Tungsten prices started 2011 continuing on an upward trend, but midway through the year the market began to cool. What path is tungsten on in 2012?
Bloomberg reported Korea Resources is planning on increasing nine stockpiles of rare earths by 382%.
From Chinese export quotas to rising jewelry demand, here's what is going on in the tungsten market.
Commodity Online reports that Ross Bhappu, partner with Resource Capital Funds, sees opportunities in minor metals like tungsten.
The prices for tungsten have skyrocketed as much as 81 per cent over the last year due to tight supply chains. China’s second largest tungsten producer announces a three month shut down for repairs, adding scarcity in the market. Also, tungsten miners announce developments on their projects.
China is taking measures to make sure they will be able to supply their domestic tungsten demand; but these measures have a few countries calling foul play.
Thursday, January 12, 2012