Scrap Tungsten Prices are Likely to Remain High

If  stoping and think deeper, maybe the Chinese are trying to dominate the scrap tungsten market. Carbide tools rely heavily on scrap. If the Chinese take control of that, they will run everything.

Though this theory may thus far be unsupported, it is something to consider given that one of the alleged reasons for reduced tungsten exports from China is that they are consuming more of the metal domestically to produce finished products.

Anetsberger once again points to a less devious motive– the growing industrial needs in China could also explain their desire for scrap.

He agreed, however, with predictions that the current summer lows will rebound, probably around September. After which prices are likely to remain high over the long term, said Anetsberger.
 

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