Panasqueira Tungsten-Tin Mine Presentation
APPENDIX 3 - CURRENT TRENDS & NEWS
RESOURCE NATIONALISM LIKELY TO INCREASE
A ALMONTY
fin
SHIFTING
TRENDS &
RISKS
The Mining & Metals sector is experiencing a surge in nationalism, potentially driving
increased sales and production within individual nations, as indicated by the latest
sentiment survey by White & Case
Resource
Increase
The sector's top risks have shifted to heightened geopolitical tensions and the imposition
of inflationary cost pressures, necessitating vigilant monitoring and adaptive strategies
for industry stakeholders
Nationalism
Expectations
Stay
Decrease
POTENTIAL NEW DOMESTIC DEMAND FOR TUNGSTEN IN SOUTH KOREA?
IMPORTANCE OF
TUNGSTEN IN
SOUTH KOREA
Daegu City announced that on February 7, 2024, it signed an investment agreement with IMC End Mill, an affiliate of the IMC (International
Metalworking Companies) Group, to build a tungsten powder manufacturing facility
IMC Group, a 100% Berkshire Hathaway-owned entity and the world's second-largest cutting tool production group, headquartered in Israel,
boasts a robust international presence with over 130 subsidiaries spanning 60 countries.
IMC End Mill, a subsidiary of IMC Group, will spearhead the establishment of a cutting-edge tungsten powder manufacturing facility in
Gachang-myeon, Dalseong-gun, Daegu. This facility is geared towards enhancing the production of semiconductor special gases, with a
substantial investment of 130 billion won (approximately US$97.5 million).
IMC Group President, Ilan Gehry, underscores the commitment to economic prosperity, job creation, and industry advancement. The initiative
aims to distribute high-quality tungsten materials across diverse industries, contributing to the revitalization of the local economy.
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