Asked chaGTP,Will EQ RESOURCES LIMITED withs its Tungsten supply...

Asked chaGTP,


Will EQ RESOURCES LIMITED withs its Tungsten supply boom with the new Chinese critical mineral ?ChatGPT said:China's recent tightening of export controls on critical minerals, including tungsten, has significantly impacted global supply chains. As China accounts for over 80% of the world's tungsten production, these restrictions have led to increased demand for alternative sources. exiger.comEQ Resources Limited (EQR), an Australian company, is well-positioned to benefit from this shift. EQR operates the Mt Carbine tungsten project in North Queensland and has recently expanded its operations by acquiring the Barruecopardo mine in Spain. This strategic move enhances EQR's capacity to supply tungsten to markets seeking to reduce reliance on Chinese sources. **promotion blocked**.com.auIn addition to increasing production, EQR has secured a 488-square-kilometer exploration permit for the Wolfram Camp tin-tungsten field in North Queensland. This area has the potential to be developed into a critical mineral hub, further bolstering EQR's supply capabilities. m-mtoday.comEQR's efforts align with broader initiatives to strengthen critical mineral supply chains among allied nations. The company has joined the Defense Industrial Base Consortium (DIBC) to enhance critical material supply and integrate its tungsten into the U.S. supply chain, supporting supply chain security and reducing dependence on China. eqresources.com.auGiven these developments, EQR is poised to capitalize on the current market dynamics, potentially experiencing a significant increase in demand for its tungsten products as global industries seek reliable and diversified sources.