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EQR bags tungsten offtake agreements worth $124m
Australia-based EQ Resources (EQR) has finalised five long-term offtake agreements covering its tungsten production from Australia and Spain for the next 24 months, securing sales valued at an estimated $124-million based on current tungsten prices. The agreements, executed in collaboration with EQR’s marketing partner CRONIMET, involve leading international tungsten consumers. The counterparties include top-tier producers of ammonium paratungstate (APT), tungsten oxide, and tungsten carbide materials - products recently subjected to export restrictions by China.
Australia-based EQ Resources (EQR) has finalised five long-term offtake agreements covering its tungsten production from Australia and Spain for the next 24 months, securing sales valued at an estimated $124-million based on current tungsten prices.
The agreements, executed in collaboration with EQR’s marketing partner CRONIMET, involve leading international tungsten consumers. The counterparties include top-tier producers of ammonium paratungstate (APT), tungsten oxide, and tungsten carbide materials - products recently subjected to export restrictions by China.
