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This infographic below visualizes tungsten properties, uses, and the affect that China's global supply dominance is having on tungsten prices. Currently, tungsten is primarily used to make cemented carbide, an incredibly hard material used in wide variety of industrial areas. China is currently the world's largest producer, exporter and consumer of tungsten, and as a result their actions in the tungsten space have considerable affect on the global tungsten markets. Click on the image below to get the full story.

(click to enlarge)

We try to cover the context of a commodity, in this case tungsten, and we encourage investors to do their own due diligence on companies in this space. That said, we do have some recommendations on where to start your research.

One of the most exciting upcoming tungsten projects is the Sangdong Tungsten-Molybdenum Project owned by Woulfe Mining Corp (OTCPK:WFEMF). Their recent feasibility study presents a net present value of $400 million. Warren Buffett's Berkshire Hathaway (BRK.A) invested $70 million in Woulfe Mining in February of 2012.

North American Tungsten (NTC) has become the largest producer of Tungsten in the Western world, and has a market cap of approximately $90 million CDN. Unlike most companies in the tungsten space today, North American Tungsten hold's strategic properties outside of China. They have recently reported that production has increased in the last six months.

Not to be confused with Woulfe Mining Corp, Wolf Minerals is another interesting junior exploration company in the tungsten space. Wolf (ASX: WLF, AIM: WLFE) has identified a world class tungsten deposit at the Hemerdon property in Devon, England that is currently awaiting final approvals. Development will begin in this year and is expected to be completed by 2013.

Largo Resources (OTCPK:LGORF), a Canadian exploration company, owns the Northern Dancer property which is the largest undeveloped tungsten project in the world. It has the potential to fulfill 10% of the world's tungsten demand at below average operating costs.

Other interesting companies to research include Malaga Inc (OTC:MLGAF), which owns a producing property in Peru and has a $25 million CDN market cap. Both Adex Mining Inc (OTC:ADXDF) and Geodex Minerals Ltd (OTC:GXMLF) are exploring tungsten deposits in New Brunswick, Canada, and are also worth noting.

We hope that our infographic has brought you up to speed on the tungsten space, and that this article has helped kick start your research on this area.

Source: Tungsten: An Industrial Metal With An Unstable Supply

Additional disclosure: Visual Capitalist content is researched independently with the goal of educating investors on resource investing and management. Visual Capitalist does not receive direct compensation to produce this content, though it does provide other services and sponsorship opportunities from time-to-time to help cover costs.