American Tungsten Reaffirms Strategic Position Amidst Expanded Chinese Export Controls
Vancouver, BC, February 10, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”), a leading North American tungsten producer, reaffirms its strategic position in the global tungsten market following China’s recent expansion of export controls on key minerals, including tungsten. This decisive action by the Chinese government comes in response to escalating U.S.-China trade tensions.
China’s Expanded Export Controls on Tungsten
China, the world’s largest supplier of tungsten, has been ramping up export controls on various strategic minerals to protect its domestic industries and secure its economic interests. In late 2024, the Chinese government introduced export quotas for rare earth elements and imposed additional tariffs on certain minerals, including tungsten. These measures aimed to reduce exports and increase domestic production.
Impact on American Tungsten
American Tungsten, with its strategic tungsten deposits and advanced processing facilities in North America, is well-positioned to capitalize on the changing global tungsten market dynamics. The Company’s domestic production and strategic partnerships provide a competitive advantage, allowing it to fill the supply gap created by China’s export controls.
Impact on Consumers and the World
The expanded export controls on tungsten will have far-reaching implications for industries reliant on this critical mineral. Tungsten is a vital component in various industries, including steel, electronics, and aerospace. The disruption in the global tungsten supply chain could lead to price volatility, supply shortages, and potential production delays.
- Steel Industry: Tungsten is a crucial alloying element in high-strength steel, used extensively in infrastructure, automotive, and construction sectors. The potential shortage could result in increased steel prices and slower project completion times.
- Electronics Industry: Tungsten is a key component in the manufacturing of capacitors, microswitches, and other electronic components. The disruption in the supply chain could lead to increased prices and potential production delays, affecting consumer electronics and industrial applications.
- Aerospace Industry: Tungsten is used in the manufacturing of high-performance alloys and as a component in various aerospace applications, including jet engines and landing gear. The potential shortage could impact the production and delivery of aircraft, affecting both commercial and military sectors.
Conclusion
American Tungsten’s strategic position in the North American tungsten market is more vital than ever as China expands its export controls on key minerals. The Company’s domestic production and strategic partnerships provide a competitive advantage, allowing it to capitalize on the changing market dynamics and meet the growing demand for tungsten. The expanded export controls will have far-reaching implications for industries reliant on this critical mineral, including steel, electronics, and aerospace. Consumers and businesses should prepare for potential price volatility, supply shortages, and production delays as the global tungsten supply chain adapts to these new market conditions.
American Tungsten remains committed to its mission of securing a stable and sustainable supply of tungsten for its customers and partners. The Company’s focus on innovation, efficiency, and sustainability will continue to differentiate it in the global market and enable it to meet the evolving demands of its customers.
As the world navigates these new market conditions, American Tungsten is well-positioned to provide a reliable and secure source of tungsten, ensuring the success of its customers and partners in the face of uncertainty.
