Tungsten is Strategic Metal

 It is said that more tungsten will be needed by next year, even as tungsten demand rises steadily at present, the world’s largest non-Chinese tungsten mine will be exhausted then. There is a prediction by analysts that investors should be lining up to fund new mines, not a bit of it.

In this case, a supply shortage could mean much higher prices, leading to handsome profits for those companies that get to market soonest. Actually, tungsten is often called as “rare”, but compared to a minor metal such as rhenium, which is used in super alloys, tungsten market is already around 80,000 tons (80 Kt) per year of tungsten metal content. Therefore, though it may be called “rare” sometimes, however, it is considered as a strategic metal, but not like a rare earth.

 

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