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Mineweb reported Malaga (TSX:MLG) has excellent exploration potential around its operations and plans to double output.
Mineweb reported Malaga (TSX:MLG) has excellent exploration potential around its operations and plans to double output.
As quoted in the market news:
One can probably count the number of operating primary tungsten mining operations located outside China on the fingers of one hand, yet this is a critical metal for its varied applications. Depending on who you talk to though, the supply/demand ratio is either in a small surplus, or a small deficit, which probably means it is pretty much in balance. Prices have come off a bit from their peak, but still remain at a relatively healthy $340/metric ton unit (mtu), but down from $445-460 last year.