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Strategic Metal Under Radar | Oliver Friesen
Tungsten prices have been surging higher. The metal is critical in defense, and ironically the US gets a large amount of its tungsten from China. Golden Metal Resources PLC (AIM:GMET, OTCQB: GMTLF) is a Nevada focused critical and precious metals exploration and development company which owns the flagship Pilot Mountain Project, believed to host the largest tungsten deposit on American soil. Oliver Friesen,
CEO & Executive Director, joins us to discuss.
We're proud to have Golden Metal Resources PLC (https://www.goldenmetalresources.com) as a sponsor of LibertyAndFinance.
The new 25% tariff on Chinese tungsten imports into the USA. https://www.wiley.law/alert-Administration-Releases-Details-on-Planned-Increases-to-Section-301-Duties-on-Imports-from-China
Tungsten prices increasing almost 20% over the last 4 months alone: https://www.fastmarkets.com/insights/four-reasons-behind-the-ten-year-high-of-chinese-tungsten-prices/
Tungsten also shows promising long-term demand, emerging via a brand new tungsten breakthrough in fusion energy technology: https://www.popularmechanics.com/science/green-tech/a60738829/fusion-reactor-tungsten-breakthrough/
INTERVIEW TIMELINE:
0:00 Why tungsten?
5:08 Fusion power
10:17 US Government Support
13:36 US-based tungsten
19:30 Resources
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