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?
Roskill Information Services reported its "Tungsten: Market Outlook to 2016" today.
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’s tungsten market monopoly is often blamed for the metal’s volatility, but in the case of a post-recession rebound, the monopoly appears to be a good thing.
Thursday, January 12, 2012