Resolves YES if the TTM APT (Ammonium Paratungstate) price in Rotterdam is strictly greater than $1500 per metric tonne unit on April 1, 2026, as reported by industry benchmark price providers such as Metal Bulletin or Fastmarkets. The APT price is a key indicator of tungsten market health and directly impacts both producers and consumers. Prices exactly at $1500 or below resolve NO. This market evaluates the spot price specifically on April 1, 2026, not before or after.

The APT price is a critical benchmark for tungsten market dynamics; fluctuations affect both producers and consumers.

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