Tungsten prices climbed higher last week in Europe amid tightening spot supply, while the Chinese market has started to wind down ahead of the week-long national holiday for Chinese New Year.
China's tungsten market starts to wind down ahead of Lunar New Year Tightness in tungsten concentrate to continue in the first quarter ahead of China's National People's Congress scheduled for March European ammonium paratungstate prices edge up on tightening spot supply China's tungsten market started to wind down last week with suppliers stopping their quotations and logistics companies closing down ahead of the week-long Chinese New Year holiday, which starts on February 15 this year. Metal Bulletin assessed Chinese tungsten concentrates 65% WO3 prices in-warehouse at 110,000-111,000 yuan ($17,488-17,647) per tonne on Wednesday February 7, unchanged week on week. "Hardly any miners are offering and we are all preparing to leave for the break," one...