W Resources on track for lowest cost quartile tungsten production at La Parrilla

Spain-focused tungsten miner W Resources is targeting an average cash operating cost of $90 per mtu of tungsten concentrate at its La Parrilla mine for the first six years of its operation.

The operating cost will put La Parrilla in the lowest cost quartile of the global tungsten cost curve, according to W Resources’ latest reserve estimates. Ammonium paratungstate (APT) prices, used as a reference across the tungsten supply chain, have risen 16% since the beginning of the year. APT is trading in a range of $220-226 per mtu, cif Rotterdam, according to Metal Bulletin’s assessment. The demand picture for tungsten concentrates has proved particularly strong this year, resulting in narrowing discounts...

Published

Charlotte Radford

June 19, 2017

12:35 GMT

London