Tungsten price increased from $270-$280mtu to $271-$282mtu in...

Tungsten price increased from $270-$280mtu to $271-$282mtu in USD.
It hadn't moved for a number of weeks, but moving back up.

Article from UK research firm - SP Angel re- tungsten
Market analysts remain optimistic for price improvement as demand (consumed in the manufacturing sector for machine tools) and supply re-balance post the Chinese New Year.

“Any pick up in global demand or impact from environmental inspections in China are likely to effect the demand/supply balance and have the potential to push prices higher,” reports Tungsten Mining chief executive Craig Ferrier.

Mine supply from China dominates, with 75% global material produced domestically. However, “most of their mines are believed to be very mature, quite deep, and with both ore grades and costs heading in the wrong direction for them,” Thor Mining executive chairman Mick Billing adds.

Medium-term outlook is expected to boost prices, as “China has also closed a number of operations for environmental reasons, and those ‘in the know’ expect more of this.”