Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore
price at $260-265 per metric tonne unit (mtu) on Friday February 26, up 4% from $250-255 per mtu one week earlier.
The price moved up by 6.1% in February and is 12.9% higher than at the beginning of the year, when it stood at $230-235 per mtu.
“There is nothing available in Europe, and China is not able to ship till April,” a supplier in Asia said. “Chinese suppliers don’t have any material available, yet with most miners not back fully from the Chinse New Year holidays. There is still a deficit in concentrates production.”
The APT market in Europe is trading at its highest level since June 2019,...