Chinese tungsten prices soar before National Day break

Chinese tungsten prices shifted up again before China’s week-long National Day holiday, on tight concentrate supply and strong downstream demand
from the hard alloys sector. Tungsten concentrate is trading at 90,000-91,000 yuan ($13,437-13,586) per tonne, up 3,000 yuan from last week, the highest level since August 2008.

“Demand from the hard alloys sector is still robust, while supply of concentrate is very tight now as miners have
finished most of their production quota for this year,” said a producer in Jiangxi province, a major source of tungsten.  Due to a series of heavy…