GREY:WFEMF - Post by User
Comment by
TELEMARKERon Feb 16, 2013 2:31pm
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Post# 21000452
RE: RE: RE: Mineweb
RE: RE: RE: Mineweb TMR: What are some other industrial metal plays you're following?
CE: Tungsten, mainly. Tungsten has gotten prospective. There were a lot of companies lining up for the tungsten race in 2011, but 2012 proved to be difficult for financing. The tungsten price dropped from around $450/ton down to $320/ton. That took the wind out of the sails. It's still a phenomenal price for tungsten, but without financing ability, companies mothballed their projects. There's no improvement in what was a pretty dire supply dynamic because China has been restricting its tungsten exports.
TMR: How can investors play the tungsten market?
CE: Woulfe Mining (WOF:TSX.V) in South Korea has the world's former largest tungsten mine that it's reactivating.