EQR Signs 9,400t Tungsten Concentrate Agreements With Buyers in Asia, North America, and Europe
EQ Resources Expands Global Reach With Multi-Regional Tungsten Deals
Australian-listed tungsten producer EQ Resources (EQR) has secured five international offtake agreements, supplying 9,400 tonnes of 50% grade tungsten concentrate over the next two years. These agreements position EQR as a key non-Chinese supplier during heightened global supply chain tensions.
According to the company’s 19 March announcement, half of the contracted tungsten will ship to Asian buyers, with the remainder evenly distributed across North America and Europe. EQR declined to name the clients but confirmed that each is a major tungsten product manufacturer.
Strategic Investments Add Value and Security
EQR previously signed a five-year deal with US-based Elmet Technologies in September 2024, setting the stage for long-term supply relationships. Furthermore, the company’s acquisition of Tungsten Metals in November 2024 added ferro-tungsten production capacity of 4,000 t/yr, enhancing EQR’s downstream value proposition.
These moves come amid rising concerns over tungsten supply disruptions. In February 2025, China, which dominates global tungsten production, introduced export restrictions in response to escalating US tariffs. EQR’s strategic positioning offers a reliable alternative for buyers seeking supply chain diversification.
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