"Very few of the significant new tungsten projects are expected...

"Very few of the significant new tungsten projects are expected to deliver any substantial tonnages of tungsten in 2012, so the market will be relying on existing producers to cope with any growth in demand. As a result, Roskill predicts a further tightening in supplies of tungsten and, therefore, further price rises, with an average APT price of US$475/mtu."

http://www.prnewswire.com/news-releases/tungsten-market-anticipates-new-supply-133426148.html

"The scramble to ensure adequate supplies of tungsten is set to get tougher, especially for those relying on China. New export quotas for 2012 reported a cut of 300 tons, dropping global rations from 15,700 to 15,400 tons."

http://resourceinvestingnews.com/26021-china-cuts-2012-export-quotas-for-tungsten.html