The USA as well as EU, other developed/developing economies are waking up to the need to have an independent sources of critical metals ... including Tungsten, Lithium and the gold will be in demand as a result of political and economical trends... so we are well positioned to take advantage the other 2, followed the tungsten production:Tungsten is the only element harder than diamond. It is 100 times stronger than steel and has one of the highest melting points of any metal: higher than nickel, iron, titanium and vanadium.
It is used in many heavy industries, including aerospace, manufacturing, automotive and military and in most applications it is not substitutable.
As a result, tungsten is a strategic metal that developed economies cannot operate without and many governments consider it vital to national security.
Given its unique and valuable properties, mainly as a strengthening agent, the European Union ranked tungsten as one of Europe’s most critical raw materials, with one of the highest supply risks of all materials on the list.
It is therefore a growing concern that the supply of tungsten is so heavily dominated by China, who control nearly 80% of global supply and consumption.
Lithium demand is strong and growing and the gold is not a pushover at AUD$ 1950 either... There is a lot to look fwd to in the future SEI - DYOR
- Tungsten is a highly strategic metal used in military, aerospace and other heavy industry
- Rated one of Europe’s most critical raw materials by the EU
- These dynamics point to potential favourable terms for long term supply contracts
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- Chinas Tungsten and REO cutbacks
Chinas Tungsten and REO cutbacks, page-20
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