July 26 2016
- Investors Centre
A supply shortage could mean much higher prices, leading to handsome profits for those companies that get to market soonest
A metal is deemed critical when it is found to be economically important to the functionality of society, but has a high risk of supply disruptions.
Location, processing and capital can make the tungsten market a tough place to be, but dwindling supply and insubstantial production indicate a coming price swing.
Tungsten APT in Europe is being reported at higher prices, in the range of $325-340/mtu as opposed to the recent $305-325/mtu range.
China still in full control over some of world’s most important yet limited supply of raw materials and rare minerals
The European Union today requested the establishment of a dispute settlement panel at the World Trade Organization (WTO) concerning China’s export restrictions on rare earths, tungsten and molybdenum. This follows EU efforts to find a solution with China, including through formal WTO consultations that were held in April. The EU, together with its partners in… READ MORE
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when Warren Buffet invests in a tungsten project, the metal is bound to become a subject of growing interest.
Last month, Warren Buffett and Berkshire Hathaway unit IMC International Metalworkingagreed to invest $80 million in a tungsten mining project in South Korea, which was once the world’s biggest tungsten producer.
Few investors know that tungsten was the number one metals performer in the world last year, gaining 35% while most other metals declined in price.