Tungsten just doesn't have the sex appeal that made investors fall for the rare earth story. But maybe that's its trump card, considering the boom/bust cycle that swept rare earths didn't touch tungsten's slow, steady price increases.
An English mine last used to make armaments to defeat Hitler’s forces will be revived to challenge China’s grip on tungsten, among strategic metals at the heart of a deepening trade dispute with Europe and the U.S.
The China Nonferrous Metals Industry Association (CNMIA) reports tungsten concentrate production fell in the first five months of 2008. Insiders do not believe the reduced output will put a floor under prices yet.