The Drakelands Mine, formerly known as the Hemerdon Tungsten Mine, is located 11 kilometers (7 miles) northeast of Plymouth, Devon, England, near Plymouth. It is one of the top ten tungsten mine projects outside China. The British Geological Survey The bureau ranks it as the fourth largest tungsten and tin mine in the world.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable on the weakness both on the demand and supply sides. Now some traders are optimistic about the outlook with the support from the cost and supply sides while others still worry about the spread of coronavirus, geopolitical risks and the recovery in the industry around the world. 

China rare earth price was in the upward trend on the whole in the week began on Monday August 17, 2020 affected by the tight supply in the market. But price of dysprosium oxide and DyFe edged lower on Friday. Now both buyers and seller take a watchful stance, waiting the next move in the market. 

China molybdenum price remained stable on the whole in the week ended on Friday August 21, 2020 due to cautious sentiment of market participants. Most buyers keep reasonable inventories, waiting for new guidance from the market.

The McTung Project is the largest tungsten resource project in Canada and one of the top 10 tungsten mine projects outside China. It is an open-pit tungsten mine located in the Selwyn Mountains of eastern Yukon, Canada, on its border with the Northwest Territories, about 390km northeast of Whitehorse and about 790km west-northwest. It belongs to the skarn scheelite deposit with a large scale and high grade. The mine is one of the largest tungsten ore known but undeveloped in the world.

The Nui Phao Tungsten Polymetallic Mine is located in Dai Tu District of the Thai Nguyen Province in Vietnam, approximately 80km northwest of Hanoi by road. It is the largest tungsten mine in Vietnam and one of the top 10 tungsten mine projects outside China. The mine site is spread over an area of 9.21km², accessible by road and adjacent to a narrow-gauge railway that connects to the Vinarail railway system.

The Sisson Tungsten-Molybdenum Project is an open-pit mine, located in central New Brunswick, Canada, on the Crown land about 100 kilometers northwest of Fredericton, covering an area of more than 18,880 hectares. It is an open-pit mining project and one of the top ten tungsten mine projects outside China. Northcliff Resources and Todd Minerals are jointly developing the project under a partnership called Sisson Project Limited Partnership.

The Bakuta Tungsten Mine (Boguty) is located in the east of Almaty central city in Kazakhstan, 150 km away from Horgos Port of China's largest port in Xinjiang. The mine is a world-class super large opencast mine and one of the top ten tungsten mine projects outside China. It was developed by former Soviet experts in the late 1960s. The discovered and proven reserves are about 270,000 tons.

Analysis of latest tungsten market from Chinatungsten Online

The whole tungsten market in China continues to keep stable due to slow recovery in the demand side both at home and abroad. Now China’s tungsten associations and major domestic producers are gradually releasing their offers for the second half of August. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and cesium tungsten bronze prices in China continue to maintain stability affected by the off season and stricter environmental protection. Most insiders hold optimistic view about the outlook as China’s Ganzhou Tungsten Association (GTA) and major domestic producers expected prices for tungsten to rise in August, in line with a recent recovery in both markets.