Global Tungsten Carbide Supply Chain
Although no one should abide financing a terrorist organization, US and EU companies will have to determine a) how much physical tungsten is in their supply chain from Colombian sources and b) how to find new, viable sources. With China controlling over 59% of total world tungsten reserves, announcements such as H.C. Starck joining the Nui Phao project in Vietnam not only helps loosen the stranglehold the Chinese have over this market, but also paves the way for a conflict-free source of supply. Even though Colombia supplied less than 1 percent of the world’s tungsten in 2012, according to the U.S. Geological Survey, no company wants to be linked to conflict minerals (Apple, Samsung, BMW, Volkswagen and others have promised to extract conflict sources from their supply chains). The question then becomes how to go about auditing suppliers or extracting tainted supply.
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