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1) The president of Cambridge House International, Jay Martin said that "the era of trust is over. We are entering a new era of deglobalization. The trust that allowed for global trade over the last 30 years has shifted irreversibly, and countries are now scrambling to secure supplies of natural resources as a matter of national security." With all major powers trying to secure their own supply chains, it will increase the demand for natural resources in the next couple years. Jay Martin will be the host of the Vancouver Resource Investment Conference on January 29-30, where over 300 mining junior companies meet to discuss global marco topics and position themselves for success. The conference is the largest mining investment specific conference in Canada that allows investors to make educated financial decisions to support projects and educate people on the commodity markets. Speakers at the conference include globally respected economists, investors, money managers, and newsletter writers.
2) A Tungsten mine in the United Kingdom has the potential to become the largest mine in the world according to a new feasibility study. Tungsten West, the mining company, published a report that shows the mine can become the biggest in the Western world. The project has already developed significant infrastructure and began pre-stripping of the open pit. Mark Thompson, the executive vice chairman of Tungsten West, said: "The feasibility study provides solutions to the energy price challenges and will enable increased operating efficiencies at the project." Tungsten is a critical metal that is used in military applications, such as bullets and grenades, as well as tools, TVs and light bulbs. The primary use is to make tungsten carbide which is used in alloys and steels. Unfortunately, China is responsible for about 90% of known global tungsten reserves and 80% of mine production, and the UK seems to be taking control of securing their own supply chain of tungsten.