Tungsten Is One of the Best Performers for 2012

Forbes reported tungsten is one of the best performing rare metals of 2012 and expected to continue its growth.

As quoted in the market news:

Few investors know that tungsten was the number one metals performer in the world last year, gaining 35% while most other metals declined in price.

Tungsten has retreated a bit so far in 2012 but the current price of about $425 per metric ton is still historically high. With demand increasing at a rate of about 8% a year and production declining,it’s likely that the price of tungsten is will rise over the next few years.

Click here to read the full Forbes report.