Odd Lots · Monday, August 3, 2026
The Dolphin tungsten mine in Tasmania is being reopened by a diverse group of investors, including Red Bull, Peabody Energy, a Caterpillar dealer, and the Tasmanian government, with a total investment of only $77 million. This effort is partly driven by concerns over China's dominance in the tungsten market.
“The main one I was speaking to is actually the chief executive or the executive chairman of the mine himself. He was actually he was brought in by one of these investors. As I said that, if you look at the shareholder reds of this company, it's like nothing I've ever seen of a shelled regis certainly of a company of sort of global importance.”
“Like you say that, I think the reason Red Bull are involved is that there's a sort of long central European Germanic interest in tungsten, and Red Bull are based in Austria, a couple of them.”
“Total is about seventy seven million dollars. You know what Amazon spends in about four hours, so it's really very little money.”