Tungsten

As of today, the SEC has received 3,848 conflict minerals compliance forms from major manufacturers. We recently caught up with Lawrence Heim, our resident expert on all things conflict minerals and asked him to share with us some of his initial impressions based on his analysis of 110+ filings.

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The short version: Caterpillar went the extra mile and many steel producers may not have even met the reporting requirements because of a lack of information, ArcelorMittal and US Steel included.

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What a difference a year makes. From the depths of despond in March 2013, when Reuters was reporting that tungsten demand had collapsed in Europe and prices could slide further, we are now seeing a raft of new mine projects being mooted for production in Europe, stimulated in part due to worries about constrained supply […]

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Last week, the European Union proposed conflict minerals legislation wildly different than what US manufacturers must currently comply with, calling for voluntary participation from importers only. And yet the proposed EU legislation sees the pinch-point where it exists – at the smelter level. “Focusing efforts at the root of the issue – material going into smelters and refiners – […]

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1. Ben There, Done That We’ll lead with perhaps the biggest economic news of the month – that Ben Bernanke and the US Federal Reserve shook things up by….doing nothing. Essentially, the Fed said it would continue its QE ways, buying $85 billion worth of treasury and mortgage bonds and keeping the federal funds rate […]

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I won’t profess any expertise in the field of mergers and acquisitions (of course, that won’t stop me from commenting). But the metals industry offers great examples of some textbook cases as to why companies merge, including the recent merger of Kennametal and ATI’s Tungsten Materials business. The merger of Namasco and Macsteel back in […]

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Tungsten is one of those solid industrial metals that largely passed the media and investment communities right on by. As we wrote back in June, it can be likened in some ways to the rare earth metals market, in that production and reserves are dominated by the Chinese; and like REEs, Chinese exports are strictly limited by […]

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Wow, we bet US companies such as Apple Inc. sure are glad the SEC’s Conflict Minerals Law doesn’t cover Colombia. That’s because a recent Bloomberg article uncovered illegal tungsten mining in Colombia that supports that country’s terrorist group FARC and its efforts – much like tin, tungsten, tantalum and gold support the Democratic Republic of […]

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Companies in the tungsten supply chain are abuzz over a recently announced joint venture that could drastically change the tungsten supply landscape. This amidst the past week or so, which generated several big metals news stories including skyrocketing rare earth metal prices, the ongoing LME aluminum warehouse story and our own unique coverage examining how producers […]

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Not so long ago, we took the proverbial pen to paper and declared the rare earths market a bubble. MetalMiner readers know that we did that well in advance of the bubble actually popping, which it horrifically did over these past 18 months. (Just read our latest monthly metal price report to see.) So when […]

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Life seems hard for junior miners.  Banks appear risk averse when it comes to mining projects dependent on volatile commodity prices. Meanwhile, mining costs continue to rise just as many commodity prices have fallen. Arguably the more diverse the end uses for the metal mined, the better the chances of securing funding. Metals dependent on […]

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