Tungsten
(this Post appeared originally on this website on July 9, 2026)
On January 1, 2027 a procurement ban will take effect in which Chinese rare earths, magnets and other critical minerals will not be allowed to find their way into U.S. defense applications. The procurement ban will affect samarium-cobalt (SmCo) magnets, neodymium-iron-boron (NdFeB) magnets plus tantalum metal and tungsten metal originating from China, Russia, Iran, and North Korea.
In my July 8 issue of the Bull, Bear, & Planets Report, I examined several companies that are involved in pursuing Tungsten.
Elmet Group (N: ELMT)
ELMT is based in Portland, Maine. It has a deal with an Australian based Tungsten miner for a supply of Tungsten ore concentrate. At its facility in Maine, ELMT further processes the received concentrate. From the refined Tungsten metal, ELMT manufactures critical components mainly for the U.S. Defense industry. This business strategy means the Company does not need to have its own mining operation. It is strictly a processor of Tungsten alloys and components. At last check, ELMT has taken an equity ownership stake in the Australian mining company that supplies the Tungsten concentrate.
ELMT made its market debut April 13, 2026. At the time, Mercury was at -5.5-degrees latitude and Venus was at practically 0-degrees latitude.
A projection of Bayer’s Rule 11-A shows that July 14 is a key date to watch. August 3rd will be the next date of interest. Venus passing through its natal latitude level of 0-degrees will next occur August 3rd. Mercury passing parallel to its natal latitude level will occur around July 14. I find it curiously interesting that dates from the Bayer’s Rule projections align to planetary latitude dates.
From the significant price high on June 2, heliocentric Mars degree projections suggest that Aug 5th is a key date to watch. This aligns closely to the Bayer’s projections.
The trend on ELMT is bearish at this moment. However, a Fibonacci 78.6% retrace of the move from May to early June is now in sight. Analyst price targets show that the $20-$21 price level is where to focus.
What Has Happened Since
Although Venus was at 0-degrees latitude at the IPO, I have noticed that Venus at latitude minimum (as it was in mid-September) does align to price inflections. Coming dates to also watch are October 5 and 27, when Mercury will pass its natal latitude level.