# Western Tungsten Scramble Heats Up as China Locks Down 80% of Global Supply

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/western-tungsten-scramble-heats-up-as-china-locks-down-80-of-global-supply--87ee1d7d-799d-49f7-95b7-1e4c8ec12762

Original source: https://money.tmx.com/en/quote/NGEX/news/8986308981945382/western-tungsten-scramble-heats-up-as-china-locks-down-80-of-global-supply

Publisher: tmx

Original announcement: 2026-02-11T13:25:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NGEx Minerals

- Ticker: NGEX

- Exchange: TSX

- Region: Unavailable

- Primary commodity: Copper

- Secondary commodities: Gold, Silver

- Document categories: Drill results, Agreement transaction

- Extracted: 2026-08-22 04:01:34 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

NGEx Minerals reported significant drill results from its Lunahuasi project, including a high-grade 5.00m intercept at 29.05% CuEq and a large 1,246.5m intercept at 0.86% CuEq. The results highlight two distinct mineralization styles: high-grade massive sulphide veins and broad stockwork zones.

Reasoning: The results report both a very high-grade intercept \(29.05% CuEq\) and a significant large-scale intercept \(1,246.5m\), demonstrating both grade and continuity.

- Positive factor: high-grade massive sulphide vein mineralization

- Positive factor: broad stockwork mineralization

- Positive factor: extension of mineralized envelope

Facts used in scoring: 2

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The 29.05% CuEq intercept is exceptionally high grade for a copper system.

Evidence · text

> 5.00 metres at 29.05% copper equivalent

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### DPDH057

[Link to this fact](https://atlas-staging.minestarters.com/news/western-tungsten-scramble-heats-up-as-china-locks-down-80-of-global-supply--87ee1d7d-799d-49f7-95b7-1e4c8ec12762#fact-drill-facts-0)

copper

#### Identity

- Hole ID: DPDH057
- Commodity: copper
- Ticker: NGEX

#### Geometry

- Grade: 5.09
- Grade Unit: % CuEq
- Intercept: 131 m

#### Classification

- Sample Type: drill
- Group ID: DPDH057:0-131

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-11T00:00:00.000Z

Reasoning: Large intercept of 131m at 5.09% CuEq demonstrates broad mineralization.

- Positive factor: significant width

Evidence · text

> 1,246.50 metres at 0.86% copper equivalent from hole DPDH049 and 131.00 metres at 5.09% copper equivalent

### DPDH057

[Link to this fact](https://atlas-staging.minestarters.com/news/western-tungsten-scramble-heats-up-as-china-locks-down-80-of-global-supply--87ee1d7d-799d-49f7-95b7-1e4c8ec12762#fact-drill-facts-1)

copper

#### Identity

- Hole ID: DPDH057
- Commodity: copper
- Ticker: NGEX

#### Geometry

- Grade: 29.05
- Grade Unit: % CuEq
- Intercept: 5 m

#### Classification

- Sample Type: drill
- Group ID: DPDH057:0-5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-11T00:00:00.000Z

Reasoning: Extremely high-grade intercept of 29.05% CuEq over 5m.

- Positive factor: exceptional grade

Evidence · text

> including 5.00 metres at 29.05% copper equivalent from hole DPDH057

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.