Tungsten Mining: The Model for Tungsten

Company Presentations

Tungsten is still the right sector to be involved in and the reason for that is that of all of the commodity metals, it’s maintained the most steady growth ever since it was first used in industry about 76 years ago.
During the financial crisis, consumption of tungsten stayed fairly steady. Demand for new metal dropped because most of the material being used in consumption was by de-stocking inventory.
As soon as the global financial crisis finished, there was a major panic in tungsten buying to replace those inventories and that’s why 2011 saw a massive peak in production and in prices. 2012 was a fairly flat year but 2013 so far and expected to continue – there’s been a steady rise in price back to levels that are immediately pre-GFC.