Expect China to curtail tungsten exports just like they did rare earth any day now. Shortages are getting extreme.
This was also just reported by Reuters
Wolf looking very sexy. LYC went from nothing to 3.5b very quickly when china started restricting global supply. WLF only 28m.
You do the math! :)
Reuters reported that ferrotungsten prices held to record highs but may rise further due to a raw material shortage in China and rising demand.
As per report, prices of ferrotungsten used to make steel for heavy duty equipment like industrial drills were USD 43 per kilogram to USD 45 per kilogram matching the record high touched last week.
(Sourced from Reuters)
news very soon
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