Reported about 12 hours ago
Tungsten miner Lewis Black reports that his clients are in disbelief after China imposed export controls on tungsten, a critical metal for weapon manufacturing, causing Almonty Industries' stock to soar due to anticipated supply shortages. With China producing about 80% of the world's tungsten, concerns rise over potential further restrictions, jeopardizing the global supply chain. Black emphasizes the dependency of various sectors, including manufacturing and defense, on tungsten, as the U.S. and its allies scramble for alternatives amid increasing trade tensions.
Source: YAHOO