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Minor metals · Comment Analysis 11-02 Published

Changjiang Nonferrous Metals: On the 2nd, the price of Tungsten Powder increased by 10,000 yuan, with tight supply due to miners' reluctance to sell.

In the short term, the price of Tungsten Powder is more likely to rise than fall, and the rigid constraints on the supply side are difficult to alleviate quickly. If subsequent orders for photovoltaic tungsten wires and PCB drill bits continue to be released, tungsten prices will still have the opportunity to test the upside. However, we should also be alert to the risk that after the rapid price increase, the downstream end users cannot afford it and will voluntarily reduce the load.

✍️ CCMN yangxf Editorial Team
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