As the world's second largest tungsten reserve owner, Russia definitely plays an important role in the tungsten supply market. 

The COP26 meeting on climate change in Glasgow discussed accelerated actions and strategies to achieve the goals outlined in the Paris Agreement, with India committing to increase its non-fossil fuel energy capacity to 500 GW by 2030, reduce the economy's carbon intensity to less than 45% of 2005 levels by 2030, and achieve the goal of net-zero emissions by 2070. The country must therefore take action to mine and explore critical minerals such as rare earths, lithium, molybdenum, etc. for green technologies.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s domestic tungsten price remains unchanged from previous week when the whole market is caught in heavy wait-and-see atmosphere. The epidemic and geopolitical conflicts are intensifying the uncertainty and risks in the market, including financial markets, energy prices, commodity trends, and logistics capacity, etc.

Australian Tungsten Mining has signed a Memorandum of Understanding (MOU) with MCCI to develop a collaborative plan for the feasibility study of its Mt Mulgine tungsten project.