Tungsten hit by global uncertainty

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Sun, Sep 28, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Tungsten Investing News reports with the US financial turmoil, bailout plans and global uncertainty, tungsten has been hit hard.

The announcement that Golden Predator will delay the opening of the mine was a huge blow to non-Chinese tungsten consumers. China produces 90 per cent of the world’s tungsten, and regards it as a strategic metal. Fears are being expressed that the country could cut exports at any time, a step it has taken in the past.

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