SMM

According to news from Guangdong Xianglu Tungsten Industry on August 11: The unit prices (including VAT) of long-term contracts for tungsten raw materials in the first half of August at Guangdong Xianglu Tungsten Industry are as follows: The unit price of wolframite concentrate with a grade above 55% is 1,940,000 yuan/mt, up 7,000 yuan/mt from the second half of July; The unit price of scheelite concentrate with a grade above 55% is 1,930,000 yuan/mt, up 7,000 yuan/mt from the second half of July; The price of ammonium paratungstate is 285,000 yuan/mt, up 10,000 yuan/mt from the second half of July. Note: The above unit prices include (13%) VAT.