Queensland Tungsten Mine to Start Production in 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.

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