Almonty Industries Inc T.AII

Tungsten APT Rises Again

[rockminer56]

China Tungsten today reports that the APT price has risen to $364.80, which iincludes another significant weekly increase.
They anticipate that a bullish market will continue from mid to late May,
This factor played a significant part of the increase in revenue from Almonty's first quarter results.

[whoisyourpapa]

Arugs has tungsten up $9.50 now at $347.50

[rockminer56]

That an interesting figure as China Tungsten has the price at $368.00 and they are often quoted as expert, as they are the most involved (by volume). II think Argus is often quoted at a lower price than China Tungsten, and it is curious as to how they get different values.  Would be a possibility of arbitrage if the units were traded in volume on an exchange like gold. The difference is $21

[5ilverlining808]

I just cant trust anything from China or the Asian Metals price index website. You have to register to access ,, A hackers dream. Steer clear of all things Cineese except food. I would rather trust Argus over them. $310 at April 22 2024 to $348 today. That is a big jump in less than a month, and if this trend keeps up maybe $400 at production start ? Still the other Almonty mines will benefit