Resolves YES if the official TTM APT price in Rotterdam, as published by recognized market sources such as Metal Bulletin or Fastmarkets on May 1, 2026, is strictly greater than $2000 per metric ton unit (mtu). This price is a key benchmark reflecting tungsten market supply-demand balance, with current prices near this level amid evolving industrial demand and supply constraints. Only the spot price on the settlement date counts; prices before or after do not affect resolution.

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

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