Ann: Quarterly Activities and Cash Flow Report June 2022, page-22

Quotes from article from Fast Markets in italics- Asian commodity media.

Chinese APT price increased to $325-$335mtu on tight domestic supplies. Domestic refineries are under no pressure to lift production as input costs from raw materials has increased.

Additionally, small mining companies are not able to operate under strict safety and environmental requirements.

Tungsten traders are expecting more demand from OS buyers returning after the summer holidays.

This suggests the price will remain tight. The APT European and US price has remained at $340-$345mtu, so production increases (2 ore sorters) from EQR should receive a healthy price.