Tungsten Supply Dwindling Offering Valuable Opportunity

Forbes reported as tungsten supplies dwindle, now is the best time to invest in the metal used widely in energy efficient technologies.

As quoted in the market news:

Tungsten (W) is among the the world’s hardest materials. The metal’s ability to withstand extreme temperatures – particularly high heat – makes it irreplaceable in applications such as cemented carbide tools (which accounts for 50% of its use), “hard steel” drill bits for oil and gas exploration, rocket engine nozzles, cathode-ray tubes as well as vacuum tube filaments, and (for the time being, anyway) filaments in incandescent light bulbs.  (The latter only accounts for 3% of its use.)

Click here to read the full Forbes report.