Next Investors | VKA to drill US tungsten project just as Trump bans exports
The US has just banned the export of tungsten scrap - yep, even the waste has to stay inside US borders now.
This comes after there were reports China had a recycling network taking American waste material and shipping it back to China.
Literally people meeting up in car parks and buying scrap tungsten with the sole purpose of shipping it back to China.
Tungsten is used in fighter jets, ammunition, including Tomahawk, Patriot and Precision Strike missiles..
And US stockpiles running low (even having to call off strikes because of it), having been reported just a day ago to having used up “virtually all of its long range precision missiles”.
AND it looks like our US tungsten Investment Viking Mines (ASX: VKA | OTC: VKALF) will have the right tailwinds as it drills its project for the first time.
Read the full article here: https://nextinvestors.com/quick-takes/vka-to-drill-us-tungsten-project-just-as-trump-bans-exports/
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