The international tungsten value records high

The price of tungsten this year will stay above 40 thousand dollars per ton,according to Pierre Monet, the Ceo of Malaga Inc, a tungsten manufacturer, in an interview in Tronto.

It is said that the output of tungsten products of Pasto Bueno, a factory of Malaga in Peru, accounts for about 10 percent of the global output. The company plans to increase the tungsten processing capacity from 350 tons to 500 tons per day. Besides, it produces the volume of one container of tungsten for its consumers.

Based on the European price data from Metal Bulletin, APT, the trading form of tungsten, have risen by 32 percent to 440 dollars per ton last year. Besides, the price of tungsten applying to drills, industrial tools and cellphones has risen 6 times since 2003.

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