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      Those units, however, are taking longer to be absorbed, as spot demand for metal has weakened heading into the summer, and consumers are delaying their purchases as prices fall week-on-week. Benchmark low-grade cobalt prices are down from a near-10-year high of $43.70-44.45 per lb in the second half of April.

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      Tungsten jewelry can be almost any color desired, as tungsten carbide's natural form is a powder — it must be “cemented” with other metals to make a band. Because of that need, tungsten can potentially be a problem for men with nickel, cobalt, or other metal allergies.

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      Another producer in Jiangsu, with an output of about 15tpm of cobalt powder, confirmed to Asian Metal that the price keeps on declining. They can only make deals at around RMB370-375/kg (USD54.17-54.90/kg) in small lots. Demand from cemented carbide is still weak. Meanwhile, demand from diamond tools also descends.

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