Tungsten processing industry is able to treat and recover Tungsten-containing

Tag : tungsten
 This week LiquidityServices, Inc. (LSI) is hosting its first-ever sale for scrapTungsten, a valuable raw material frequently used in theelectronics and electrical industry. The auction event consists ofthree lots containing over 190,000 pounds of scrap Tungsten in theform of Tungsten Nylon Core (95% Tungsten, 5% nylon), CompletedProjectiles (inert nylon core, steel insert and copper jacket),Silver Tungsten Nylon Core (57% Tungsten, 43% nylon). Beginning onSeptember 10, 2008, LSI will be accepting bids for this unique saleof scrap Tungsten through its online auction marketplace http://www.govliquidation.com .
The scrap Tungsten is made available through the U.S. Department ofDefense's Army Ammunition Plant in Missouri and is part of aneffort to recycle scrap materials that have a remaining usefullife. According to the International Tungsten Industry Association(ITIA), scrap recycling is an important factor in the world'sTungsten supply. It is estimated that today approximately 30% isrecycled, and the Tungsten processing industry is able to treat andrecover almost every kind of Tungsten-containing scrap. Tungstenscrap due to its high Tungsten content in comparison to ore is avery valuable raw material.
"We are excited to provide our professional buyers quick andconvenient access to this valuable supply of Tungsten scrap throughour online auction marketplace," said Bill Angrick, Chairman andCEO of LSI. "In addition, by bringing the sale online, we enableour buyers to determine the final purchase price."
LSI has developed an innovative online marketplace, http://www.Govliquidation.com , for the sale of surplus and scrap on behalf of the U.S.government. This unique site enables buyers to purchase governmentassets ranging from outdoor gear, genuine Hummer vehicle parts,office equipment and medical and dental equipment to musicalinstruments, rare items and the occasional retired ceremonialmount, from more than 206 locations across the country.
For more information about the terms and conditions for thisauction event for over 190,000 pounds of scrap Tungsten, visit http://www.govliquidation.com/list/c7468/lna/1.html .
-- Auction begins September 10, 2008 12 a.m. ET and closesSeptember 12, 2008 8 p.m. ET. Buyers may view detailed informationand photos as well as place bids at http://www.govliquidation.com/list/e2014/lna/1.html .
-- Pick-up is required by September 19, 2008 at the Army AmmunitionPlant in Independence, MO.
About Liquidity Services, Inc.
Liquidity Services, Inc. (Nasdaq: LQDT) and its subsidiaries enablecorporations and government agencies to market and sell surplusassets and wholesale goods quickly and conveniently using onlineauction marketplaces and value-added services. The company is basedin Washington, D.C. and has 685 employees. Additional informationcan be found at: http://www.liquidityservicesinc.com .
SOURCE Liquidity Services, Inc.
Copyright 2008 PR Newswire
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PR Newswire
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