The whole China’s tungsten market starts to be strong again on March 10, 2022. Under the influence of factors such as mismatch between supply and demand and the warming of the international molybdenum market, traders are generally in a good mood, which makes the atmosphere of buying and selling in the market active and the market outlook is relatively optimistic. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to remain weak at the beginning of the week as participants mainly take a watchful stance to avoid risks due to the uncertainties under conflict between Russia and Ukraine. In addition, the new guide prices for early March also declined slightly. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price mixes on March 8, 2022 – tungsten concentrate and ammonium paratungstate (APT) prices tend to decline as shipments of some traders increase due to slight oversupply; the back-end powder and its downstream alloy markets are still faced with the risks of cost pressure, deadlocked supply and demand, and macro uncertainty. 

Happy Creek Minerals Ltd. has reported the delineation of several multi-kilometer copper-moly targets during its 2021 exploration campaign at its Highland Valley project. In addition, the TSX-V has approved the purchase and sale agreement announced by the company on February 24, 2022, for the adjacent, highly prospective 438 hectares of Mystery property.