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Menafm.com reports tungsten has been picking up since July due to short supply and strong demand in China.
Menafm.com reports tungsten has been picking up since July due to short supply and strong demand in China.
The market news is quoted as saying,
The tungsten concentrates prices bounded back CNY 157,000 per ton, peak of the year at the August inception, leaping by 40.9 percent compared to the year beginning. The price was CNY 136,000 per ton in January-July period, surging by 56.8 percent year on year. In particular, sheelite concentrates are quoted at CNY 157,000 per ton in Hunan province.
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