Chinatungsten Online: Tungsten product prices continue to run at high levels, but uncertainty about the future is increasing.

According to data from China Tungsten Online on March 12, the price of tungsten products remains at a high level, but there is an increase in uncertainty about the future market trend. According to the research from China Tungsten Online, the bullish view in the market mainly comes from the tight supply of tungsten mines and the strategic expectations supporting the value of global key minerals; while market concerns are mainly due to the lack of substantial consumption demand increment support in the continuous unilateral uptrend, and the allocation demand based on strategic attributes and financial attributes are easily interfered by macroeconomic and participant sentiment. As the price of tungsten continues to rise, the market's fear of high risks is also continuously accumulating, and the current market sensitivity has significantly increased. Industry insiders point out that the entry threshold for the industry has correspondingly increased, and opportunities and challenges coexist in the industrial chain, requiring cautious responses. As of the time of the report, the price of 65% black tungsten concentrate is reported to be 1.05 million yuan per metric ton, up 128.3% from the beginning of the year.