Tungsten ? Metal Bulletin reports that China has cut quotas...

Tungsten ? Metal Bulletin reports that China has cut quotas again by a further 300t to 15.7kt for 2011 down from 16kt for this year according to the ministry of commerce.

China has been cutting export quotas since 2008 in an effort to preserve its asset base and keep its production for its own uses.
China dominates world supplies and the cuts are causing consumers in the rest of the world to become increasingly concerned over supplies, with the EU putting the metal on the critical raw materials list. This makes non-Chinese assets increasingly important and strategic.


Prices for tungsten intermediate APT are reported at around US$280/mtu having started the year at around US$200/m