Tungsten highest economic importance of critical metals

The chart below is from the European Union.
Tungsten based on this chart has the highest rating of economic importance of any of the metals (more than lithium, cobalt and rare earth). It seems the importance is due to the toughness of tungsten and it can't be replaced by another metal and if it is the outcome of the job, is a lower quality.

If you removed China's 85% and Russia's 3% then the supply risk would actually sky rocket.
While it's not quite on the radar, the fact that China has stopped germanium and gallium suggests they would consider it, especially given the economic importance to the West.

What is not well-known, is Australia has the 2nd largest resource of tungsten in the world after China. However, we mine very little. But that is about to change with EQR ramping up and G6M as well.


(Source Austrade)
Australia will become a major player in this resource at a time where no active mines in North America and the world's requirement of tungsten is about to increase via defense and batteries (6 min charging).

Then the fundamentals of the project with a capex of $26m, NPV 307m (only 20% of known resource), a payback period of less than 1 year and an IRR of 477% pa will mean something.