Yes, looks like the fundamentals are about to boom, now we just need some more detailed info about when KIS will get back into production.
Here are a couple of quotes from the article you shared:
"...(China) is not only the largest producer of tungsten, but it is also the largest consumer and it is cutting its production to 70 per cent of 2017 levels."
New demand from battery makers
"While China’s crackdown on illegal and environmentally damaging mines has been the biggest factor in tungsten’s price rise, there is also some excitement about new emerging applications in cars and batteries.
Researchers at the University of Central Florida are working on developing a battery containing tungsten compounds that can be charged instantaneously over thousands of cycles.
And German engineer Bosch has developed a new brake disc that generates up to 90 per cent less brake dust using a tungsten carbide coating.
Porsche will be the first to incorporate the new ‘iDisc’ in its 2019 Porsche Cayenne.
US-based market research firm Freedonia predicts global demand for tungsten to rise by 4.2 per cent to 146,400 tonnes in 2019."
The tungsten price has surged to around $413 per metric tonne unit (MTU) this year from a low point of around $210 MTU in 2016.
This has translated into share price hikes for a handful of ASX-listed tungsten players since the start of this year."
KIS Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
