Tungsten price steady, but lack of equity hits mines
Fri, Oct 3, 2008
Tungsten Investing News reports The Haywood Tungsten Industry Report mentions the global demand for tungsten will increase 125, 000 tonnes per year.
China is a recent net importer of Tungsten; and the largest producer of the metal on a global scale. The western world produces only a marginal supply, and is still reliant on China to supplement their needs. The increase in Chinese domestic demand threatens the stability of supply to the western world. The tungsten price has held steady this year; however, tungsten companies are seeing a decline in their share value.
For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on to the Resource Investing Newsletter.
Tags: commodities, exploration, haywood securities, investment, market fundamentals, metals, miners, mining, molybdenum, new mines, tight market, tungsten, Tungsten Companies, tungsten exports, Tungsten Market News, tungsten metal, tungsten oxide, tungsten scrap, wolfram
Leave a Reply