
EQ Resources responds to growing tungsten demand
EQ Resources responds to growing tungsten demand EQ Resources (ASX: EQR) has entered five long-term offtake agreements for the next 24 months of production from its tungsten operations in Australia and Spain. Based on the current pricing for tungsten, the total value of these agreements is estimated to be $195m (US$124m), representing volumes of 470 containers, each container holding 20mt of 50% tungsten trioxide concentrate. These long-term offtake contracts have been executed with leading international tungsten consumers. EQR says the counterparties to these agreements are well-known producers of tungsten and tungsten-related products and considered to be in the top three producers in their respective markets, covering the production of ammonium paratungstate (APT), tungsten oxide and tungsten carbide materials— with all...









