Just a reminder to those who have been closely following the...

Just a reminder to those who have been closely following the tungsten price but who might have forgotten....

Attached is a link to a Whitehouse briefing paper announcing the implementation of tariff increases on the importing of certain materials into the USA - the list includes critical minerals such as TUNGSTEN

https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

For tungsten imports into the USA, the tariff will increase from 7.5% to 25%

This has been mentioned in previous posts but it is worth noting that the tariff increases apply from Aug 1 - less than 2 mths to go.