Why Tungsten?
Uses
Tungsten is indispensable to industries requiring materials with high durability and heat resistance. Its primary applications include:
Aerospace & Defense: Used in military equipment and aviation due to its hardness and heat resistance.
Electronics: Found in semiconductors and high-temperature applications.
Manufacturing: Crucial for cutting tools, mining, and drilling equipment.
Energy: Vital in components used in the technologies for the green energy transformation.
The Tungsten Market
The global tungsten market is experiencing rapid growth, driven by demand in the defense, technology, and energy sectors. As one of the world's hardest metals, tungsten plays an essential role in the global supply chain. Australia, with its rich tungsten deposits, is poised to become a critical player in meeting this demand and Firestone Metals is proud to support Australia’s role in supplying tungsten to global markets.
Critical Minerals Strategy
Tungsten is identified as a critical mineral in Australia’s Critical Minerals Strategy, which highlights its strategic importance to modern technologies, national security and economic stability. Firestone Metals is committed to contributing to this initiative by ensuring the exploration of reliable, sustainable tungsten production for both domestic and international markets.
