A strong growth in Chinese consumption, an unlikely substitute for the metal, and the high cost of getting new mines into operation will likely support tungsten prices over the next five years.
Continue reading "Tungsten price steady, but lack of equity hits mines"
Thursday, August 28, 2008
The current global consumption for Tungsten is approximately 80,000 tonnes per annum, with 60,000 coming from mines and the balance from recycled material. China is the largest producer and consumer, and they continue to grip the market, however, mining companies outside China are shifting gears- turning exploration focuses to tungsten.
Continue reading "Tungsten discoveries advance"
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Thursday, October 2, 2008