TUNGSTEN MARKET NEWSFLASH - Week 21, 2025 China's cost base for high-quality tungsten concentrate keeps increasing (see bottom right graph), while Western consumers struggle to find readily available cargoes of APT (ammonium paratungstate) at prices below $440-450/mtu⚠️ Latest Fastmarkets price quotation for APT CIF Rotterdam/Baltimore at $410-445/mtu (see bottom left graph) represents a +30% price increase compared to January 2025 pricesEQ Resources Non-executive Director, Craig Bradshaw, commented: "The market remains extremely tight for available tungsten units, some downstream producers are now only able to take orders based on end use customers providing scrap returns as the producers have insufficient virgin material available to fulfill orders.”
TMG Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held
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