Tungsten scrap, concentrate tightness pushes APT price to near two-year high

Tightening availability and rising prices of tungsten scrap and tungsten concentrate have supported the tungsten intermediates price to rise to its highest level in almost two years.

Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore price at $250-255 per mtu on Friday February 12, unchanged from the previous week's assessment but up almost 9% from the start of the year at $230-235 per mtu. The market is now trading at its highest level since June 2019.
"The intermediates market is being pushed up by scrap and raw materials tightness," a supplier said.

APT prices traded under pressure for most of last year with most end users out of the spot market amid persistently weak demand for tungsten products, while limited volumes of material were being...

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