Here's an interesting point from a November 2010 tungsten...

Here's an interesting point from a November 2010 tungsten industry report. Chinese supply and demand from 2005 to 2010 did the following:

Output: grew 14.9% from 47kt to 54kt.
Consumption: grew 34.8% from 23kt to 31kt.

I like this trend of consumption growth outpacing output growth.

It is looking supportive of long term high prices. At the current prices I imagine we are in a good position to profit. China is helping us to have these prices for the long term.

I also read that their reserves are 1,800kt with 54kt output in 2010. If they continue growing output, those reserves will deplete quickly.