Seems the export controls are having an immediate effect. Ideally, I would prefer to see them dropped after other countries start making investments in alternative sources, to drive competitors out of business and maximize their losses.
Tungsten Miner Says Clients in Disbelief as China Chokes Supply
The phone has been ringing off the hook for Lewis Black after China imposed export controls on tungsten, a niche metal mined by his firm that’s crucial to weapons manufacturing. The chief executive officer of North America’s said his customers are in a “state of disbelief” following Beijing’s move on Tuesday, one of a suite of measures announced as a riposte to tariffs placed on Chinese goods by the Trump administration.
- Almonty CEO cites market concerns Beijing may lift scrap ban
- North American firm has operations in Portugal and South Korea