Malaga Inc. reported that it signed supply agreement with Global Tungsten & Powders Corp. for the sale of its tungsten ore concentrates produced by the company’s subsidiary at Pasto Bueno mine, Huaura plant in Peru. For full story, click here
In addition to dominating the world’s supply of tungsten, China is also the metal’s prime consumer.Global consumption of tungsten in 2007 was 62,879 tonnes, of which China accounted for 31.55%, or 19,838 tonnes. Its consumption of the metal has more than doubled over the last decade. For full story, click here
In order to secure a guaranteed supply of tungsten for their operations, Global Tungsten & Powders Corp. has signed a supply agreement with Canadian Venture listed North American Tungsten Corporation. For full story, click here
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