Tungsten News

Tungsten News
The Revenue of XTC New Energy Exceeded 13 Billion Yuan in 2024 63

In 2024, XTC New Energy reported revenues of 13.297 billion yuan, representing a year-on-year decrease of 23.19%. The net profit attributable to the parent company stood at 497 million yuan, a year-on-year decline of 5.70%. After deducting non-recurring net profit of 450 million yuan, there was a year-on-year decrease of 3.36%. The basic earnings per share was 1.18 yuan, showing a year-on-year decrease of 5.60%. At the end of the reporting period, total assets reached 14.695 billion yuan, registering a…

Tungsten News
Beijing University of Technology Overcomes the Problem of Recycling Tungsten and Molybdenum from Waste FCC Catalysts 45

Researchers from Beijing University of Technology have developed an innovative process for efficiently recovering tungsten (W) and molybdenum (Mo) from waste fluid catalytic cracking (FCC) catalysts. The proposed method, termed “oxidative roasting-alkali roasting-wet ball milling leaching,” offers a dual benefit: it significantly enhances the extraction efficiency of these valuable metals while minimizing waste liquid and gas emissions, achieving a balance between resource recovery and environmental sustainability. FCC catalysts are crucial in petroleum refining, particularly in the catalytic cracking process. They…

Tungsten News
USDOC Preliminary Affirmative AD Determination on Tungsten Shot from China 45

According to the announcement by the International Trade Administration (ITA) of the United States, on February 13, 2025, the U.S. Department of Commerce (Commerce, USDOC) announced its preliminary affirmative determination in the antidumping duty (AD) investigation of certain tungsten shot from the People’s Republic of China (China). USDOC is also conducting a concurrent countervailing duty (CVD) investigation of certain tungsten shot from China. Preliminary Dumping Rates: 201.32% (except for one unit with a rate of 183.31%) Case Calendar Event AD…

Tungsten News
Insufficient Tungsten Ore Supply and Weak Alloy Demand 33

Analysis of latest tungsten market from Chinatungsten Online The tungsten market is characterized by a strong stalemate atmosphere. This is due to the insufficient elasticity of tungsten ore supply and limited purchasing demand from consumers. Fundamentals in the market remain in a continuous battle between bulls and bears. Coupled with the uncertain impacts of global geopolitical risks and trade barriers on the macro front, operators are cautious in their trading sentiments, maintaining a stalemate and stability in market conditions. The…

Tungsten News
Jiangxi Tungsten Concentrate Price Remained the Same in January 2025 64

Recently, the official website of the Jiangxi Provincial Development and Reform Commission showed that the average price of 65 kinds of daily necessities included in the monitoring catalogue in Jiangxi increased by 40, decreased by 18, and remained unchanged by 7. Among them, the price of tungsten concentrate in industrial production materials remained unchanged, the price of rare earth remained unchanged, the price of steel fell more than it rose, and the price of copper rose slightly. In terms of…

Tungsten News
Transfer of Detailed Exploration Rights for Xujiajian W-Sn Mine, Jiangxi 47

According to the announcement of the Jiangxi Provincial Natural Resources Department, the Second Geological Brigade of Jiangxi Geological Bureau has transferred the detailed exploration rights for the Xujiajian W-Sn Mine in Fuliang County, Jiangxi Province, with a transfer price of RMB 0. It is reported that the mine has achieved certain exploration results. In 2005, the Northwest Jiangxi Geological Brigade conducted a general survey of tin (tungsten) mines in the peripheral Bazinao mining area and carried out a small number…

Tungsten News
Prices of Tungsten Carbide Powder and Cobalt Powder Decline 54

Analysis of latest tungsten market from Chinatungsten Online The tungsten market exhibited a weak but stable trend on Monday, as demand was sluggish, impacting business sentiment. Tungsten raw material prices were under pressure and showed signs of easing. However, due to limited increases in tungsten ore supply, businesses were cautious in adjusting prices, resulting in only minor declines in the market. Participants were awaiting directional news from the industry and macroeconomic risks. The price of 65% black tungsten concentrate was…

Tungsten News
Why Does China Implement Export Controls on Tungsten Alloy? 88

On February 4, 2025, the Ministry of Commerce announced its decision to implement export controls on tungsten-related items, including tungsten alloy, tungsten-copper alloy, tungsten-silver alloy, tungsten-nickel-iron alloy, tungsten-nickel-copper alloy, etc., with specific characteristics or dimensions. Additionally, according to the “Export Control List of Dual-Use Items of the People’s Republic of China,” products such as tungsten-rhenium alloy (with a combined content of rhenium and tungsten of 90% or more) are also included in the export control list. So, why does China…

Tungsten News
Price Reduction for Tungsten Concentrate and Tungsten Powder 65

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices experienced a slight decrease this week. Firstly, as the market resumption rate gradually increases, demand has not significantly risen, leading to a weakening of price support due to tight raw material supplies. Secondly, minor reductions in tungsten raw material quotes from large tungsten enterprises further affected traders’ confidence. The current tungsten market is characterized by intense competition, with significant support for the market still coming from tight supplies and high…

Tungsten News
Why Does China Implement Export Controls on Tungsten Carbide? 111

On February 4, 2025, China’s Ministry of Commerce, jointly with the General Administration of Customs, issued an announcement on the implementation of export controls on tungsten and related items, including tungsten carbide (not controlled under item 1C226). Why does China implement export controls on tungsten carbide? I. Tungsten Carbide: A True “Industrial Tooth” Tungsten carbide, a compound composed of tungsten and carbon with the molecular formula WC, plays a crucial role in the industrial sector due to its excellent physical…

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