RE:RE:RE:RE:RE:Trading Volume-ASXQuarterDollar wrote: - As far as I recall, there is no metal exchange for Tungsten, hence you will get disparity in prices.
- China is the largest supplier of Tungsten by far. I would think they would receive more frequent purchase orders, hence they are the price setter.
- Since demand is increasing faster than supply, then that puts upward pressures on price, hence (IMO) China is indicating where prices are going and Argus is catching up.
I agree with you Quarter, and it seems to me that historically China is quoting the spot price for tungsten which would be higher.
The Almonty website actually has the weekly prices they quote (perhaps use), under"Tungsten.....then Demand & Pricing.....That showed $5.00 increases last few weeks, with a $50.00 price May 10th. I expect they will show this weeks price later today, and I would think it would be over a $10.00 increase.
Anyway, it doesnt matter much today, as Almonty doesn't have the product to sell. It would be such a great factor to have it keep increasing and remain high, when "we" as Lewis keeps saying, will have the mill up and running before the end of 2024 at which time it can be sold at a huge price.
Even China Tungsten alluded to the fact there is discussion amongst their tungsten people as to whether the price will keep going up, or remain stable. No one is predicting it to go down..