Tungsten's New Reality: Two Markets, Two Very Different Prices - Oliver Friesen

Guardian Metal Resources CEO Oliver Friesen joins Trevor Hall on Mining Stock Daily during LME Week in London to discuss the rapidly changing global tungsten market and the growing divide between Chinese and Western pricing. Friesen explains how China's export restrictions, rising defense demand, and U.S. critical minerals policies are creating opportunities for domestic tungsten production. The conversation examines the economics of Guardian's Pilot Mountain Project in Nevada, including its $660 million after-tax NPV and 60% IRR, alongside ongoing feasibility work, project financing discussions, and potential U.S. government support. Friesen also addresses recent weakness in critical minerals equities, the company's exploration plans at Pilot Mountain and Tempiute, and why emerging demand from nuclear fusion could significantly reshape the long-term tungsten market.