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Chinese tungsten prices soar before National Day break
Chinese tungsten prices shifted up again before China’s week-long National Day holiday, on tight concentrate supply and strong downstream demand from the hard alloys sector. Tungsten concentrate is trading at 90,000-91,000 yuan ($13,437-13,586) per tonne, up 3,000 yuan from last week, the highest level since August 2008. “Demand from the hard alloys sector is still robust, while supply of concentrate is very tight now […]
(AMM) US tungsten, ferrosilicon markets strong
The U.S. tungsten market continues to firm at the hands of Chinese suppliers, with domestic ammonium paratungstate (APT) rising as much at 10 percent in the past month alone. Prices for APT in the North American market have climbed to between $235 and $240 per short ton unit (stu), traders told AMM, up from the $215- to […]
APT prices enter ‘new territory’ as prices above $300/mtu loom
European ammonium paratungstate (APT) prices are rapidly approaching $280 per mtu and could soon breach $300 per mtu, as neither traders nor consumers see prices falling in the short term. European APT rose to $270-273 per mtu on Wednesday from $266-271 previously, and offers are already above the new range. “It’s all looking incredibly strong, […]
Flooding hits China’s W mining
The heavy rains and flooding in Jiangxi province have disrupted tungsten ore mining, sources said. The result has been that suppliers holding ore have become reluctant sellers. They are certain that the flooding will continue to affect output for several weeks and that prices will rise
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