Industrial Metals News – Early July 2025
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The business hoping to reopen the world’s second-largest tungsten mine in the South West has raised more funding to undertake a study of its economic viability.
The additional £4.3m received by Plymouth-based Tungsten West means it has raised nearly £30m to investigate restarting commercial operations at the Hemerdon tungsten and tin mine in nearby Plympton. The latest fundraising has come from through an additional tranche to the existing convertible loan note facility.
Copper entering the US from other countries is set to face a new tax of 50%, President Donald Trump has said. The decision carries through on tariff threats the president made earlier this year, when he ordered an investigation into how imports of the metal were affecting national security.
Similar probes are looming over other sectors, including pharmaceuticals, semiconductors and lumber, as part of a wider embrace of tariffs that Trump claims will protect and boost American industry.
