On September 21, Chongyi Zhangyuan Tungsten Co., Ltd. announced its quotations for long-term orders for the second half of September 2020, including:

1. Wolframite (WO3≥55%): RMB84,000/standard ton (USD12,155/standard ton);

2. Scheelite (WO3≥55%): RMB82,500/standard ton (USD11,938/standard ton);

3. Ammonium paratungstate (national standard, zero grade): RMB128,500/t (USD18,595/t).

Notes: All above prices should be paid in 13% Inc-VAT terms.