Hardide Share Price (HDD)

I think the medium and long term future for the Tungsten market may be better than some of the articles indicate. Kazakhstan alone should produce 12000 tons PA, a lot more than the 5000 tons predicted in additional yearly production outside of China .

This is due to the US investing $1.1 billion in the region including investment from Donald Trump's sons. Kazakhstan is producing 2400 tons yearly now the new projects will be producing in three years time.

hTtps://www.mining.com/trump-sons-invested-in-us-group-developing-1-1b-tungsten-project-in-kazakhstan-ft/#:~:text=As%20part%20of%20the%20merger,mining%20district%20of%20Central%20Kazakhstan.&text=According%20to%20Cove%20Capital%2C%20the,by%

In the here and now, last week's meeting in China spoke of cooperation with follow-up discussions in the US soon, this at least makes it look unlikely China will further restrict exports in the short term. With new production also coming online and increased output from some currently producing mines the chance of Hardide not being able to buy Tungsten gas at any time looks small, I think our two main customers Airbus and the major US oil service supplier would also do what they could to help ensure supply if this ever became a problem

Although the Tungsten gas price looks like it will be under pressure for some time I don’t see it as a big problem for Hardide unless things get significantly worse.

May 15th.

Tungsten prices dropping quickly..

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices declined this week, with the drop significantly larger than in the previous period. Tungsten raw material prices fell by 25% week-on-week, and have cumulatively fallen by 50% from their historical peak in mid-March. Prices of some low-priced resources have already retreated to levels seen at the end of 2025.

As of press time,

65% wolframite concentrate was priced at RMB 490,000/ton, down 27.9% week-on-week and up 6.5% from the beginning of the year.

65% scheelite concentrate was priced at RMB 489,000/ton, down 28.0% week-on-week and up 6.4% from the beginning of the year.

Ammonium paratungstate (APT) was priced at RMB 770,000/ton, down 24.5% week-on-week and up 14.9% year-on-year.

European APT was priced at USD 3,000-3,280/mtu (equivalent to RMB 1.805-1.973 million/ton), unchanged week-on-week and up 241.3% year-on-year.

Tungsten powder was priced at RMB 1,550/kg, down 17.1% week-on-week and up 43.5% year-on-year.

Tungsten carbide powder was priced at RMB 1,480/kg, down 17.8% week-on-week and up 42.3% year-on-year.

Cobalt powder was priced at RMB 570/kg, down 1.7% week-on-week and up 9.6% year-on-year.

70% ferrotungsten was priced at RMB 800,000/ton, down 22.3% week-on-week and up 23.1% year-on-year.

European ferrotungsten was priced at USD 270-275/kg of tungsten (equivalent to RMB 1.285-1.308 million per ton), down 4.1% week-on-week and up 98.2% year-to-date.

Scrap tungsten rods were priced at RMB 700/kg, up 2.9% week-on-week and up 16.7% year-to-date.

Scrap tungsten drill bits were priced at RMB 650/kg, up 3.2% week-on-week and up 12.1% year-to-date.

Prices of Tungsten Products on May 15, 2026

Tungsten: "CICC forecasts a global deficit of 20,000 MTU by 2028, as demand explodes from defense, semiconductors, EV batteries, and AI data centers."

https://goldinvest.de/en/tungsten-prices-explode-in-2026-supercycle-driven-by-china-quotas

As I say, yer pays yer money.....

You pays your money, you takes your choice!

Sigh, well put a reminder in your phone for 18 month time to check the supply of Tungsten. Suspect the price will have collapsed. I'm a big holder of GMET so I'm interested. I'm not as confident Critical minerals will have collapsed but they may have.

Then the most valuable thing you can do is go back to chat gp and ask it why it got its prediction wrong. Did it tell you to buy or sell HDD