England Revives Tungsten Mine

Bloomberg reported an English mine will challenge China’s grip on tungsten by reopening an old tungsten mine.

As quoted in the market news:

Wolf Minerals Ltd. (WLF) is developing a tungsten mine in Devon, southwest England, 70 years after it was last extracted there. The Hemerdon site is the world’s fourth-largest deposit and can produce about 3.5 percent of global demand for the metal, used to harden steel in ballistic missiles and in drill bits. China provides about 85 percent of worldwide supplies.

Click here to read the full Bloomberg report.