"China MINMETALS have the rights to control the tungsten price. Tungsten pricing model is: Ganzhou Tungsten Industry Association and Jiangxi Tungsten Group, China MINMETALS and Hunan Nonferrous will communicate in 5th each month then they will announce guiding price of tungsten (tungsten concentrate, APT, tungsten powder). The price become a market benchmark, and have a large influence on the market. As Jiangxi Tungsten Group, Hunan Nonferrous Metals is a subsidiary of China MINMETALS, so the pricing on the China MINMETALS has a strong voice."
Nowadays, the price is much more demand driven, with China now a net importer of W (CAN SOMEONE PLEASE SUPPLY FIGURES)
CNQ Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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