The Chinese are Buying Scrap Tungsten Available

Although suspicions and theories vary, almost everyone in the scrap and recycling tungsten industry point to a common factor at play China.

Stirling attests that the Chinese dictate the tungsten market without a doubt. They have a tendency, for example, to periodically flood the market with cheap APT, making scrap tungsten prices appear high.

Stanbach echoed the sentiment, noting that although the Chinese have mines producing the majority of the world’s supply, they still buy scrap.

Not only is China buying, according to Sery, the Chinese are buying every pound of scrap tungsten available.
 

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