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January 25, 2006
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Cutting Tools Price Index 1995-2005 - Source: Bureau of Labor Statistics
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Tungsten Markets Squeeze Tooling Distributors
By Lindsay Young
The price of the key raw ingredient used in tungsten carbide tooling, Ammonium Para Tungstate, has spiked from around $70 a metric ton unit to more than $300 a metric ton unit in just the past year. That means manufacturers have had to pass on the increased price of making the tools onto distributors who have little choice but to pass on the cost to customers.
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