[China Tungsten High-Tech: Unable to Predict Tungsten Prices Accurately; Industry Maintains Tight Supply-Demand Balance] On August 25th, during an institutional survey, China Tungsten High-Tech stated that the significant fluctuations in tungsten concentrate prices over the past year are the result of multiple factors, including changes in industry supply and demand, market sentiment, upstream and downstream inventory adjustments, and the macroeconomic environment. As a strategic minor metal, tungsten's value has been reassessed, and its price is influenced by multiple complex factors, making accurate price prediction impossible for the company. In the medium to long term, tungsten, as a strategically scarce resource, faces strong supply constraints, while downstream high-end manufacturing demand provides support, maintaining a tight supply-demand balance across the industry. The company will leverage its integrated supply chain to optimize raw material procurement, production scheduling, and inventory management to mitigate the impact of cyclical fluctuations on its operations.
