Metal Bulletin reports further rises in prices as market participants struggle to get offers from China and suppliers reneging on APT (tungsten intermediate) supplies worth hundreds of tonnes.
?APT prices are reported at US$368-372/mtu up from US$260-368/mtu with any offers from China well above this level.
?These supply problems and rapidly rising prices highlight the difficulty consumers face securing product.
?Assets outside of China are looking increasingly important from a strategic perspective for consumers.
There are few alternatives for investors in the Tungsten space so I'd reckon HAZ is a BUY
HAZ Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held
