CITIC has signed an off-take agreement with QOL, and is going to...

CITIC has signed an off-take agreement with QOL, and is going to marketing Tungsten and Moly in China.

Something wrong?

We all know China is world number one in terms of Tungsten and Moly resources, and possibly the production, why CITIC is marketing to China?

According to the ann, CITIC is predicting increasing demands from China in both Tungsten and Moly.

If Chinese is purchasing both commodities overseas, there is less available for consumption outside China.

So the price will go..........up!