Tungsten Reserves in Europe

The global supply of tungsten has been scarce for years, causing the European Union to categorize it as a “critical raw material.”

China currently has most tungsten reserves  in the world, but notable deposits can also be found throughout Europe. Many companies are exploring the continent in the hope of finding valuable assets to help meet worldwide demand. Tungsten is primarily used for industrial drilling and cutting tools, as well as for electronics and specialized steels.

The United Kingdom

The majority of tungsten reserves in the United Kingdom are in the southwest of England, primarily Western Devon and Cornwall. Both of these locales have long histories of mining, though operations have declined in recent years. There are currently not enough reserves in the area to be reported by the U.S. Geological Survey.

Specialty metals company Wolf Minerals (ASX:WLF) is one of the major companies operating tungsten projects in the United Kingdom. Its primary asset is the Hemerdon mine, which produces tungsten and tin. It is located near the Plymouth in Devin County in the Southwest UK.

Hemerdon has been identified as a “highly economic potential producer of low-cost tungsten,” the company’s website states. Recent research determined it has measured, indicated and inferred resources of 401.4 million tons at 0.13 percent WO3, which is tungsten trioxide.

Spain

There are currently not enough tungsten reserves in Spain to be reported by the U.S. Geological Survey, but the western side of the country is home to the most mining of the metal. Three companies engaged in exploration, development and mining of tungsten assets in Spain are Almonty Industries (TSXV:AII), Ormonde Mining (LSE:ORM) and W Resources (LSE:WRES).


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