Tungsten

Tungsten an industrial commodity and it is used for cutting tool steel and manufacturing products (cutting & machinery steel); therefore demand is closely linked to Global GDP Growth.

Vital’s advanced Watershed Tungsten project, in north Queensland, is attracting international attention due to recent, strong increases in the price of tungsten.  Ammonium Para-Tungstate (APT) is currently trading at over USD 440/mtu.  This price rise is largely the result of strong demand and Chinese export restrictions announced earlier in 2010.