Tight raw materials, scrap supply push APT prices to near two-year highs

Tight supply of tungsten concentrate and tungsten scrap has pushed intermediate prices to nearly two-year highs in February amid a pick-up in end-user demand, market sources told Fastmarkets.

Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore price at $260-265 per metric tonne unit (mtu) on Friday February 26, up 4% from  $250-255 per mtu one week earlier.
The price moved up by 6.1% in February and is 12.9% higher than at the beginning of the year, when it stood at $230-235 per mtu.
"There is nothing available in Europe, and China is not able to ship till April," a supplier in Asia said. "Chinese suppliers don't have any material available, yet with most miners not back fully from the Chinse New Year holidays. There is still a deficit in concentrates production."

The APT market in Europe is trading at its highest level since June 2019,...

Budgets shift to later phases and larger companies

Gold stocks decline on metal and equities drop

TSXV Mining's gold-driven outperformance

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

Producing gold still up after metal reversal, juniors down