According to the CICC research report, since March of this year, the price of tungsten concentrate in China has risen from 142,000 yuan/ton to a high of 288,000 yuan/ton on September 10, then stabilized to around 267,000 yuan. Since mid-October, tungsten prices have once again begun to rise and have continuously reached record highs. As of December 5, the price of tungsten reached 351,000 yuan/ton, a year-on-year increase of 147%. We continue to be optimistic about the bullish tungsten price market.

According to the CICC research report, since March of this year, the price of tungsten concentrate in China has risen from 142,000 yuan/ton to a high of 288,000 yuan/ton on September 10, then stabilized to around 267,000 yuan. Since mid-October, tungsten prices have once again begun to rise and have continuously reached record highs. As of December 5, the price of tungsten reached 351,000 yuan/ton, a year-on-year increase of 147%. We continue to be optimistic about the bullish tungsten price market.