Ann: 2023 AGM CEO Presentation, page-124

I have long held the view that the market seems oblivious to the looming shortage of tungsten supply.
The introduction/launch of Nyobolt batteries has been widely heralded and now I am increasingly seeing the appetite for use in nuclear fusion chambers where these fusion companies will need to start securing supply
And this is just two relatively new uses that have popped up since the last high in the price cycle
Lewis Black boldly stated that US Defense stockpiles will have completely depleted by Xmas ('23) - so if he's right, they have run out
With US legislation stopping supply from foreign adversaries now only 2 years away, I think the scene is already set to see prices climb to truly reflect not just the increased demand for tungsten but also an emphasis on how the supply side is strained

As stated before, we are in the box seat, we are increasing production organically and also acquisitively with 2 targetted clusters in 2 hemispheres

Go 2024 !