Tungsten is considered a strategic metal as its unique characteristics make it invaluable to many industry applications for which there are few substitutes. Most of the world’s Tungsten supply is under the control of China which manipulates supply through export quotas. Significant new Tungsten mines have yet to come into production leaving demand levels unmatched by supply. A positive long-term outlook in the Tungsten markets creates a climate of opportunity for Tungsten exploration and development companies.

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