In an interesting deal Warren Buffett’s Berkshire Hathaway is potentially going to fund the development of a new mine and refinery for Tungsten in South Korea. This partnership with Woulfe Mining Corp (WOF) would be in response to export curbs on raw rare metals from China which has been jacking up prices. The investment would come from Berkshire’s IMC International Metalworking Companies BV unit. The most notable parts of this story are that Buffett is seeing some type of opportunity in rare metals, and also how beneficial it is for companies to partner with Berkshire where they get such a sound partner, with ample capital to fund growth given attractive opportunities. This is certainly a huge competitive advantage and it will be essential for Berkshire to keep that culture and focus once Buffett eventually is succeeded.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.