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Mining Weekly reported that with China looking to secure tungsten supply from outside its borders, companies not in the Asian nation may be able to finance their projects.
Mining Weekly reported that with China looking to secure tungsten supply from outside its borders, companies not in the Asian nation may be able to finance their projects.
As quoted in the market news:
Tungsten, or wolfram as it is also called, is relatively abundant, not particularly difficult to mine and process, and the pace of project evaluations has become quite rapid.
Speaking at a ‘Specialty metals and industrial minerals’ presentation during the Prospectors and Developers Association of Canada’s 2015 convention, British market intelligence firm Roskill Information Services MD Robert Baylis told attendees that the asset-development pyramid was now top-heavy, with five projects at financing/permitting stage, five having completed definitive feasibility studies (DFS), or optimisation, and a further six or seven in the DFS or prefeasibility stages.