China's Ganzhou Tungsten Assn (GTA) has raised its price forecast for tungsten products in January, for the second consecutive month, in response to the price rally in recent weeks and the December production cuts.
GTA's price forecast for black tungsten concentrates 65% and ammonium paratungstate (APT) are 113,000 yuan ($17,385) per tonne, up 5,000 yuan, and 173,000 yuan per tonne, up 7,000 yuan, respectively, for January. Smelters in the major tungsten production hub of Jiangxi province ran low operations rates in December because local authorities...