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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Post by Natrav54on Dec 22, 2024 5:43pm
100 Views
Post# 36374396

China is importing tungsten

China is importing tungsten
why is china importing tungsten

China is importing tungsten for several reasons:

  1. Domestic Demand: China's domestic demand for tungsten has been growing significantly. This demand is driven by various industries, including aerospace, automotive, and electronics, which require tungsten for their manufacturing processes.

  2. Supply Shortages: Despite being the world's largest producer of tungsten, China has faced tight supply conditions for the past two years. This has led to an increase in tungsten concentrate imports to meet the domestic demand.

  3. Production Costs: The production costs in the Chinese tungsten market have risen rapidly. Importing tungsten can sometimes be more cost-effective than increasing domestic production.

  4. Strategic Stockpiling: China may also be importing tungsten to build strategic stockpiles, ensuring a stable supply for critical industries and mitigating the impact of any future supply disruptions.

These factors highlight the complex dynamics of the tungsten market and China's strategic approach to securing this essential resource.


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