TGN 4.17% 4.6¢ tungsten mining nl

Ann: Mineral Resource Estimate Update for Mulgine Trench Deposit, page-108

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    Ex-China tungsten supply faces challengesPublished date:19 February 2020Share:The global tungsten industry has had mixed success in developing a supply chain outside China's dominant resource base, but new raw material sources are starting to change the picture, delegates heard at this week's Argus Metals Week conference in London.China holds 65pc of known global tungsten resources and accounts for around 80pc of the raw material supply, meaning resources in other countries are underutilised. In 2018, China produced 64,900t of tungsten contained in concentrate out of total global production of 80,100t. Vietnam, the next largest producer, contributed a much smaller share with 4,800t.When supply comes under pressure — as during the US-China trade war and the present logistical disruptions caused by the coronavirus outbreak — the rest of the world ramps up efforts to develop alternative supply, director of international business at Russia's main tungsten producer Wolfram, Denis Gorbachev, told the conference.

    Alternative supplies are being sought world wide to reduce the risks associated with political tensions in a monopolized industry.

 
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