EQ Resources Limited (AU:EQR) has released an update.
EQ Resources Limited has announced a significant surge in tungsten production, with a record-breaking monthly output reflecting a 51% increase compared to the previous quarter. This boost in production from their Australian and Spanish mines aligns with China’s tightened export controls and a new 25% US tariff on Chinese tungsten imports. The company’s growth in output positions it as a key player amidst global supply concerns and heightened demand from defense and semiconductor industries.
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