中金公司：持续看好钨价牛市

Core Viewpoint - The report from CICC indicates a bullish outlook on tungsten prices, which have significantly increased throughout the year, reaching historical highs [1] Price Trends - Since March, the price of tungsten concentrate has risen from 142,000 yuan/ton to a peak of 288,000 yuan/ton by September 10, before stabilizing around 267,000 yuan [1] - Starting mid-October, tungsten prices began to rise again, continuously setting new historical highs [1] - As of December 5, tungsten prices reached 351,000 yuan/ton, marking a year-to-date increase of 147% [1]