Mitsubishi Materials to lift tungsten carbide prices on tight China supply
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Chinese export restrictions mean more expensive tools for Japan
Tungsten materials are used by Mitsubishi Materials to make cemented carbide cutting tools. (Mitsubishi Materials)
TOKYO — Japan’s Mitsubishi Materials will more than triple prices on tungsten products used in hardened cutting tools in some cases, as Chinese export restrictions continue to limit the supply of the rare metal.
