Another price rise. However, its important as its the European...

Another price rise. However, its important as its the European price which our product is based on.

An interesting observation. The global tungsten market is approx 100,000 tons per year. Based on $USD300, that's only $3billion. If the price jumps to $USD400 that's still only $4b. That's not a lot of money for a global critical metal. This means tungsten likely to be price inelastic if the demand is strong. IE, if users need it, then they will pay whatever price for it as it's probably not a large percentage of their costs.