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As deglobalisation shapes supply chains, tungsten is emerging as a critical resource for sectors like defence and artificial intelligence. With China now controlling over 80% of the global supply, the need for diversification has never been more pressing.

To talk about the global tungsten market, Almonty Industries (ASX:AII), and more, The Market Online’s Lyndsay Malchuk sat down with Sphene Capital analyst Peter Thilo.

Above is Lyndsay’s Capital Compass conversation with Mr Thilo on the big 2025 topic.

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