Some thoughts on #tungsten below:
2020 market size was about 106,000 tonnes
80% of this comes from China
7% was consumed in defence, of which 80% goes into ammunition
7% was consumed in a depressed Oil and Gas sector
24% was consumed in a depressed mining sector
2020 market size was about 106,000 tonnes
80% of this comes from China
7% was consumed in defence, of which 80% goes into ammunition
7% was consumed in a depressed Oil and Gas sector
24% was consumed in a depressed mining sector
One of the likely fallouts from the Russia / Ukraine invasion are Free World policy shifts towards energy and raw material independence becoming strategic priorities.
#Tungsten's main uses are for whenever you drill, cut metal and for specialty alloys. It is largely unsubstitutable for these applications.
Energy independence = drilling: MORE #TUNGSTEN REQUIRED
Metals independence = exploration drilling and more mines: MORE TUNGSTEN REQUIRED
Increased defence spending = MORE TUNGSTEN REQUIRED
Metals independence = exploration drilling and more mines: MORE TUNGSTEN REQUIRED
Increased defence spending = MORE TUNGSTEN REQUIRED
Conclusion: 38% of end uses for #Tungsten are very likely to see a significant demand shock, starting now.
$tun #Tungsten
Tungsten West's Hemerdon Project is the second largest tungsten deposit in the World. Production starts early 2023 - supply about 4% if World demand.
$tun #Tungsten
Tungsten West's Hemerdon Project is the second largest tungsten deposit in the World. Production starts early 2023 - supply about 4% if World demand.
$tun
Tungsten West trades on the AIM exchange under symbol TUN
Tungsten West trades on the AIM exchange under symbol TUN
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