Tungsten resilient to market fluctuations
Fri, Oct 24, 2008
Tungsten Investing News reports despite market fluctuations and the global recession, price of tungsten remained stable.
In 2004, tungsten was worth $60 per kilo, and now it oscillates around $260 per kilo. Tungsten’s value is due to its exceptional properties. Tungsten has a high melting point that makes it useful for filaments in incandescent lights, a near-diamond hardness that makes it valuable for the manufacture of high-grade drill bits and saw blades, and a density higher than lead, without lead’s toxicity.
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