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WKN DE: A1W438 / ISIN: GB00B7Z0Q502

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28.08.2025 19:09:14

Trinity Metals to supply tungsten concentrate from Rwanda to the US

Trinity Metals has signed a commercial agreement with Global Tungsten and Powders (GTP), part of the Plansee Group, and its offtake partner Traxys to deliver tungsten concentrate from the Nyakabingo Mine in Rwanda to the United States.GTP, based in Towanda, Pennsylvania, is the largest tungsten processor in the US and produces powders and components for aerospace, defense, and industrial applications.The US has not mined tungsten domestically since 2015, while China accounts for about 83% of global supply. Tungsten is listed by the US government as a critical mineral needed to support the economy and protect national security.Trinity chairman Shawn McCormick said the agreement marks the first reliable supply of high-grade tungsten from Rwanda to the US. Eric Rowe, Plansee’s director of global raw materials, said the deal strengthens American supply chains with responsibly produced material.Commodity trader Traxys will handle deliveries, with CEO Mark Kristoff noting the long-term partnership among the companies.Trinity, formed in 2022, operates the Nyakabingo tungsten mine as well as the Rutongo and Musha tin mines in Rwanda. Weiter zum vollständigen Artikel bei Mining.com

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