Demands for tungsten Ore Ascends
- Category: Tungsten’s News
- Published on Friday, 09 August 2013 09:26
Although China produces the most tungsten — about 85 percent of global output — authorities there impose tight controls on the metal to assure domestic manufacturers have enough. That’s forcing companies to scour the globe for mines elsewhere, the USGS says.
One company that buys and processes Colombian wolframite, or tungsten ore, supplies some of the world’s leading multinational corporations — including the makers of BMWs, Ferraris, Porsches and Volkswagens as well as Siemens AG (SIE) and the producer of BIC pens, these companies say.
Apple Inc., Hewlett-Packard Co. (HPQ) and Samsung Electronics Co. purchase parts from a firm that buys from the company that imports tungsten ore from Colombia, company records show.
Since 2008, there have been 40 shipments of tungsten ore from Colombia by 14 companies, according to government export documents. Although none of the records from these shipments say the tungsten ore comes from FARC-run Tiger Hill, Colombian authorities are convinced that it does.
Cesar Melendez, the Environment Ministry’s director whose jurisdiction includes much of Colombia’s Amazon region, says the shippers are hiding the tungsten ore’s true origins.
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