China's State Reserve Bureau (SRB) has carried out research into major Chinese tungsten miners' products amid depressed spot activity in the domestic market and multiyear low prices, sources told Fastmarkets.
After several failed bids in 2015 and 2016, the SRB bought 6,000 tonnes of tungsten concentrate in October 2016 from four major local miners as part of its stockpiling efforts when prices were trading at multiyear lows. The price was set at 78,500 yuan ($11,593) per tonne for...