Global Tungsten & Powders Secures New Tungsten Suppliers from Korea and Rwanda Amid U.S.-China Trade Restrictions
Global Tungsten & Powders (GTP) in Pennsylvania is sourcing tungsten from Korea and Rwanda due to U.S. import restrictions on Chinese tungsten. The company, a major tungsten processor, produced over 12,000 metric tons last year. Record prices exceeding $30 per pound have resulted from trade tensions and military demands. GTP has contracted mined tungsten from Korea's Sandong mine, which has reopened, and from Rwanda's Nyakabingo mine, despite shipping delays due to regional conflicts. The U.S. military's use of tungsten has prompted a push for non-Chinese sources.
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Global Tungsten & Powders (GTP), based in Pennsylvania, is seeking new tungsten suppliers in Korea and Rwanda due to U.S. restrictions on Chinese imports. With over 12,000 metric tons of tungsten powder produced last year, GTP faces rising prices exceeding $30 per pound amid a global tungsten rush.
The Sandong mine in Korea has reopened with support from the Korean government, while Rwanda's Nyakabingo mine faces shipping delays due to regional conflicts. GTP's owner, Plansee, has shifted towards securing non-Chinese tungsten sources, critical for military applications. The company is currently operating at full capacity and plans to expand production in Towanda.
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