The Reason For Tungsten Prices Moving Forward

Why tungsten prices are moving forward?

It is said that no new tungsten projects are coming on-line in the next 12-18 months. Then there is China's role. China accounts for 83% of global production and has considerable influence on tungsten prices.

China is looking to weaken Western producers as it would be more beneficial to maintain healthy prices to fund its businesses, its growth and its move into downstream and higher-margin tungsten products. China can respond quickly to drops in tungsten prices. For example, it was reported in one publication in January that the majority of tungsten miners were unwilling to sell their tungsten concentrate at lower prices because of the bullish outlook. This acts as somewhat of a floor, because the drop in supply would improve pricing.

We're going to see APT prices back up around the $400/Mtu mark, if not by late 2013 then by early to mid-2014.

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