Tuesday, September 15, 2026

US Deal for Rwandan Tungsten to Decrease Dependence on China

Business Elites Africa published on 15 September 2026 an article titled "Rwanda Secures 25% Stake in Almonty Tungsten Venture Amid US Defense Shift" by Ikeh Ifeanyichukwu James.

China accounts for over 80 percent of world tungsten production.  The United States is trying to diversify its tungsten supply chain by financing a deal with a Canadian tungsten company and a new mining venture in Rwanda, which will hold a 25 percent stake in the operation.