The Outlook for Tungsten Supply Doesn’t Look Very Good

Considering that over 80 percent of tungsten comes from China, and that China is largest  tungsten  consumer, it is not surprising that the metal made the list in 2011.

Add to that mine closures, halts in production and overall lack of new supply from mines in the western world, and the outlook for tungsten supply doesn’t look very good.

Almonty Industries restarted mineral processing at its Los Santos project six days after a fire caused a suspension of the plant’s activities.

An electrical fire on June 23, 2013 destroyed the diesel generator power supply and caused severe damage to the electrical switching infrastructure, the company said it a release.

Almonty is working with its insurance adjuster and plans to restore normal shipments of tungsten concentrate shortly.
 

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