Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards.

Mainly affected by the environmental protection policy reducing production, markets outside China show improved demand and higher prices. But China is still the dominant market participant in tungsten industry when it comes to price moves and price floors.

Happy Creek Minerals Ltd (TSXV:HPY) is a mineral exploration company focused on the development of its two key projects, the Fox tungsten project and the Highland Valley copper project in south central British Columbia, Canada.

Analysis of latest tungsten market in China from Chinatungsten Online: The supply of tungsten raw materials is now the dominant factor affecting mentality of business in the market. As market participants are bullish on the average prices from Tungsten Association and guide prices from large enterprises this month, sellers are reluctant to sell their products, with strong rised mentality.