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Mining Weekly reports prices for tungsten finds itself in almost an identical economic situation to rare-earth elements.
Mining Weekly reports prices for tungsten finds itself in almost an identical economic situation to rare-earth elements.
The market news is quoted as saying,
Malaga Chairperson and CEO Jean Martineau said that, as is the case with rare-earth elements, China flooded the market with cheap tungsten concentrate in 1980s and 1990s, leading to an oversupply and prices low enough to squeeze out nearly all non-Chinese production.