Warren Buffet Invests in Tungsten

MoneyWeek reported Warren Buffet has recently invested in a mining operation looking for tungsten.

As quoted in the market news:

IMC Group is one of the world’s largest metalworking product firms. It’s 80% owned by Warren Buffett’s holding company Berkshire Hathaway. And IMC has recently invested $80m in a mining project.

It isn’t in the US, or indeed anywhere near it. It’s at Sangdong, in South Korea, and it’s controlled by a firm called Woulfe Mining (TSXV: WOF).

Click here to read the full MoneyWeek report.