Critical Metals

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.

Click here to read the full Mineweb report.

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TSX19669.17+49.04
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Commodities
Gold1790.79+1.53
Silver20.64-0.07
Copper3.60+0.02
Palladium2202.00-19.00
Platinum942.50-1.50
Oil91.74+0.98
Heating Oil3.31+0.13
Natural Gas7.73+0.14

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