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strategic metals China exportsCNBC
•87% Informative
Tungsten is nearly as hard as diamond and has a high energy density.
It's an important material in weapons, autos, electric car batteries, semiconductors and industrial cutting machines.
While the Biden administration raised tariffs on imports of tungsten in May , China this past weekend did not include the metal in new regulations for boosting its oversight of domestic rare earths production.
Other non-Chinese companies in the tungsten supply chain are going to South Korea .
IMC Endmill , an affiliate of Warren Buffett-owned IMC Group , signed an agreement with the Daegu city government for a $93.6 million investment.
After the mine reopens later this year , Almonty expects his company will account for only 7% or 8% of global supply.
VR Score
89
Informative language
88
Neutral language
68
Article tone
formal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
10
Source diversity
10
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