This was from UK broker SP Angel from their morning notes. Hopefully we can get some European investors interested in our stock.Tungsten – prices continue to rise as Europe rampsup machine tool and military equipment manufacturing
- Tungsten concentrates WO3 65%min EXW China are CNY138-139,000/t (~US$19,000/t).
- Tungsten 88.5%min EXW China CNY202-203,000/t (US$28/t).
- China represents around 80% of global tungsten production with most APT processing except for the HC Stark plant in Germany, Plansee in the US and Wolfram Bergbau (Mittersill) in Austria
- The charts below highlight the tight market for tungsten.
EQRResources (EQR AU) A$0.53, Mkt cap A$99m
- EQR acquired Saloro’ Barruecopardo mine in Spain last year. The mine was formerly owned by Ormonde Mining in the UK.
- Barruecopardo is the West’s most recent tungsten mine and currently produces around 1,680tpa and is backed by Oaktree Capital which holds some 16% of EQR.
*An SPAngel mining analyst formerly built and commissioned the Los Santos tungstenmine in Spain. SP Angel formerly acted for Ormonde Mining and visited theBarruecopardo mine.
This was from UK broker SP Angel from their morning notes....
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Last
4.9¢ |
Change
-0.002(3.92%) |
Mkt cap ! $91.08M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 4.9¢ | $77.39K | 1.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 620100 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 30360 | 1 |
View Market Depth
| Last trade - 15.06pm 03/05/2024 (20 minute delay) ? |
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Last
4.9¢ |
Change
-0.002 ( 2.00 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.1¢ | 4.9¢ | 206758 | ||
| Last updated 15.06pm 03/05/2024 ? | |||||
| EQR (ASX) Chart |