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Tungsten eyes end of hard times

It has been a rocky few years for the tungsten industry. From a nominal price peak of US$410-425 per metric tonne unit in July 2013, prices for ammonium paratungstate (APT) – the key intermediate – tumbled to a low of $160-170/mtu in February 2016 and have generally remained below $200/mtu throughout 2016.

Tungsten eyes end of hard times Tungsten eyes end of hard times Tungsten eyes end of hard times Tungsten eyes end of hard times Tungsten eyes end of hard times

Recent addition: W Resources brought its La Parrilla tungsten mine in Spain online in September

APT is the price benchmark for the global industry. Prices for primary tungsten concentrates are discounted against the APT price, and are therefore not fully market-driven.