Guangdong Xianglu Tungsten Industry Long-Term Contract Prices for the First Half of February 2026

The University of Tsukuba in Japan successfully developed a new-type magnesium-air solid-state battery, using a nitrogen-doped porous graphene cathode to solve the problem of chloride corrosion, providing a high-safety, low-cost technological pathway for flexible electronics and wearable devices. At the same time, the Record Ridge magnesium mine project in British Columbia, Canada, has triggered strong opposition from the local tourism community over plans to transport ore to China for processing, and has been halted by litigation, with a court hearing scheduled for March 10. The two developments respectively highlight magnesium’s cutting-edge applications in new energy technology and the real-world tensions in resource development.

[SMM Tungsten Express] US Antimony released a resource estimate for its Fostung tungsten project in Ontario. SRK Consulting reported an inferred resource of 14.62 million tonnes grading 0.17% WO₃, containing 53.6 million lbs of tungsten metal, valued at approximately $4.6 billion at current prices. The company plans to fast-track the project as the next North American tungsten producer and has applied for U.S. Defense Production Act funding. Neither the U.S. nor Canada has produced tungsten concentrates since 2016.

[SMM Magnesium Express] West High Yield Resources' Record Ridge magnesium project in BC faces strong local opposition after receiving provincial approval. The deposit hosts over 10.8Mt of high-grade magnesium but sits adjacent to Red Mountain resort and world-class bike trails. Opponents fear asbestos-laden dust threatens the C$40M annual tourism economy and resident health. The company plans to ship ore via U.S. ports to China for processing, with no plans to return refined product to Canada, raising questions about critical minerals supply chain benefits. Legal challenges are underway.