|Thanks for sharing that Terropol.|
|A friend in the tungsten industry tells me some mines to be closed in China due to pollution....but before they close loads of pour quality tungsten is been dumped in the market. That could be the reason why prices have not started to recover yet....
When all that gets used up we should start to see a new dawn...
and just in time for our production hopefully.|
|Agreed and expecting slow movement for APT in the right direction. This could move faster though if there's friction between the US and China.|
|Well lets hope the tungsten apt price moves up soon because orm's share price has just declined a little bit more.|
|Mentioned a while back that I follow companies such as HDD (a tungsten carbide producer) for updates around the Tungsten market.
This is copied from most recent RNS
Hardide is starting to see an upturn in activity from its oil and gas customers. This follows the recent OPEC deal on cutting output, which has raised the oil price and resulted in an increasing number of North American drilling rigs being brought back into production. Our new development with a major producer of hydraulic fracturing tools is progressing well and we have seen a recent increase in demand from this customer as well as from our more-established customers.
"We are also seeing regular demand from the manufacturer of advanced baggage-scanners where our components are integral to the machine's functionality.
"Our aerospace developments are progressing to plan, with multiple applications now in test programmes across a range of customers. A number of high-volume components are currently in discussion with Airbus. We expect to be able to provide more news on this over the coming months.
"The new Hardide facility in the US is producing consistently-excellent product and for our high-volume North American customers.
"The board is monitoring closely developments in its target markets and remains confident about the medium- and long-term prospects for the company.|
|Should be due an operations update before the end of the month if previous years pattern is followed.|
|Waiting on this to move in the right direction is beginning to feel like waiting for something that isn't going to happen.|
|Yes indeed, thanks for the info Steel, good to get this on a regular basis, appreciate it.
|Many thanks for the update steelwatch.|
Tungsten - APT European prices $196-205/mtu vs $194-200/mtu|
Tungsten - APT European prices $194-200/mtu vs $$191-200/mtu|
|DALLAS, TEXAS, UNITED STATES, January 30, 2017 /EINPresswire.com/ -- A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global tungsten market on the basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).
Global Tungsten Market is forecasted to grow at a CAGR of 4.25% during 2016 – 2021. Strong growth in tungsten market is driven by the surging demand for downstream tungsten products in varied end-user sectors including automotive, industrial engineering, energy, and aviation. Apart from that, the uncovering of the wide range of applications in allied industries like medical, defense and electric and electronic, has been impelling growth in the tungsten market.
Although, hard metals hold the major percentage share in the total tungsten market in the present, consumption of tungsten for mill products is projected to display a faster growth in the future owing to the increasing application in high growth electronic and construction industries. Regionally, tungsten demand growth is likely to be the fastest in the Asia Pacific region against the backdrop of economic growth in emerging markets. Developed regions of North America and Europe are expected to display a steady paced growth, mainly due to high expenditure in automotive and engineering sectors.
According to Azoth Analytics research report, Global Tungsten Market (By End-Use Application, By End-User Industries, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021), market is projected to exhibit a CAGR of 4.25% during 2016 - 2021. Global Tungsten Market has been segmented on basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).
|Less competition for ORM - at least for a while
"Tungsten explorer Kemin Resources (KEM) was one of the biggest small cap fallers after it stopped work on both of its licenses until the Kazakhstan authorities provided approval." According to Sippdeal 30/1/17.
Also tungsten price seems to have increased recently. All good news I reckon.|
|Tungsten - APT European prices $191-200/mtu vs $187-198/mtu - Putin orders the resumption of tungsten production (Investor Intel)
Vladimir Putin has decreed that tungsten production should resume in Russia to ensure its regular supply for domestic industrial production.
Production will restart at the Tyrnyauz tungsten-molybdenum plant at Kabardino-Balkaria in southern Russia.
The capital cost of the restart is estimated to be around US$250m for 1mtpa of ore
The Tyrnyauz field contains around 360mt of ore reserves and previously had a process plant capacity of 6.6mt.
Another Russian miner has also announced plans to invest around $60m in a tungsten project in Buryatia to produce some 2,800tpa of tungsten concentrates.
Strategically we wonder if Russia is concerned about more sanctions from Trump or China restricting the market for this strategic metal. Tungsten is important as a military metal due to its high strength.|
|Thanks Steelwatch. - Every little helps ...|
|A sign maybe?
Tungsten - APT European prices $191-200/mtu vs $187-198/mtu|
|Looks China going to spend $115 billion on new railways... And loads of new stations.... all helps.|
|Recent article on Bloomberg stating that optimism in the Oil and Gas sector is now at its highest level in the last 2 1/2 years.Provided OPEC + non opec nations can hold it together then the price of oil should climb above 60$ in 2017, perhaps even breach 70 $.That's not to say 2017 will see a explosion of activity in exploration and drilling (which uses tungsten) but the oil companies should recommence capital spending in 2018.Existing oil fields continue to decline every year, global oil demand has so far held up so new projects will have to started if a major oil crunch is to averted in the next 5 years.Provided nothing else happens (WWIII, or some nation getting trumped), Ormonde could be coming stream just when demand starts to seriously ramp up.Here's hoping!|
|Tungsten outlook 2017
Looking ahead to 2017, a price recovery and increase in demand appears to be in the cards for the tungsten market, particularly in China. Metal Bulletin projects tungsten concentrate prices in China to sit between 75,000 and 80,000 yuan per ton in 2017–which is higher than the 2016 average.
In the publication, Zhu Xiusheng, chief advisor at Ganzhou Grand Sea W&Mo Group said, “The market still has a lot of inventory, like the stocks bought by the state-owned assets supervision and administration commission of the State Council (SASAC), as well as the stocks at Minmetals and Fanya; costs of all these cargoes are high, some even higher than 90,000 yuan [per tonne].
That said, Almonty Industries (TSXV:AII) announced in November that it had entered into a number of one-year fixed prices for tungsten concentrate for $210 MTU, which are effective as of January 1, 2017.
Lewis Black, president and CEO of Almonty Industries appeared hopeful about the industry moving towards a fixed price.
“We fully expect the rest of the industry to move to a negotiated fixed price contract environment due to the continued limited availability of tungsten concentrate in the spot market and the ongoing illiquidity of the current pricing mechanisms,” he said in the release.
While it seems as though a price recovery is in the works for the tungsten market, it may take some time to come into play.
As noted by PR Newswire, “the intrinsic importance of tungsten to industrial applications will ensure that the sector recovers, however; it is a question of not if, but when.”
That said, investors will have to wait and see for themselves how the market unfolds in 2017.|
|Tried to post just there but lost it somehow. Was wondering why the new application by the car and motorbike industry to mix chrome with tungsten has NT happened.that would be a huge help to the price of tungsten|
|I agree no sense in producing unless there is a profit and better to wait until margins are higher. The time frame to next December may not be enough to see the market change so more patience required but probably the safest route. Given the flexibility between the partners there may even be scope for this to change again should the tungsten picture show rapid improvement.
The crude oil price vs new project investment is an interesting area to look at. A guide figure for significant new project work seems to be around $70, so expect some change in tungsten should oil improve further.
Another area to monitor is specialist manufacturers of tungsten based products, these also help gauge pricing direction.
I have been watching Hardide HDD they produce tungsten Carbide Coatings. Demand in aerospace and precision engineering markets seems to be improving whilst oil and gas activity is low but shows signs of recovery. I'm not invested just watching for their tungsten Market commentary.The current share price is low as would be expected.
Below is a recent article on minor metals reviewing 2016 and giving some forward commentary on 2017. There is a section on Tungsten if interested. Unfortunately I can never post the links properly, but worth a quick look between Christmas drinks.
So again have a great time over the holidays !|
|Indeed why produce at a loss, unless one wants to rack up more debt?Mixed bag here, but positive in that the land issue is sorted, there is obviously flexibility in the joint venture again also positive.Tungsten is moving up, as is oil prices but there is a lag between crude oil prices and new projects commencing. I think 2017 will see the lowest number of capital spending in the energy industry in a decade or more.Happy Christmas to one and all, may you all have a pleasant and memorable time with family and friends!|
|No point producing at a price that gives no profit to the company...why produce for nothing?
Better to wait a bit longer to see better prices.
Merry Christmas to all on here.|
|I suppose it was inevitable given the tungsten price weakness so the asset stays in the ground a bit longer! Ba Humbug!|
|Disappointing news today, but fully understandable in the current price environment. This time the year after next then Rodney!