RE: Turned?2 Mar 2018 10:10
Haha Ben, you may be proved right.
This from Roskil:
"Tungsten: Almonty locks in 2018 price contract with 33% increase
Canada�s Almonty Industries, one of the leading producers of tungsten concentrates outside of China, has secured a price increase of more than 33% for tungsten produced at its Panasqueria mine in Portugal for 2018. In its financial results for the three months to 30 September 2017, Almonty noted that from 1 January 2018, 100% of concentrates production from Panasqueria would be locked into a 12-month fixed price contract of US$280/mtu, equivalent to an ammonium paratungstate (APT) price of US$358/mtu when applying a 22% discount factor. APT is a key tungsten intermediate product and typically used as the benchmark for concentrates pricing.
Almonty had previously entered into several 12-month fixed price contracts for tungsten concentrates in 2017, including 100% of material at Panasqueria contracted for US$210/mtu (equivalent to US$269/mtu of APT) and 80% of output from its Los Santos mine in Spain fixed at a contract price of US$192.50/mtu (equivalent to US$247/mtu APT)....."
https://roskill.com/news/tungsten-almonty-locks-2018-price-contract-33-increase/
Almonty one of the very few tungsten producers outside china.
GK.