Tungsten is a strategic metal

While high metal prices for most industrial metal can spell long-term trouble, tungsten is one of the few metals with no good replacements.

CPM Group's study of tungsten says that there is robust supply with China contributing over 85% of world demand, but ". . . over the longer term, tungsten’s unique physical properties and lack of viable substitutes should support demand and prices."

Carbine Tungsten Limited (ASX:CNQ) aims to become Australia's significant tungsten producer.

The company is focussed on its Mt Carbine Project in far north Queensland.

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