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Bullboard - Stock Discussion Forum Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining... see more

TSX:AII - Post Discussion

Almonty Industries Inc > China Imports And Exports APT ?
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Post by 5ilverlining808 on Mar 13, 2022 10:38am

China Imports And Exports APT ?

July 15 2020.
This is a bit of a confusing backflip, due to China being the top dog for Tungsten mining, but importing APT from other countries, then exporting back ?
Do they have a process problem ?
Stuffed if I know..

Excerpt :-


"China's imported tungsten products are mainly concentrated in tungsten concentrate, or among the main tungsten products, the only net imported product is tungsten concentrate.

China imported 2846 tons of tungsten concentrate in 2019, a sharp decrease of 57 per cent compared with 2018.

From January to May 2020, China imported 191 tons of tungsten concentrate, a sharp decrease of 84% compared with the same period last year. Of course, we can understand that it is affected by epidemic factors.

China generally imports tungsten concentrate from North Korea, Russia, Mongolia, Rwanda and other countries.

In 2019, 77% of China's total tungsten concentrate imports came from North Korea and 12% from Mongolia. In the first five months of this year, the proportion changed, with 52% from North Korea, 32% from Russia and 10% from Rwanda. The proportion of North Korea and Mongolia has declined, while that of Russia and Rwanda has increased."

https://news.metal.com/newscontent/101201642/hu-yan-tungsten-summit-smm-tungsten-price-savings-upward-in-july-kinetic-energy-is-expected-to-rise-in-the-second-half-of-the-year

Comment by 5ilverlining808 on Mar 13, 2022 10:47am
Maybe they just own all the other mines in these countries? But North Korea seems very strange.
Comment by QuarterDollar on Mar 13, 2022 1:37pm
I was aware of China importing and exporting tungsten but never really looked into it. I will admit it did puzzle me, but I forgot to look into it further.... China exports the raw ore and imports the concentrate, so yes it appears China has a processing problem or do they.... We know that it takes enormous amount of energy to convert tungsten to APT. Perhaps China doesn't have the ...more  
Comment by QuarterDollar on Mar 13, 2022 2:59pm
That article was a very interesting read....Thanks for Sharing. My previous comments were based upon what little I know... But it appears that revenue from tungsten for China directly feeds into their Government fiscal policy, so profits are essential.  As for China importing tungsten, I think that is political whereby China is providing revenue for those countries and is most ...more  
Comment by 5ilverlining808 on Mar 14, 2022 12:55pm
This is the most comprehensive PDF you will ever read on mineral processing which I have just read. This is my life in 125 pages. A few parts are new to me, but the rest is a great memory of past projects. Feel free to ask for further clarification at any time. https://www.vssut.ac.in/lecture_notes/lecture1425073506.pdf
Comment by QuarterDollar on Mar 14, 2022 2:03pm
AWESOME....... if computers didn't take up my life, I pretty sure I would be doing what you did, or get into geo engineering and investing. I wish I knew when I was younger what I know now.
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