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    market news

    Queensland Tungsten Mine to Start Production in 2014

    Investing News Network
    Sep. 09, 2011 08:05AM PST
    Critical Minerals

    Mining Weekly reported Vital Metals (ASX:VML) will produce its first tungsten concentrate from the Watershed project in Queensland by 2014.

    Mining Weekly reported Vital Metals (ASX:VML) will produce its first tungsten concentrate from the Watershed project in Queensland by 2014.

    The market news is quoted as saying,

    The project has again become economical as the demand for tungsten increased, driven by industrialisation in developing nations, such as China.

    China was expected to increase its demand for tungsten from its current 45% of global demand to around 70%, with the Asian giant likely to report a 16 000 t deficit by 2016.

    For the complete market news, click here.

    market newsqueenslandchinaasx:vml
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