Rising Chinese Inflation is Also Likely to Push Tungsten Prices Higher

Rising Chinese inflation is also likely to push tungsten prices higher. A number of companies in Europe are in the process of establishing new tungsten mines to try to meet the expected gap in supplies.

Ormonde Mining (LON:ORM) is awaiting final permitting for its Barruecopardo tungsten mine in Spain that will produce 227,000 tonnes per year.

W Resources (LON:WRES) is also busy in Spain, exploring and defining a new mine and tailings treatment plant at La Parilla in the south-west of the company.

In the UK, Wolf Minerals (LON:WLFE) has just started development of its Hemerdon project in Devon having agreed a financing package.
 

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