# tungsten

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/tungsten-company
Canonical HTML page: https://getyourbrief.com/entity/tungsten-company

## Timeline

- **2026-08-25**: UK Government announces £71m investment — Chancellor John Healey and Business Secretary Jonathan Reynolds confirmed National Wealth Fund support to restart Hemerdon mine, including £36m for 7% equity and £35m restart funding.
- **2026-08-25**: UK Government announces £71m investment — Chancellor John Healey and Business Secretary Jonathan Reynolds confirmed National Wealth Fund support to restart Hemerdon mine, including £36m for 7% equity and £35m restart funding.
- **2023**: Tungsten West warned of precarious finances — Operator Tungsten West warned it was in a precarious financial position, raising doubts about Hemerdon's future.
- **2023**: Tungsten West warned of precarious finances — Operator Tungsten West warned it was in a precarious financial position, raising doubts about Hemerdon's future.

## Recent coverage (8 stories, network-wide)

### Tungsten Supply Shift: Almonty's 326% Rally Signals De-Risking
2026-09-20 00:05:55 · Sector: supply · Sentiment: Neutral · Impact: 5/10 · Sources: 2

For supply chain and procurement leaders, Almonty Industries' Sangdong mine production ramp introduces a meaningful non-Chinese tungsten source at a time of tightening critical mineral supply. The stock's 326% rally reflects market pricing of that strategic value, though a roughly 65x earnings multiple leaves little room for execution setbacks. This briefing breaks down what the ramp means for supplier diversification, cost stability, and Western manufacturing resilience.
Full story: https://getsupplybrief.com/story/tungsten-supply-de-risking-almonty-326-rally

### EU's 4 China-reliant sectors face supply chain overhaul toward India
2026-09-12 21:20:49 · Sector: supply · Sentiment: Neutral · Impact: 5/10 · Sources: 2

A new report urges the EU to copy the UK's playbook for decoupling critical supply chains from China by shifting electronics, solar components, pharmaceuticals, and rare earths sourcing toward India. Procurement and manufacturing leaders should note the call for a phased, sector-by-sector transition rather than an abrupt switch.
Full story: https://getsupplybrief.com/story/eu-china-supply-dependency-india-diversification

### £71m Hemerdon Restart Locks 50% of UK Tungsten Supply
2026-08-25 13:59:23 · Sector: supply · Sentiment: Positive · Impact: 6/10 · Sources: 3

The £71m public investment through the National Wealth Fund will restart Devon's Hemerdon mine, giving the UK the right to ringfence 50% of output and ease reliance on overseas tungsten.
Full story: https://getsupplybrief.com/story/uk-tungsten-supply-hemherdon-71m

### UK £71m Tungsten Mine Restart Shields 50% Defence Supply
2026-08-25 13:59:14 · Sector: space · Sentiment: Positive · Impact: 6/10 · Sources: 3

The UK's £71m National Wealth Fund investment to revive Hemerdon mine will ringfence 50% of tungsten output for domestic defence, nuclear and aerospace industries, cutting exposure to import risks.
Full story: https://getspacebrief.com/story/uk-tungsten-mine-defence-supply-71m

### £36m Stake Values UK Tungsten Mine at £514m Implied
2026-08-25 13:59:04 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 3

The National Wealth Fund is paying £36m for a 7% equity stake in Tungsten West's Hemerdon mine, implying a £514m valuation, plus £35m to restart production—a high-conviction strategic investment in a previously distressed asset.
Full story: https://getfinancebrief.com/story/uk-tungsten-mine-finance-valuation-71m

### Wall Street Fees Hit $210M in Trump Sons’ $1.6B Kazakh Tungsten Conflict
2026-06-29 04:34:32 · Sector: finance · Sentiment: Negative · Impact: 7/10 · Sources: 2

Cantor Fitzgerald raised $210M for a partner in the Kazakhstan tungsten mine, while Trump sons’ Dominari grabbed a 20% equity stake—all while their fathers negotiated $1.6B in federal backing. The NYT uncovers an $8.9B web of conflicts.
Full story: https://getfinancebrief.com/story/trump-kazakhstan-tungsten-finance-conflict

### Tungsten Supply Diversification Derailed by $8.9B in Trump Family-Linked Deals
2026-06-29 04:33:53 · Sector: supply · Sentiment: Negative · Impact: 7/10 · Sources: 2

As the U.S. seeks to break China’s 80% tungsten monopoly, a $1.6B Kazakhstan mine deal embroiled in Trump and Lutnick family profiteering threatens to stall critical mineral supply chain efforts, alongside $8.9B in similarly tainted projects.
Full story: https://getsupplybrief.com/story/trump-kazakhstan-tungsten-supply-chain-ethics

### $1.6B U.S. Missile-Tungsten Deal Ensnares Trump Sons in Conflict-of-Interest Scandal
2026-06-29 04:32:44 · Sector: space · Sentiment: Negative · Impact: 7/10 · Sources: 2

Key tungsten deposit for missile warheads becomes entangled in family profiteering as Trump sons’ firm takes a 20% stake in a $1.6 billion federally backed project. The scandal casts a shadow over U.S. defense supply chain diversification.
Full story: https://getspacebrief.com/story/trump-sons-kazakhstan-tungsten-defense-conflict

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