Moon River lifts Davidson value to $879M, tungsten output jumps
The project value update indicates higher tungsten output, implying increased supply.
Source →The trace
How it reaches your house.
Starting from Xiamen Tungsten Co., Ltd., we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Tungsten Metal →Stands to benefitThe Davidson project is in British Columbia, so the jump in tungsten output modestly benefits Canada as the producing country on this supply-share edge; the effect is small because Canada’s share is only 5.3%.
87% confidenceTungsten Carbide (Cutting Tools / Bits) →supply upTungsten carbide is a critical, high-dependency input to power and hand tools, so higher tungsten availability should ease input constraints and lift tool supply.
82% confidenceXiamen Tungsten Co., Ltd. →supply upTungsten Carbide (Cutting Tools / Bits)
Moon River's updated study reports tungsten output more than quadruples, which should support higher availability of tungsten-carbide bits/tools in Xiamen Tungsten's supply chain.
56% confidenceXiamen Tungsten Co., Ltd. →supply upThe same tungsten output increase should also make tungsten forming mandrels more available, though the effect is a bit less direct and more substitutable.
50% confidenceHop 2
Tungsten Forming Mandrels →supply upPlansee Group (incl. Global Tungsten & Powders)
Plansee's 40% linked share and relatively low substitutability mean the tungsten output jump should materially improve tungsten forming mandrel availability for this company.
84% confidencePower & hand tools →supply upTungsten Carbide (Cutting Tools / Bits)
Higher tungsten output should improve availability of tungsten-carbide cutting bits, easing a critical input constraint for power & hand tools.
82% confidenceTungsten Forming Mandrels →supply upHop 3
Plansee Group (incl. Global Tungsten & Powders) →supply upPlansee’s 40% share in supplying tungsten forming mandrels means a tungsten output increase should materially improve availability of this input, and the 18-month replacement lead time limits near-term substitution.
77% confidenceKennametal Inc. →supply upTungsten Carbide (Cutting Tools / Bits)
Kennametal depends on tungsten-carbide inputs, so a jump in upstream tungsten output should ease availability of that input and loosen sourcing pressure.
62% confidenceH.C. Starck Ceramics GmbH →supply up