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The Elmet Group secures long-term tungsten supply via agreement with Tungsten West's Hemerdon mine

Executive summary: The Elmet Group signed a long-term off-take agreement with Tungsten West for tungsten sourced from the Hemerdon mine. The deal bolsters supply chain security for critical minerals in Western allied nations, reducing dependence on non-allied sources.

Who is involved: The Elmet Group, Tungsten West, and the Hemerdon mine.

Likely next: Execution of the supply agreement as Tungsten West moves toward the relaunch of the Hemerdon mine operations.

The Elmet Group has formalized a long-term purchase agreement with Tungsten West to source tungsten from the Hemerdon mine. This move aims to strengthen critical mineral supply chains across the US, UK, and allied nations by tapping into one of the world's largest tungsten deposits. The agreement follows significant recent capital injections into Elmet Group from defense-related entities.

What's next — scenarios

Base: Successful mine relaunch and supply integration (60%)

Steady tungsten supply for Elmet Group and strengthened Western mineral security.

Downside: Operational delays at Hemerdon (30%)

Elmet Group faces supply shortages or must seek alternative, potentially more expensive, sources.

Upside: Rapid expansion of critical mineral networks (10%)

The deal triggers further allied investments in domestic mining infrastructure.

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Analysis — what this means

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