Elmet Group signs long-term tungsten supply deal with Tungsten West’s Hemerdon mine

Bitget2026/09/23 16:40

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

The Elmet Group signed a long-term tungsten concentrate purchase agreement with Tungsten West tied to the Hemerdon mine in England.
Planned purchases exceed 1,000 metric tons per year of tungsten concentrate (WO3 equivalent), with both sides targeting higher volumes over time.
At current tungsten APT prices, the buying program represents more than USD 230 million per year.
Material will be converted into APT and downstream intermediates, then supplied to Elmet production sites in Maine, Michigan, Ohio.
Hemerdon targets full production capacity by end of Q1 2027 following a GBP 71 million UK National Wealth Fund investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Elmet Group Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609231239OMX_____CNEWS_FR_GNW9832639_fr) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Elmet Group signs long-term tungsten supply deal with Tungsten West’s Hemerdon mine

You may also like

Crypto prices