EQ Resources Limited (AU:EQR) has released an update.
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EQ Resources Limited is set to expand its global footprint by acquiring the Tungsten Metals Group, which operates the largest ferrotungsten plant outside China, located in Vietnam. This strategic acquisition is expected to enhance EQR’s diversification and vertical integration across the tungsten supply chain, aligning with its goal to become a leading western producer of tungsten-related products. The move is anticipated to provide significant synergies and capitalize on favorable pricing dynamics in the ferrotungsten market.
For further insights into AU:EQR stock, check out TipRanks’ Stock Analysis page.
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