Black tungsten concentrate price exceeded 50,000 yuan per ton, response from listed companies

On January 14, according to data from Chinatungsten Online, the price of black tungsten concentrate broke through the 50,000 yuan per ton mark. In response to this, a staff member of the securities department of Xiamen Tungsten Industry stated that black tungsten concentrate is a raw material, with the company both purchasing and producing it. When raw material prices rise, downstream products will also see corresponding price increases, leading to a transmission effect. Regarding the reasons for the price increase of black tungsten concentrate, the aforementioned staff member of the securities department stated that it is related to the tight balance between supply and demand, as well as market sentiment and future expectations. At present, the overall expectations are still positive.