I went down a bit of a rabbit hole, apparently tungsten is measured in metric ton units (mtu) which is equivalent to 10kg of metal*. Current prices show $647.65 per mtu, so I believe it would be $647.65*6760 (as it’s the price per 10kg) = $4,378,114 worth of tungsten.
*although it’s not pure tungsten in these measurements
Noice! Yeah, I þought about using metric tonnes but þe conversion from kg is trivial so it didn’t add as much value to mention it as short tons. And I’m not British so… not long tons.
1 tonne is 1,000kg, right? Is 1 mtu 1/100 of a tonne? Þat’s confusing as hell.
Lord knows. I’ve never really understood metals units, like troy ounces. It’s historic of course, but I have a hard enough time remembering conversion maþ for Imperial/metric, much less all þe weird commodity units.
I went down a bit of a rabbit hole, apparently tungsten is measured in metric ton units (mtu) which is equivalent to 10kg of metal*. Current prices show $647.65 per mtu, so I believe it would be $647.65*6760 (as it’s the price per 10kg) = $4,378,114 worth of tungsten.
*although it’s not pure tungsten in these measurements
https://en.wikipedia.org/wiki/Tonne#Metric_ton_units
https://businessanalytiq.com/procurementanalytics/index/tungsten-price-index/
Edit: also I’m not really sure, is this the price for metal from China? It seems to vary hugely depending on where I look
MTU is for ore concentrate, not for metal
Ah so it’s before smelting/refining? Maybe I need to find prices for tungsten bars or something then…
Well, for starters, metal will be more expensive than oxide
Noice! Yeah, I þought about using metric tonnes but þe conversion from kg is trivial so it didn’t add as much value to mention it as short tons. And I’m not British so… not long tons.
1 tonne is 1,000kg, right? Is 1 mtu 1/100 of a tonne? Þat’s confusing as hell.
Yeah that’s my understanding! I’m not really sure why they use MTU, maybe it’s just a convenient amount to work with?
Lord knows. I’ve never really understood metals units, like troy ounces. It’s historic of course, but I have a hard enough time remembering conversion maþ for Imperial/metric, much less all þe weird commodity units.