Sasha Cekerevac, co-editor for online financial newsletter Penny Stock Detectives, believes that China's decision to limit the supply of the element tungsten in the world market will be a boon for the few tungsten stocks out there. In a recent Penny Stock Detectives article, Cekerevac argues that miners around the world that can now supply tungsten to the world will benefit greatly, as China supplied the world with roughly 85% of the supply of tungsten needed.
Sasha Cekerevac, co-editor for online financial newsletter Penny Stock Detectives, believes that China's decision to limit the supply of the element tungsten in the world market will be a boon for the few tungsten stocks out there. In a recent Penny Stock Detectives article, Cekerevac argues that miners around the world that can now supply tungsten wire to the world will benefit greatly, as China supplied the world with roughly 85% of the supply of tungsten needed.
"When it comes to investing, tungsten stocks tend not to be mentioned in the same frequency as other junior mining companies," notes Cekerevac. "Part of the reason is that investors aren't aware of the variety of uses for tungsten. As the second-hardest substance after diamonds, tungsten's industrial usage is increasing substantially, including for drilling and cutting purposes. There are some very interesting junior mining companies that are penny stocks involved with tungsten extraction."
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