Tight raw materials supply keeps APT price at two-year highs; alloy follows higher

Limited raw materials availability has continued to support the ammonium paratungstate (APT) price at two-year highs amid a pick-up in spot demand, with alloy prices following slightly higher.

Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore price at $263-268 per metric tonne unit (mtu) on Friday March 5, up from $260-265 per mtu in the previous week. The market continues to trade at its strongest since early June 2019, when the price stood at $260-270 per mtu, according to Fastmarkets' historical data.
"The market is moving up very fast," a supplier said. "Our customers are short of material and there is still a squeeze on the supply side."

The APT market is now up 14.2% since the beginning of the year, when it stood at $230-235 per mtu....

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive