A renowned manufacturer of high-quality custom crankshafts and connecting rods for veteran, vintage, classic and modern vehicles has received more than $660,000 of investment as it enjoys new ownership. Related Articles – Corvette Hall of Fame Inducts 2024 Members – Bear Grylls to Keynote 2024 SEMA Show – NPR of America Adds Two Aftermarket Specialists

Tungsten is found in nature in the form of ore. China holds over half of the world's reserves and produces more than three-quarters of the globally extracted ore[1]. However, China is a net importer of ores to meet its high demand. Rwanda is the leading global exporter of tungsten ores, followed by Russia, Bolivia, and Australia. In Europe, Spain and Portugal are among the main producers and exporters.

Tungsten is a metal in which China has an undisputed position of strength. China not only holds the largest global reserves of tungsten ores but is also the leader in the production of all tungsten-based compounds. Consequently, the prices of various materials in the tungsten production cycle are primarily determined by the Chinese market, thus influencing prices in all other industrial areas worldwide.

China is the world's leading exporter of tungsten carbides. The global supply of carbides is relatively diversified, with significant contributions from European countries like Austria and the Czech Republic. The top five exporting countries account for just over 70% of the global trade in carbides, compared to 95% for tungstates. Tungsten carbides are particularly important as they represent 65% of global tungsten consumption. They are used for manufacturing metalworking and rock drilling tools, where their high abrasion resistance is crucial for all mechanical parts subject to wear[4].

Pastrana, known worldwide for his extraordinary achievements in motorsports and daredevil stunts, will participate in a live Q&A session hosted by Ralph Sheheen, offering attendees a unique opportunity to hear from one of the most dynamic personalities in sports.

“Mike and his team at Mitsubishi Materials play an instrumental role at RYMS (Roush Yates Manufacturing Solutions),” commented Mitch Miller, vp manufacturing of Roush Yates Manufacturing Solutions. “As we expanded into our 88,000 sq. ft. CNC facility, we were able to scale up production and flexibility for new projects being included from the aerospace and defense industries. We rely on Mitsubishi Materials to deliver world-class cutting tools to meet our needs and ensure that we are optimizing our machining processes. This is essential for our growth and sustainability in today’s business, where product, precision, quality, and delivery are critical.”

The world’s quickest street cars will converge on Florida and Georgia for the Super Bowl of drag-and-drive from Monday, January 27 to Saturday, February 1, 2025. Voted Best Motorsports Race by USA Today for 2024 and Drag Illustrated Event of the Year 2023, Sick Week is the ultimate street car battleground. Related Articles – Lubrication

Given this market structure, Chinese export prices of tungstates influence price dynamics in the EU. The following graph shows the EU customs price of tungstates and the Chinese export prices of ammonium paratungstate and ammonium metatungstate[3].

Image

Since RYE has the capabilities to machine a vast variety of materials from steel and aluminum to titanium and various composite materials, RYE relies heavily on Mitsubishi Materials’ premier cutting-tools. They leverage a large array of indexable and solid carbide cutting tools including; tuning, milling, drilling, and solid carbide endmills. “Mike and his team at Mitsubishi Materials play an instrumental role at RYMS (Roush Yates Manufacturing Solutions),” commented Mitch Miller, vp manufacturing of Roush Yates Manufacturing Solutions. “As we expanded into our 88,000 sq. ft. CNC facility, we were able to scale up production and flexibility for new projects being included from the aerospace and defense industries. We rely on Mitsubishi Materials to deliver world-class cutting tools to meet our needs and ensure that we are optimizing our machining processes. This is essential for our growth and sustainability in today’s business, where product, precision, quality, and delivery are critical.” “To Mike and the entire team at Mitsubishi Materials, thank you for your continued support and shared passion for delivering the best products over the years,” said Doug Yates, president and CEO of Roush Yates Engines. “We look forward to the next chapter of our partnership with Mitsubishi Materials and MTEC.” “To Doug and the entire team at Roush Yates Engines we are grateful for such a great partnership and asset to our company especially since we opened our MTEC facility in Mooresville, NC,” noted Mike Pace, executive director – marketing, engineering, business development – cutting tools for Mitsubishi Materials U.S.A. “We push each other to be first in class in our respective industry and we look forward to this partnership extension.”

This article is reserved for users registered on the PricePedia platform. To continue reading the article, access or register for free to the platform.

Tungsten is a metal with very special properties. It has the highest melting point of all pure metals (over 3,000 degrees Celsius), making it particularly useful for producing heat-resistant metal alloys, used in applications such as rocket nozzles and turbines. Additionally, when combined with carbon, it forms tungsten carbide, a material with a hardness close to that of diamond. This hardness is essential for the production of cutting tools, drills, and other equipment used in metalworking and rock drilling.

Published by Luca Sazzini. July 22, 2024 .

“To Doug and the entire team at Roush Yates Engines we are grateful for such a great partnership and asset to our company especially since we opened our MTEC facility in Mooresville, NC,” noted Mike Pace, executive director – marketing, engineering, business development – cutting tools for Mitsubishi Materials U.S.A. “We push each other to be first in class in our respective industry and we look forward to this partnership extension.”

Roush Yates Engines announced a multi-year partnership extension agreement with Mitsubishi Materials U.S.A. Mitsubishi Materials will continue to be the official CNC tooling supplier of Roush Yates Engines and Roush Yates Manufacturing Solutions. Related Articles - Sick Week Announces Track List and Entry Dates - The 2024 Winners of the NTPA Hot Shot’s Secret Challenge - Ford’s Mustang GTD Makes 815 HP Mitsubishi Materials U.S.A. has long been an industry leader in the cutting tool industry. They have expanded and opened a brand new 33,000 sq. ft. world-class Machining Technology and Education Center (MTEC) in Mooresville, NC. With this facilities’ increased size and capabilities of training, customer process analysis, tooling evaluation, and complete process improvement analysis, MTEC is able to reach and assist more customers and machinists in the Machining Industry today. “Mitsubishi Materials and MTEC is critical to the machining of our high-performance engine components as well as our diversity into other industries,” said Todd English, vp strategic partnerships and marketing of Roush Yates Engines. “We have over 50 state-of-the-art CNC machines at Roush Yates Manufacturing Solutions and we rely on Mitsubishi Materials products and expertise to help us reduce cycle time and tool wear while machining tight tolerances. In addition, their training facility is first class. Our machinists have been able to receive personalized training on new tooling, techniques, and leverage their collective knowledge when working on projects. We look forward to growing our partnership with Mitsubishi Materials and internal growth in order to meet the demands of the marketplace today and as well as innovating for the future.” Since RYE has the capabilities to machine a vast variety of materials from steel and aluminum to titanium and various composite materials, RYE relies heavily on Mitsubishi Materials’ premier cutting-tools. They leverage a large array of indexable and solid carbide cutting tools including; tuning, milling, drilling, and solid carbide endmills. “Mike and his team at Mitsubishi Materials play an instrumental role at RYMS (Roush Yates Manufacturing Solutions),” commented Mitch Miller, vp manufacturing of Roush Yates Manufacturing Solutions. “As we expanded into our 88,000 sq. ft. CNC facility, we were able to scale up production and flexibility for new projects being included from the aerospace and defense industries. We rely on Mitsubishi Materials to deliver world-class cutting tools to meet our needs and ensure that we are optimizing our machining processes. This is essential for our growth and sustainability in today’s business, where product, precision, quality, and delivery are critical.” “To Mike and the entire team at Mitsubishi Materials, thank you for your continued support and shared passion for delivering the best products over the years,” said Doug Yates, president and CEO of Roush Yates Engines. “We look forward to the next chapter of our partnership with Mitsubishi Materials and MTEC.” “To Doug and the entire team at Roush Yates Engines we are grateful for such a great partnership and asset to our company especially since we opened our MTEC facility in Mooresville, NC,” noted Mike Pace, executive director – marketing, engineering, business development – cutting tools for Mitsubishi Materials U.S.A. “We push each other to be first in class in our respective industry and we look forward to this partnership extension.”

Published by Luigi Bidoia. June 10, 2024 .

Mitsubishi Materials U.S.A. has long been an industry leader in the cutting tool industry. They have expanded and opened a brand new 33,000 sq. ft. world-class Machining Technology and Education Center (MTEC) in Mooresville, NC. With this facilities’ increased size and capabilities of training, customer process analysis, tooling evaluation, and complete process improvement analysis, MTEC is able to reach and assist more customers and machinists in the Machining Industry today.

The graph shows the EU customs prices for tungsten oxides and hydroxides, compared with Chinese export prices of tungsten trioxide and other oxides and hydroxides. It is evident that the three series move similarly. Additionally, statistical analysis indicates a trend where Chinese prices precede EU price movements by two months.

The analysis of the price dynamics highlights how the price of tungstates influences the prices of other products, including scrap. The effect of the Chinese market in determining global prices of tungstates and tungsten oxides and hydroxides is reflected in the prices of tungsten carbides in Europe.

The initial processing of tungsten ores produces sodium tungstate, which is then converted into ammonium paratungstate and ammonium metatungstate. These compounds are collectively known as tungstates. Global production of tungstates is highly concentrated, with China, Taiwan, and Vietnam representing over 80% of world trade, making this commodity one of the critical raw materials for the European Union[2].

Image

Expectations of strong increases in copper consumption support future prices, but weak demand reduces spot ones [ Read all ]

Tungsten carbides are essential for providing hardness and abrasion resistance to metallurgical alloys. The global supply of carbides is relatively diversified. However, prices in the EU market are strongly linked to the supply and demand conditions in the Chinese markets for tungstates and tungsten oxides and hydroxides. In the EU market, the price of carbides reflects the costs of tungstates and oxides. Thus, the price formation in the EU market depends on what happens in China, not only for products where China has a strong leadership position but also for derived products.

Image

Motorsports icon Travis Pastrana will kick off the largest three days in the motorsports industry as the headline guest at PRI.

“To Mike and the entire team at Mitsubishi Materials, thank you for your continued support and shared passion for delivering the best products over the years,” said Doug Yates, president and CEO of Roush Yates Engines. “We look forward to the next chapter of our partnership with Mitsubishi Materials and MTEC.”

For market analysis purposes, it is useful to distinguish metals into three different clusters [ Read all ]

Last weekend, the National Corvette Museum inducted its 2024 Corvette Hall of Fame members in a moving, heartfelt ceremony. The full ceremony can be watched here. Related Articles – Armless Archer Matt Stutzman Wins Paralympic Gold in Archery – Speedway Motors Continues Title Sponsorship of IMCA Super Nationals – Melling Performance and Elite Motorsports Announce Honorary

Lucas Oil’s Forrest Lucas recognized for decades of contributions to drag racing and the racing community at large.

The graph also shows the price of tungsten scrap, whose importance as a substitute for ores, as a source of tungsten, has increased in this century, reaching 35%. Tungsten has a relatively high recycling rate compared to other metals[5].

Published by Luca Sazzini. July 15, 2024 .

The 2025 Ultimate Callout Challenge will be at Lucas Oil Raceway in Brownsburg, IN. The dates are May 30th to June 1st, 2025. Related Articles – Sick Week 2025 Dates Announced – Roush Yates’ V6 Twin-Turbo EcoBoost Engine Nominated for “Coolest Thing Made in NC” – Lucas Oil Founder Forrest Lucas Receives NHRA Lifetime Achievement

“Mitsubishi Materials and MTEC is critical to the machining of our high-performance engine components as well as our diversity into other industries,” said Todd English, vp strategic partnerships and marketing of Roush Yates Engines. “We have over 50 state-of-the-art CNC machines at Roush Yates Manufacturing Solutions and we rely on Mitsubishi Materials products and expertise to help us reduce cycle time and tool wear while machining tight tolerances. In addition, their training facility is first class. Our machinists have been able to receive personalized training on new tooling, techniques, and leverage their collective knowledge when working on projects. We look forward to growing our partnership with Mitsubishi Materials and internal growth in order to meet the demands of the marketplace today and as well as innovating for the future.”

Motorsports icon Travis Pastrana will be the headline guest at the PRI Show’s Grand Opening Breakfast on December 12, 2024 in Indianapolis. The breakfast marks the official start of the PRI Show, setting the tone for the three-day event.

This engine was engineered, validated and built by Roush Yates Engines in partnership with Ford Performance to maximize performance and durability in a track day application.

Here are some trending automation technologies visitors can see in the automation sector and throughout the IMTS show.

China holds a less dominant position in tungsten oxides and hydroxides, which are the most important chemical compounds derived from tungstates. In this market, China competes with the United States and Vietnam for the top exporter position. Additionally, the international market sees significant presence from many other countries, such as South Korea and Japan in Asia, and the Netherlands and Germany in Europe. Even in this situation, the Chinese market still drives global prices, as shown in the graph below.

Published by Luca Sazzini. July 1, 2024 .

The third graph below shows how all prices along the tungsten supply chain have consistently moved in perfect alignment with one another.

The analysis of the graph clearly shows the substantial alignment of tungstate prices in the two global regions and how Chinese prices generally precede European prices by an average of two months.