More good news from Europe with the Tungsten price rising today.Over in China imports for Tungsten concentrate for April were down 31.6% this is starting to be a trend in March the import of concentrate was down 47.6%. Also in March and April the Chinese Tungsten concentrate producers stocks were down 10.4% and 6.1% respectively.China is slowly losing control of the manipulation they have had over the Tungsten price for many years.They will always remain the main player but we should see a much fairer Tungsten price for producers from outside of China.The current Tungsten price should be 40% + higher than it is quoted in China today so expect the Tungsten price to keep rising.China will be spending huge money on joint Tungsten projects with other Countries over the coming years it is the most cost effective way for them to go. CHEERS
CNQ Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
