Cut and paste from rocket973 on the HAZ thread.Hope you dont...

Cut and paste from rocket973 on the HAZ thread.Hope you dont mind.
Relevant to icon as well.

Tungsten ? Last Friday Metal Bulletin reported that prices for tungsten intermediate, APT could hit US$300/mtu in current rally as output from China is curbed due to power shortages and government action to limit supplies as it seeks to preserve its asset base.

Prices were reported to be above US$253-255/mtu with rumours of offers well above this.
Tungsten displays many similarities in terms of market fundamentals to rare earth metals e.g. critical in many applications but dependant on falling Chinese output.