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MLG.TO (Malaga INC) Tungsten The New SEXY Metal for 2010

What is driving Tungsten prices currently?


With the increase demand for Tungsten and a short fall of producing mines outside of China. 2010 could prove tobe an explorative up side to the companies that are producing Tungsten and selling it to the market place.

China has increased domestic demand for tungsten products (it is now importing both scrap and concentrate)

China has decreased raw material exports to preserve reserves. The Country went from providing export incentives for tungsten exports to production and export quotas, and is consistently increasing export tariffs

No new major production has actually occurred outside China and won't until late 2009 TO 2012

Rapid increase in mine development costs limit new production

Limited availability of high grade deposits

Overall, there is a very limited supply of tungsten going to markets outside China and demand for tungsten is increasing within China as well. There is an increasing need for new Tungsten Mines to go into production outside China.