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noleary | 20 days ago

FYI, Tungsten prices are quoted in metric ton units (MTUs) [1], which surprisingly aren't metric tons. They're actually 1% of a metric ton -- or 10kg. [2] So the price of Tungsten is actually 100x that.

[1] https://www.fastmarkets.com/metals-and-mining/minor-metals/t...

[2] https://quoteddata.com/glossary/mtu/

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anigbrowl|19 days ago

My bad! Although I think at even $1 billion/year the US is probably not too worried about it for the time being. Thanks for schooling me on this!