Malaga Plans Tungsten Mine Expansion

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.

Click here to read the full Mineweb report.