsten
Amax Inc. started efforts to develop the mine in the 1970s and was granted approval for the project from Devon’s local government in 1986. Amax withdrew from the project in 1993 after falling commodity prices made progressing uneconomic.
North American Tungsten Corp. (NTC) bought Hemerdon in 1997, before disposing of the asset in 2003, discouraged by persistently low prices.
Cornwall and West Devon have been mined for more than 3,500 years, supplying the Roman Empire and materials for the U.K.’s industrial revolution, according to Unesco. By the early 19th century, the region provided two-thirds of the world’s copper and was home to about 2,000 tin mines.
Competition from Chile and Australia in the 1860s closed many of the copper mines, while the tin sites struggled to survive as increased production in Malaysia and Australia drove down prices. The region’s last tin mine, South Crofty, closed in 1998.
Francis Drake
Wolf’s mine is about 10 miles from the maritime city of Plymouth. Sir Francis Drake masterminded the defeat of the Spanish Armada in 1588 from the city and in 1620 the Pilgrims set sail for the New World from Plymouth aboard the Mayflower.
Against the backdrop of 2012 market constraints and higher prices, the mine is now an example of how Britain can provide its own security of supply, Hale said.
“The U.K. does have stuff that’s been overlooked for years,” he said. “The perception round the world is that the planning permissions will be hard, the opportunities will be small and you’ll be up against an army of green protesters. The reality is the other way round.
‘‘It’s a big resource, it’s not bijou, hobby, clotted cream and jam,” he said. “This is world class.”
To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.net
Collected by Hanns CEO/Chinatungten.com
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