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Tungsten is critical to a range of industrial, mining and agricultural applications and key uses are in cemented carbides, steel alloys, metal products, lighting, drill bits and jewellery.
With an estimated production of 5,000 tonnes per annum of tungsten concentrate and 1,000 tonnes of tin concentrate, Drakelands will be one of the world’s most important tungsten mines, producing about 3.5 per cent of forecast global demand, providing a secure supply of tungsten – which is regarded as a critical mineral by the UK, US and EU – and pumping hundreds of millions of pounds into the South West and UK economies over the next decade.
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