Tungsten: One Of The Heaviest Metals & A Hard Act To Follow

November 19, 2012

 

Major Tungsten Projects

A number of different quoted companies, of varying sizes and outside of China, are looking to seize the opportunities offered by the health of, and continuing demand in, the tungsten market. Some of the larger projects include:

Company

Ticker

Project Name/Area

Country

Carbine Tungsten Limited

CNQ:AU

Mt Carbine

Australia

Deutsche Rohstoff AG

DR0:GR

Wolfram Camp

Australia

EMC Metals Corp

EMC:CN

Springer

USA

Hazelwood Resources Ltd

HAZ:AU

Cookes Creek

Australia

King Island Scheelite Limited

KIS:AU

King Island

Australia

Largo Resources Ltd.

LGO:CN

Currais Novos

Brazil

 

 

Northern Dancer

Canada

Ma San Group Corporation

MSN:VN

Nui Phao

Vietnam

North American Tungsten Corporation Ltd

NTC:CN

Mactung

Canada

Northcliff Resources Ltd

NCF:CN

Sisson

Canada

Ormonde Mining PLC

ORM:LN

Barruecopardo

Spain

Thor Mining PLC

THR:LN

Molyhill

Australia

Uzbekistan-Korea* Tungsten

-

Sautbay

Uzbekistan

Venture Minerals Ltd

VMS:AU

Mt Lindsay

Australia

Vital Metals Ltd

VML:AU

Watershed

Australia

Wolf Minerals Limited

WLF:AU

Hemerdon

England

Woulfe Mining Corp

WOF:CN

Sandong

South Korea

*The Korean company is Shindong Resources Co. Ltd

 

Other companies currently involved with tungsten include:

Company

Ticker

Almonty Industries Inc

ALL:CN

Avrupa Minerals

AVU:CN

Blackheath Resources Inc

BHR:CN

Happy Creek Minerals Ltd

HPY:CN

Heemskirk Consolidated Limited

HSK:AU

Malaga Inc

MLG:CN

Playfair Mining Ltd

PLY:CN

Tasmania Mines Limited

TMM:AU

 

For those interested in Chinese tungsten companies, quoted companies involved in the metal include:

Company

Ticker

China Molybdenum Co Ltd

3993:HK

Chongyi Zhangyuan Tungsten Co Ltd

002378:CH

Minmetals Development Co

600058:CH

Xiamen Tungsten Co Ltd

600549:CH

 

From Here Forward

On the face of it, the outlook for tungsten, despite the current economic climate, looks encouraging, with demand likely to continue to grow in years to come. The plethora of tungsten projects and companies involved in exploration for the metal appears to reflect this view.

It would, however, be prudent to bear in mind history, and China's continuing dominance, for the present, of the tungsten market.

Yes, the WTO action by the U.S., the EU and Japan seeks to redress what they perceive as unfair restrictions on trade in the metal. But because of its position in the market, there is no knowing whether China might not, as it has before, flood the market with cheap APT and WO3 concentrate, thereby scuppering miners, processors and exploration companies alike.

While it might be considered heretical so to say, it could be well worth keeping an eye on what is going on in the rare earth "pace" at the moment and how things pan out there. Events therein could provide salutary lessons for future developments in the tungsten "space."

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