Hopefully this will displace Chinese tungsten from the Japanese market. They have gone from having a small amount committed under off take to having about half under off take.
Same problem as before though. No ability to control on the feed price as they don't have a mine and the more off take they have to meet, the greater the potential losses if they can't buy cheaper ore. Potentially trapped into loss making just to make their off taker happy.
I'd like to see more about this "concentrate purchase contracts on matched terms to preserve operating margins" sounds like more smoke and mirrors.
HAZ Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
