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Chinese APT Export Prices in 2019 Dropped by 28pc from 2018

Analysis of latest tungsten market from Chinatungsten Online

The average price in 2019 for ammonium paratungstate (APT) duty unpaid Rotterdam and the Chinese APT export prices dropped by more than 28pc from 2018, according to Argus data.

Chinese domestic prices rose briefly in March on concentrate supply tightness but dropped in the second quarter on a lack of buying interest and an inventory sell-off. By July, Cemented Carbide Tips prices had fallen to their lowest since February 2017, dropping below most concentrate producers' average production cost of $1 Cemented Carbide Drill Bits 1,474/t.

Tungsten concentrate producers in December were unwilling to attract sales by cutting prices because of weak profit margins, while downstream buyers operated from stocks or made purchases on prompt demand.

Prices of tungsten products on Jan. 17, 2020

Picture of tungsten carbide powder 

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Tungsten-Molybdenum Mine Pollution Gorgeous “Transformation” in Dabaoshan

Dabaoshan is a used tungsten-molybdenum mine pollution mountain located in Shaoguan city, which is more than 1,000 meters above sea level. The 673meter elevation line contains limonite, copper, sulfur, lead-zinc ore, and tungsten-molybdenum ore, accompanied by gold, silver, tellurium, bismuth and other rare metals. Not only the metal content and variety are large, and the ore deposit is bare and easy to mine.

The earliest mining record of Dabaoshan can be traced back to the Song Dynasty in 999 AD. After being "digging" for more than a thousand years, the "retaliation" from this "Baoshan" began to be revealed year after year: It has become the main source of pollution for groundwater and downstream river water after being abandoned. The bare mountain body rich in heavy metals was gradually washed out by acidic water. The mountain was full of devastation, the grass was not growing, and landslide and mudslide Yg6 Carbide Tips occurred.

At the beginning of this century, the problem of soil contamination has aroused the attention of all parties, then soil environmental management has begun. On May 28, 2016, the State Council's "Soil Pollution Prevention Action Plan" was promulgated and implemented, including Shaoguan city and Taizhou city of Zhejiang province, Huangshi city of Hubei province, and Changde city of Hunan province as soil pollution synthesis.

The sewage treatment builds three phases of sewage clearing and diversion projects. This system can let the clear water flowing down the mountain take a line, then collect the sewage discharged from Dabaoshan and Xinshan mine, and take another line to merge into our downstream. It is understood that the two sewage treatment plants are respectively the Tungsten Carbide Round Rod 12,000 tons and 45,000 tons of Liwu mud storage external drainage treatment phase. The sewage treatment capacity can reach a total of 84,000 tons per day, under normal circumstances, all mine sewage can be collected and fully treated.

In the middle of the mountain not far from the mining area of the tungsten-molybdenum mine, there is a green artificial lake dotted with green islands, and is newly built Fandong tailings pond with an investment of 470 million yuan.

This new reservoir, which is in the downstream of the old tailings pond, has a capacity of 39.8 million cubic meters. It not only collects the wastewater from the beneficiation and washing process but also treats the wastewater from 32 abandoned folks in Fandong area. When it comes to the whole collection, this water is so clear, because after treatment, the treated water can be recycled to production in 100%, and the wastewater is cut off from the source.

The data also shows that this cross-stone water, which has been often "red-brown" for many years, has reached the surface water category II water standard. The scenery of the Fandong tailings reservoir in Dabaoshan is comparable to that of the Swiss scenic area. The soil in situ is green to make the roots green.

The projects placed in Dabaoshan are the latest scientific research achievements in the field of soil safety utilization, and help to changing the tungsten-molybdenum mine pollution mountain into a beautiful place.


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Wolf Minerals' Boss Confident of Tungsten Price Rebound

Wolf Minerals’ boss expects more casualties among rival tungsten producers unless the price of the heavy metal improves substantially, he told investors today.A number of private tungsten mines in China have shut, while another big tungsten mine in Canada, Cantung, run by North American Tungsten, was closed last month.China remains the main source of tungsten production globally but state-owned enterprises are cutting back.The tungsten price needs to recover to at least US$30,000 per tonne from around US$17,000 currently for these producers to remain profitable taper drill bit warned Russell Clark, though he’s not concerned.Wolf only opened the Drakelands mine, a £140 mln tungsten mine on the fringes of Dartmoor, Devon, in September, but he remains confident on the project’s future.“Everyone is hurting at these prices,” he said, 360 DTH hammer “but we remain comfortable that they are not sustainable.”“The silver lining,” he said, “is that while the price is what it is, you won’t see any more mines or projects coming online.”Clark reckons the price will rebound, as demand remains strong and supply is slowing down, but he’s not resting on his laurels.He said Wolf will continue to cut costs where possible once the ramp-up phase of the mine has been completed and until the market come out of “the doldrums”.When the company first commissioned the project the tungsten price was around US$35,000, rock drill bits per tonne.Shares were 3.5% higher to almost 13p.
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