Posted: 3/4/2008 7:19:23 PM EDT
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Ive been researching a lot about metals. It came to my attention that the US has no opperating Tungsten mines. Currently China supplies 83% of the worlds supply of Tungsten. I read (cant find the page now) that the USA relies on about 25% of its Tungsten supply from recycled material, however the amount being recycled each year has dopped considerably. Also China's demand for Tungsten is or has surpassed their supply. With the talk of recession in the air, would investment into a Tungsten minning company be a bad one. On a side note, my company has been throwing away used tungsten filaments and scrap for a while now. I think i might have to start raiding our trash bin. ETA: W (tungsten) is used in marking armor for our military. |
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Margins on tungsten are slim, for the same reason antique safes aren't worth shit. It weighs alot and comes from far away places. It costs alot to move around. There are also unresolved issues of toxicity. Unless there is some vast untapped tungsten reserve closer to home where we can get to it, you'd probably be better off investing in an emu farm. |