Could tungsten be the next commodity to go boom?October 16 2024 :
Past Tungsten prices excerpt (which blows me away) and the rest is about ASX listed Tungsten players, which includes Almonty, but not accurate imo.
"The tungsten price has generally been volatile across the past century, trading normally at about US$250mtu (AU$365), but has had multiple surges during major geopolitical events such as World War I, the Korean War and the 1970s Cold War period when it reached as high as US$800mtu (AU$1170mtu). Another peak occurred in 2010 when it hit US$600mtu (AU$875mtu), reflecting trends across the broader commodity market. It was then six years later that the wheels dramatically fell off, when the collapse of the Chinese Fanya Metals Exchange led to a collapse in prices from US$349mtu (AU$510mtu) in 2014 to US$182mtu (AU$265mtu) in 2016, after 40,000 tonnes – equivalent to six months’ worth of global supply – was ignominiously dumped on the open market.
Since then, prices have slowly trended northwards (apart from a COVID dip in 2020) to flatten out at US$332.5mtu (AU$485mtu).".
, Almonty has a floor price of US $350MTU with the first off-taker Plansee/GTP.
US $800 MTU would be nice, but just a dream.
https://www.smh.com.au/business/companies/could-tungsten-be-the-next-commodity-to-go-boom-20241016-p5kiw2.html