traders are afraid to purchase tungsten

Tungsten wire Market procurement needs too thinly traded, temporarily stabilize the market today. According to sources, Minmetals last weekend asking the next miner inventory, consulted the next single, but in the meantime and not out of the acquisition plan, the latter will continue purchasing and storage is not clear.
According to research, at present more than 60 degrees wool wolframite ore price 1.78 yuan / kWh nearby and procurement needs less; business confidence, traders are afraid to purchase tungsten, fearing heart harder shots. And due to lack of demand and financial pressure, cash transactions of small quantities of tungsten, the price even lower than the gross price is also mine.
According to the analysis is expected this week, Minmetals if not taken any purchasing and storage plan, or tungsten concentrate prices this week due to lack of demand for support and fell again.Public information, Keli America's four major shareholding structure as follows: Chinese shareholder is Corun (40% shareholding) and Changshu, a local venture capital firm (holding 10%), Japanese foreign shareholders of PEVE (holding 41%), Toyota China (holding 5%) and Toyota Tsusho (holding 4%). The major shareholder of PEVE for Toyota. This means that Toyota is the largest shareholder Keli America PEVE the actual controller.
National Development and Reform Commission and Ministry of Commerce jointly issued last year, "Foreign Investment Industrial Guidance Catalogue" shows that foreign investment in the energy in batteries and other key components of new energy vehicles equity ratio can not exceed 50%, of which battery is designated as "critical zero parts. "
There are rare insiders believe that Toyota chose a joint venture with Corun, ulterior motives, but through CORUN continually get more numerous, cheaper rare earths. If the investment here in Baotou Rare Earth, the degree of concern would be too high.
Although Japan and several countries to seek cooperation in earth, but in Japan through various channels into China rare earth industry chain moves, showing the dependence on Chinese rare earth in Japan is still more serious.
According to Japanese media reports, January-April 2013, Japan's rare earth imports increased by 19% compared with the same period last year, reaching 4,300 tons. Among them, the domestic rare earth 63% over the previous year increased 11 percent.
Baotou Steel Rare Earth Group Hi-Tech Co. General Manager Zhang told reporters that in the light rare earth products worldwide oversupply situation, especially rare earth lanthanum, cerium product market competition intensified, resulting in the rapid reduction of rare earth product margins small, foreign rare earth project has been in trouble. Future supply of light rare earth in China is difficult to return to the era, and China Rare Earth as a unique resource advantages, can still maintain a fairly long-term competitiveness and market discourse.