Resolves YES if the official Asian Processing Tungsten (APT) price, as reported by industry price indexes or authoritative market sources such as Metal Bulletin or Fastmarkets, is strictly greater than $5,000 per metric ton unit (mtu) on May 1, 2026. This price reflects the spot or assessed price for APT tungsten on that date. The market is sensitive to supply disruptions from China Jinba Bowen's export suspension, which could tighten global supply and push prices above this threshold. Only the APT tungsten price counts; prices of other tungsten products or alloys do not affect resolution.

The suspension of exports by a major producer like China Jinba Bowen is likely to tighten supply and increase prices globally.

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