Will China’s monopoly equal tungsten stability?

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Fri, Nov 21, 2008
Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Tungsten Investing News reports price of tungsten has fell and Chinese tungsten makers will either shut down or decrease output.

Most producers are confident that the low for the metal used in military applications is only for the short term. With China having such a monopoly on the market a ubiquitous output slash may stabilize the price. The future, however, remains unclear.  We have seen an unprecedented amount of mine shutdowns in the other metals, all to no avail at controlling the quick drop in prices.

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