Guardian Metal Resources PLC Share Price (GMET)

Add to that the requirement from the new Fusion reactors, assuming they crack how to do it, needs lots of tungsten in heat shields owing to its incredibly high melting point, the highest of any metals.

I have also read that China had used it's easily mined and good grade assets, which was another reason for it to hold onto what it has.

Gmet with all those previously mined workings which were only half processed, does seem to have had some of the hard work done for it

Asked AI about the tungsten price:

AI says:

Yes, tungsten prices are surging and have reached record highs, with benchmark Ammonium Paratungstate (APT) prices climbing as high as $3,185 per metric tonne unit. This represents a massive spike, driven by a combination of tight supply and skyrocketing global demand.

Key drivers behind this massive price rally include:

Chinese Export Controls: China controls roughly 80% of global tungsten mine production and processed downstream products. Stricter export licensing and reduced domestic mining quotas have heavily constrained global availability.

Defense & Aerospace Needs: Tungsten is heavily utilized in armor-piercing munitions, missile components, and military aircraft counterweights. With rising geopolitical tensions, military consumption has surged, creating a scramble for supply.

Emerging Tech & Industrial Demand: The metal is heavily relied upon in the semiconductor industry (for AI data centers), electric vehicle batteries, and industrial cutting tools.

Impending Procurement Bans: A looming defense procurement mandate that bans tungsten from China, Russia, Iran, and North Korea in key US military applications is driving massive strategic stockpiling.

Good to see the recovery start early.

Tomorrow should see the excess Spacex cash come back to the market, looking for a home. With some luck, some of that cash will come here.

Https://www.youtube.com/watch?v=lNHArMfdNx8

Excellent drilling results today. looking forward to a nice spike at the open, but these guys appear to run a leaky ship given yesterdays sharp up tick in the SP. Someything to bare in mind in the future.