$TUNG .0012 HUGE RECENT NEWS IN ITS INDUSTRY BEING OVERLOOKED. This could be a game breaker for TUNG and these OVERSOLD PRICES could be history soon. THERE ARE only 5 Tungsten mines outside of China and Russia in the world: TUNG IS 1 OF THEM. With this recent news it could potentially increase the value of TUNG mines 10 fold!
SHANGHAI, Jan 29 (Reuters) - China is urging the country's top six rare earth companies to consolidate all miners and processors in the sector by the end of this year, a move which is expected to push up prices.
China is responsible for more than 90 percent of global rare earth production, giving it a chokehold over the supply of a group of elements used in sectors such as defence and renewable energy.
China's six biggest rare earth groups must submit timetables for the restructuring, and will be subject to government inspections on a seasonal basis, the Ministry of Industry and Information Technology(MIIT) said in a statement on its website.
The country is searching for new ways to strengthen its pricing power over rare earth metals following its failure to overturn a judgment by the World Trade Organisation (WTO) last year which branded the country's export tariff and quota system as discriminatory.
China's commerce ministry decided at the end of last year to abolish the quota system on rare earths as well as tungsten and molybdenum, and it said last week that it would remove taxes on rare earth exports from May. [ID:nL4N0V11L5]
Bringing output under the control of major state-led groups will help it regulate the sector and serve its campaign to eliminate illegal production and smuggling.
The consolidation is expected to improve market order, reduce rare earth supply and push up prices of the metal in the future, official Shanghai Securities News reported on Thursday, citing people in the industry.
(Reporting by Samuel Shen and David Stanway; Editing by Michael Perry)
((samuel.shen@thomsonreuters.com; +86 21 6104 1789; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))
Keywords: CHINA RAREEARTH/
http://www.metal.com/newscontent/69451_china-...y-year-end
China’s new blueprint for rare earth control to reduce reduce supply Could mean a BIG ADVANTAGE for $TUNG.
Posted on January 29, 2015 by Hongpo Shen
The Chinese government has recently cancelled the export quotas on rare earth, tungsten and molybdenum, and it said last week that it would remove taxes on rare earth exports in May of this year.
- See more at: http://investorintel.com/rare-earth-intel/chinas-new-blueprint-rare-earth-control-reduce-supply/#sthash.IGb0zn59.dpuf
Hummm, could create a shortage in world supply. Good for us.
Quotes Copied from,
Today's Market View Including Nyota Minerals, Rambler Metals & Mining, Weatherly International, Wolf Minerals Limited and others
By SP Angel
January 30 2015, 11:33am
Quote:Rare Earth Elements (REEs): - China’s new ‘Strict export license’ system looks is likely to continue to restrict exports of REEs and other industrial minerals.
Quote:Rusal estimates the market to have recorded a deficit ex-China last year on the back of strong demand and smelters remaining consistent with their previous decision to shed production capacities.
SHANGHAI, Jan 29 (Reuters) - China is urging the country's top six rare earth companies to consolidate all miners and processors in the sector by the end of this year, a move which is expected to push up prices.
China is responsible for more than 90 percent of global rare earth production, giving it a chokehold over the supply of a group of elements used in sectors such as defence and renewable energy.
China's six biggest rare earth groups must submit timetables for the restructuring, and will be subject to government inspections on a seasonal basis, the Ministry of Industry and Information Technology(MIIT) said in a statement on its website.
The country is searching for new ways to strengthen its pricing power over rare earth metals following its failure to overturn a judgment by the World Trade Organisation (WTO) last year which branded the country's export tariff and quota system as discriminatory.
China's commerce ministry decided at the end of last year to abolish the quota system on rare earths as well as tungsten and molybdenum, and it said last week that it would remove taxes on rare earth exports from May. [ID:nL4N0V11L5]
Bringing output under the control of major state-led groups will help it regulate the sector and serve its campaign to eliminate illegal production and smuggling.
The consolidation is expected to improve market order, reduce rare earth supply and push up prices of the metal in the future, official Shanghai Securities News reported on Thursday, citing people in the industry.
(Reporting by Samuel Shen and David Stanway; Editing by Michael Perry)
((samuel.shen@thomsonreuters.com; +86 21 6104 1789; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))
Keywords: CHINA RAREEARTH/
http://www.metal.com/newscontent/69451_china-...y-year-end
China’s new blueprint for rare earth control to reduce reduce supply Could mean a BIG ADVANTAGE for $TUNG.
Posted on January 29, 2015 by Hongpo Shen
The Chinese government has recently cancelled the export quotas on rare earth, tungsten and molybdenum, and it said last week that it would remove taxes on rare earth exports in May of this year.
- See more at: http://investorintel.com/rare-earth-intel/chinas-new-blueprint-rare-earth-control-reduce-supply/#sthash.IGb0zn59.dpuf
Hummm, could create a shortage in world supply. Good for us.
Quotes Copied from,
Today's Market View Including Nyota Minerals, Rambler Metals & Mining, Weatherly International, Wolf Minerals Limited and others
By SP Angel
January 30 2015, 11:33am
Quote:Rare Earth Elements (REEs): - China’s new ‘Strict export license’ system looks is likely to continue to restrict exports of REEs and other industrial minerals.
Quote:Rusal estimates the market to have recorded a deficit ex-China last year on the back of strong demand and smelters remaining consistent with their previous decision to shed production capacities.
